The third quarter has
many businesses in a bit of a slump as far as profits are concerned. Calix, a major supplier in the
telecommunication equipment industry, was one of these businesses. The company released a statement
earlier this month showing a significant decrease in revenue by 2.8% from this
time last year. It wasn’t all bad news
for Calix though. President Carl Russo pointed out that revenue
might be down, but there is still growth compared to the last quarter.
Calix isn’t the only
company that has seen major losses going into the third quarter. Applied Micro
Circuits Corporation joins the group of companies struggling with
revenue. The optical communications and
computer data storage company released a detailed financial report
with losses clearly stated at a 33% drop in profit from last year. Applied
Micro faces a tough year ahead.
Despite difficulties
for the above mentioned corporations, there is one company now on the rise. Comcast
Corp. made the choice to serve businesses that employed more than twenty
individuals. By moving up-market and
serving larger companies, Comcast has seen a sizeable increase in revenue. The Vice Chairman and CFO reported earnings
of over ninety million alone from these mid-sized companies, or about fifteen
percent of the total revenue produced by business service customers. Overall
Comcast has seen a thirty four percent rise in business services revenue. With
profits steadily rising, Comcast is poised to make record profits by year's
end.
