Wednesday, May 4, 2011

Aviat Posts Sales of $115 Million

Aviat Networks reported quarterly revenue of $115.5 million, compared with $117.0 million in the year ago period and $115.9 million in the prior quarter. Net loss (including discontinued operations) was $36.9 million, or $(0.63) per share, compared with a net loss of $25.7 million, or $(0.43) per share, in the year ago quarter. Net loss from continuing operations was $25.5 million, or $(0.44) per share, compared with a net loss of $22.5 million, or $(0.38) per share, in the year ago quarter.


Revenue in the North America segment was $42.5 million in the third quarter of fiscal 2011, compared with $39.5 million in the year ago period and $40.4 million in the prior quarter. International revenue was $73.0 million, compared with $77.5 million in the year ago period and $75.5 million in the prior quarter.


"Aviat Networks made significant progress in driving its technology innovation with the announcement of several new products in the third quarter of fiscal year 2011. In addition, the decision to sell our WiMAX business will enable the company to further focus and invest in our core wireless transmission business and position the company for long-term growth. We believe we did very well in meeting our customer commitments and now are seeing increased customer activity," said Chuck Kissner, chairman and CEO, Aviat Networks. "With the cost reductions on target for Q4, and with the introduction of new products, systems and processes, we are prepared to move Aviat Networks forward again."http://www.aviatnetworks.com

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