International communications and information technology provider Harris Corp. (NYSE: HRS – $69.83) reported revenue in the second quarter of fiscal 2014 (ending June 30) of $1.22 billion and income from continuing operations equal to $1.27 per diluted share vs. $1.25 a year ago, and ten cents ahead of Street estimates. The shares hit a new 52-week high of $72.33 following the news, before settling back a bit. Orders in the second quarter were $1.47 billion compared with $1.36 billion in the prior year, a decent start for the third and fourth quarters. Revenue in the second quarter for the RF Communications segment was $455 million compared with $486 million in the prior year. The Integrated Network Solutions segment revenue decreased to $366 million compared with $403 million a year ago, due to lower revenue from U.S. Government customers in both its CapRock Communications and Healthcare Solutions businesses. Revenue for the Government Communications Systems segment was $433 million in the second period, increasing 1% compared with a year ago. Harris also increased its fiscal 2014 guidance for income from continuing operations from a range of $4.65 to $4.85 per diluted share to a range of $4.80 to $4.90, a nice surprise if they can pull it off as consensus estimates are closer to the $4.80 figure. Revenue guidance remains unchanged from an expected decline of 1 to 3 percent compared with the prior year. The company is continuing to aggressively buy back shares and while long-term top-line growth may be challenging, the company continues to outperform and I am going to continue to hold the position in the aggressive portfolio for now. The shares also have a decent yield of 2.45%.