CommScope revenues, EBITDA grow in Q1 on broadband networks demand

CommScope reported first-quarter sales up 1.9 percent year-on-year to USD 2.07 billion, and adjusted EBITDA improved 25.3 percent to USD 290 million. The company said growth was supported by broadband networks demand, offset by the continued erosion in the home gateway business, the weaker economic conditions and supply chain constraints. It expects the supply shortages to continue into the second half of 2021.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *