[SatNews] Harris Corporation (NYSE:HRS) reported revenue in the second quarter of fiscal 2013 of...
...$1.29 billion compared with $1.31 billion in the prior year. GAAP income from continuing operations was $142 million, or $1.25 per diluted share, compared with $136 million, or $1.18 per diluted share. Non-GAAP income from continuing operations in the prior year was $142 million, or $1.24 per diluted share. Fiscal 2012 non-GAAP amounts exclude acquisition-related costs, and a reconciliation of GAAP to non-GAAP financial measures is provided in the tables. Orders in the second quarter were $1.36 billion compared with $1.04 billion in the prior year.
“Harris second quarter results were solid in a very difficult and uncertain government spending environment,” said William M. Brown, president and chief executive officer. “Orders were up 30 percent compared to the prior year with all three business segments experiencing double-digit growth. In this current environment, we will continue to focus on providing our customers with innovative and cost-effective solutions, lowering costs throughout our company, increasing free cash flow and effectively deploying capital.”
To read the entire financial report, this direct link.

