CommScope Holding Company, Inc. (NASDAQ:COMM) Q2 2023 Earnings Call Transcript

Kyle Lorentzen: And, just to give a little more color, Simon we typically do see a December pickup, because normally they’re trying to spend CapEx right at the end of the year, so that’s not unusual.

Simon Leopold: Great. And then just as my follow up on the campus related products, the RUCKUS brand, it’s a bit puzzling in that, I think almost every single participant in the industry with one teeny exception, sounds very upbeat. And so, we know not everybody can gain share. And the market has been good for some time, and we’re getting through corrections and so I’m hearing more and more concerns about slowing in 2024 for wireless LAN and campus sort of post this, catch up on backlog. How are you thinking about that business maintaining this kind of momentum into the next year? Thanks.

Charles Treadway: Sure, thank you. It’s really about the, I would say the R&D and the vertical market strategies that we have specifically with R&D. Our RUCKUS One solution with AI is getting launched. We’re going to have Wi-Fi 7 launching at the end of this year, and we’re also going to have more software as a service. So we’ve really invested heavily in that business and we’re going to start to see the benefits of those things. Additionally we have a very targeted approach where we’re very well known in several different segments and we continue to double down on those. And we don’t just shotgun approach markets. We look at where we can have a real competitive advantage and lock in closer with the customer. So as we add, it’s not like we add five verticals. We might add one vertical a year, but we dig in pretty hard there. So that’s where we see the initiatives and the growth plans coming from.

Simon Leopold: Thanks for taking the questions.

Charles Treadway: Good, thanks. You’re welcome, Simon. Thank you.

Operator: Thank you. And it looks like we’re out of time for questions. I’d like to turn the call over to Chuck Treadway for any closing remarks.

Charles Treadway: Yes, I’d like to thank everyone for your support of CommScope and I hope everyone has a great rest of the week. Thank you.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s conference. Thank you all for participating. You may now disconnect. Have a great day.