CommScope Holding has posted revenue of $1.24 billion (+6 percent), operating income of $165 million (+21 percent), and net income of $66 million in the second quarter of 2018.
CommScope achieves sales growth in the North America and Europe, Middle East and Africa (EMEA) regions. CommScope observed weaker sales in the Asia-Pacific region including India, China and Japan.
CommScope CEO Eddie Edwards said: “The growth in North America in our Mobility segment and Outdoor Network Solutions business reflects our technology, scale and customer relationships.”
CommScope generated revenue of $740 million (+2 percent) from Connectivity Solutions and $499 million (+11 percent) from Mobility Solutions segment.
The revenue growth in Connectivity Solutions was driven primarily by strength in the EMEA region.
Mobility Solutions revenue grew driven by double-digit growth in North America coupled with less pronounced increases in Latin America and EMEA. CommScope said its Mobility Solutions business posted lower sales in the Asia-Pacific region.
CommScope has made progress identifying new opportunities to accelerate its long-term growth prospects.
CommScope is targeting revenue of $1.19 billion – $1.24 billion with operating income of $145 million – $169 million in the third quarter and revenue of $4.675 billion – $4.825 billion with operating income of $540 million – $585 million in 2018.
