Boston, MA 05/05/2014 (wallstreetpr) – CommScope Holding Company Inc. (NASDAQ:COMM) is a company which provides the infrastructure solutions and connectivity for wireless, business enterprises and residential broadband networks. The company reported sales worth $935 million and net income from the sale at $64 million. The company is very pleased to deliver this outstanding results in the start of this financial year. The company’s ability to execute its projects on time and to the customer’s satisfaction has maintained a positive momentum.
Segment Overview:
The wireless team has built the company proud by delivering substantial results. The wireless segment of the company has shown a 26% gain in sales year over year. The demand for high quality of mobile broadband has increased within the U.S, so the wireless operators are upgrading their network. This modernization is helping CommScope to generate revenue by providing solutions to the operator.
The enterprise segment has contributed to the company by increasing the sales by 5 percent year on year. This is possible because the corporates have increased their I.T budgets.
The broadband segment sales have dipped by 9 percent, and it is attributed to the high cost, the company stated it took measures to bring the cost under control.
Solutions for Sporting Events:
The enterprise division of Commscope Holding Company Inc (NASDAQ:COMM) is providing solutions for BB&T Ballpark, where Charlotte Knights will be playing their 2014 season in front of 10,200 fans sitting in the stadium and another 600,000 baseball fans watching the event live.
This all will be possible with a high speed line, which includes end-to end copper wires, fiber optics and coaxial connectors, which will provide high- speed communication functions throughout the stadium. The infrastructure provided by COMM will connect all the communication technology, the TV monitors installed in the stadium, scoreboards and cash registers.
Commscope Holding Company Inc (NASDAQ:COMM) is specialized in advanced connectivity solutions for sporting venues; the solution provided by COMM enable for the better and efficient use of the bandwidth, thus increasing the ability to carry large volumes of traffic efficiently.
