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Arris completes digestion of Pace meal, turns to Ruckus as dessert

When Arris made its bid for Pace, the two companies had combined revenues of $8 billion. We said at the time that it would be a case of 2 and 2 adding up to 3, and so it has transpired, with 2016 results bringing revenues of $6.83 billion. In effect Arris paid $2.1 billion to buy almost precisely the same amount of revenue – $2.1 billion. This has been at the expense of operating incomes halving for 2016, but they are on the mend, with Q4 up on Q4 2015, with this quarter’s $86 million net income being almost as much as the entire of 2015, which came in at $92 million. It is safe to say that the effort…

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