Harmonic suffered in the first quarter as customers across the world held back on orders from the US technology provider.
Net sales of $67.8 million (€50.57m) were lower than the $87.3 million recorded in the first quarter of 2008 and analyst expectations. International sales represented 52% of revenue for the first quarter of 2009, compared to 39% in the same period of 2008.
“We are seeing some signs of improving customer spending as well as positive customer response to our newest products,” said president and CEO Patrick Harshman. “The recent acquisition of Scopus is further expanding our range of new products, capabilities and customers, and its integration is proceeding as planned.”
Harmonic swung to a first quarter loss of $18.8 million, pulled back by charges related to the Scopus purchase, compared to last year’s Q1 profit of $13.4m.
