SCRI International, Inc.

Harris Corporation (NYSE:HRS) reported revenue in the first quarter of fiscal 2012 of $1.46 billion compared with $1.41 billion in the prior-year quarter. GAAP net income in the first quarter of fiscal 2012 was $122 million, or $1.01 per diluted share, compared with $164 million, or $1.27 per diluted share, in the prior-year quarter. Non-GAAP net income was $129 million, or $1.06 per diluted share, compared with $165 million, or $1.28 per diluted share, in the prior-year quarter. Revenue and earnings in the prior-year quarter benefited from $235 million in expedited shipments of tactical radios to equip MRAP vehicles. Non-GAAP net income excludes acquisition-related costs in both quarters. A reconciliation of GAAP to non-GAAP financial measures is provided in Tables 5 through 8, along with the accompanying notes. [...]

Register now to attend the East Coast’s largest pro video and broadcast expo, November 29 to December 1 in the heart of our nation’s capital. Learn about cutting-edge video technologies and techniques in a comprehensive conference program produced by the experts at Digital Media D.C.; get hands on with the latest video gear in an exhibit featuring over 100 suppliers, dealers and distributors; and attend FREE special events and networking opportunities to further your knowledge, career and agency mission.Register now with code SCRI11 for a free exhibit hall pass or $25 off the conference program. Early bird rates expire on November 15. Don’t miss it!

Miranda achieved another quarter of strong results with revenue and profitability coming in at the highest levels in the Company’s history. Revenue increased 29% over 2010 to $48.8 million, with solid growth registered across all geographies. On a constant currency basis sales volume was up 34%. Gross profit also showed continued strength coming in at 62%, while EBITDA was up 97% to $15.7 million or 32% of sales. Quarterly net profit was $13.2 million, translating into fully diluted earnings per share of 60 cents, up from 27 cents in the prior year. Fully diluted earnings per share would have been 47 cents for the current quarter, excluding a one-time $3.0 million income tax recovery adjustment. Cash generation was high, with operating activities generating $11.1 million of cash flows during the quarter.

[...]

For the third quarter of 2011, total revenues were $7.47 million, an increase of $0.59 million or 9%, from revenues of $6.88 million for the third quarter of 2010.

Service revenues, which include revenues from the Company’s AXIS cloud-based graphics service, as well as systems hardware and software maintenance agreements, training and creative services, were $2.11 million for the third quarter of 2011, a 34% increase over service revenues of $1.58 million for the prior year’s third quarter. Service revenues as a percentage of total revenues for the third quarter of 2011 were 28% as compared to 23% in the prior year’s third quarter.  Product revenues were $5.36 million for the third quarter of 2011 as compared to $5.31 million for the prior year’s third quarter.

[...]

As reported in the Tech Trader Daily, shares of Adobe (ADBE) are down $2.81, or 9%, at $27.61 after the company said it will restructure its business, including cutting 750 full-time jobs, mostly in North America and Europe.

Adobe plans to focus on and invest “aggressively” in “digital media” and “digital marketing,” it said. It will invest less in development of products for enterprise customers, the company said. That will reduce 2012 revenue growth by 4 to 5 percentage points, the company said, for total revenue growth of 4% to 6%.

[...]

SCRI is once again an Association Partner for Government Video Expo. View list of partners at: http://www.gvexpo.com/conference/sponsorsandpartners.php?cat=21
[...]

Declining Revenue
Avid reported revenues for the nine-month period ended September 30, 2011 were $492.6 million, compared to revenues of $483.2 million for the same period in 2010, a marginal increase of 1.9%. However going back five years to 2007, this represents a 26.6% decline in Q3 revenues. Looking at annual revenues, Avid further cut its full-year 2011 revenue outlook to $665-$675 million from its previous estimates of $690-$710 million, citing restructuring charges and challenging macro environment. Based on this estimate, Avid’s five year trend in annual revenue has declined by 37%.
[...]