Wednesday, February 2, 2011

Aviat Networks Posts Revenue of $124 Million

Aviat Networks reported quarterly revenue of $124.2 million, compared with $122.6 million in the year ago period. Net loss was $12.5 million, or $(0.21) per share, compared with a net loss of $7.9 million, or $(0.13) per share, in the year ago quarter. Revenue in the North America segment was $40.4 million in the second quarter of fiscal 2011, compared with $49.4 million in the year ago period. International revenue was $83.8 million, compared with $73.2 million in the year ago period.


"Aviat Networks made significant progress in its restructuring efforts during the second quarter FY11. Shipments increased substantially, resulting in revenue growth for the first time in several quarters. In addition, as the transition of our internal operations accelerated, cash usage was significantly less than projected. The rate at which we are implementing changes gives us confidence we can complete our previously announced restructuring on schedule by the end of the third quarter of FY11," said Chuck Kissner, chairman and CEO, Aviat Networks. http://www.aviatnetworks.com

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