ADC Reports Strong Operating Results for Second Fiscal Quarter 2008 And Raises 2008 Annual Guidance
MINNEAPOLIS --(Business Wire)-- ADC (NASDAQ: ADCT)(www.adc.com) today announced unaudited results for its second quarter ended May 2, 2008.
"We are very pleased with our second quarter results where we again exceeded our financial and operating targets. The momentum and success we achieved in 2007 has not slowed in the first half of 2008," said Robert E. Switz, president and CEO of ADC. "Our results demonstrate the successful execution of our strategy to position ADC in the high growth segments of fiber-based and wireless communications networks where our customers are investing in the infrastructure that delivers broadband services to business, residential and mobile subscribers. This successful market positioning, along with the global revenue diversification we continue to achieve, is driving our profitable growth and allowing us to raise our annual sales and earnings guidance for 2008."
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