ORLAND PARK, Ill.-Driven mostly by wireless infrastructure sales, Andrew Corp. revenues rose to $201.3 million during its second quarter, which ended March 31, a 6 percent increase from the same period last fiscal year.
Overall losses for the latest complete quarter totaled $1.7 million, compared with income of $6.9 million during the year-ago quarter. However, net loss per share declined slightly, to three cents from four cents.
“During the quarter we gained market share in new product areas and maintained market share in traditional products,” said Ralph Faison, president and chief executive officer.
“Our strong and effective restructuring plan implementation has enabled us to achieve near breakeven results in an extraordinarily difficult environment. These efforts, together with a 71 percent year-over-year increase in R&D investment, will continue to position Andrew for stronger, more profitable growth in the future.”
