May 1 Harman International Industries Inc reported a 32 percent rise in quarterly revenue, helped by strong sales of its infotainment systems to luxury carmakers such as BMW and Volkswagen.
Net income rose to $73.4 million, or $1.05 per share in the third quarter ended March 31, from $34.9 million, or 50 cents per share, a year earlier.
Revenue rose to $1.40 billion from $1.06 billion a year earlier. Revenue in its infotainment business, which provides integrated navigation, entertainment and communication systems to carmakers, rose 29 percent to $736 million. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Maju Samuel)