Harman Landed $3.2 Billion in Automotive Infotainment Contract Awards Past Quarter, CEO Says
Harman’s recent success in landing automotive infotainment design wins “validates our message around the central role that embedded solutions play in the connected car environment,” CEO Dinesh Paliwal said Thursday on an earnings call. In the past quarter alone, Harman…
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won $3.2 billion in automotive contract awards, including infotainment deals with BMW and Daimler and a contract for its next-generation car audio platform with BMW, he said. Harman recently closed on its acquisitions of Symphony Teleca and Redbend, giving Harman “immediate scale in software services” and better positioning the company to “capitalize” on the IoT’s “rapid growth,” he said. “We can now deliver more powerful solutions at the intersection of cloud, mobility and analytics for our core markets of automotive and consumer electronics and also diversify to a wider range of industries, such as enterprise, telecommunications, media and retail.”