New orders for RF Communications segment in Q2 were $391m
Harris Corp has posted a revenue of $1.44bn, an increase of 18%, compared to $1.22bn in the same period a year-ago.
For the quarter ended December 31 2010, the company registered income before income taxes of $222m, an increase of 8.3% from $205m for the same quarter last year.
The company’s net income for the second quarter increased to $151.1m or EPS of $1.1, compared to net income of $139.5m or EPS of $1.06 for the same quarter previous year.
The company said that the new orders for the RF Communications segment booked in the second quarter were $391m which includes $300m in Tactical Radio Communications and $91m in Public Safety and Professional Communications.
Harris chairman, president and CEO Howard Lance said the company’s second quarter results were driven by strength in RF Communications, solid results at Government Communications Systems and significant improvement at Broadcast Communications.
"Organic year-over-year revenue growth was strong at 9% with all of our businesses contributing, and in the second quarter, we announced a definitive agreement to acquire Schlumberger’s Global Connectivity Services business, adding scale to our global managed satellite communications services capabilities," Lance said.