Loading...
•
Mar 27, 2020
Harmonic Q1 2020 Earnings Report
Harmonic's financial results were impacted by Covid-19 but the company delivered on several key business initiatives.
Key Takeaways
Harmonic Inc. announced unaudited results for the first quarter of 2020. Cable Access segment revenue grew over 85% and recurring SaaS and Service revenue grew over 10% year over year.
Cable Access segment revenue grew over 85% year over year.
SaaS and Service revenue grew over 10.5% year over year.
CableOS solution commercially deployed with 27 customers, up over 17% quarter over quarter.
Video SaaS customer base increased from 48 to 57 customers, up 19% quarter over quarter and 128% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Financial guidance for the second quarter of 2020 is set out in the tables below. Due to the economic uncertainties arising from the Covid-19 crisis, Harmonic is withdrawing its previously issued full-year 2020 guidance. The company will reassess this position based on the clarity of macroeconomic recovery at the end of the second quarter.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...