Tuesday, August 23, 2011

Aviat Posts Revenue of $121 Million

Aviat Networks reported Q4FY11 revenue was $120.9 million, compared with $107.6 million in the year-ago quarter, which is at the high end of the company's prior guidance. The company reported a net loss, including discontinued operations, of $19.8 million or $(0.34) per share, compared with a net loss of $88.8 million or $(1.49) per share in the year-ago quarter. Loss from continuing operations was $6.2 million or $(0.11) per share compared with the loss from continuing operations of $80.7 million or $(1.35) per share in the year-ago quarter. The company's WiMAX business is counted as a discontinued operation.


Revenue in the North America segment was $42.2 million in the fourth quarter of fiscal 2011, compared with $38.0 million in the year ago quarter and $42.5 million in the prior quarter. International revenue was $78.7 million, compared with $69.6 million in the year ago quarter and $73.0 million in the prior quarter.


"In FY11 we focused on restructuring the company to achieve profitability and returned to our core competency of microwave transmission. We have created a more competitive cost base, improved operational processes, reinvigorated product development and realigned our company to execute on the next phase of our business strategy. Our customers are enthusiastic about our progress as demonstrated by renewed orders strength in North America and increased business with both new and existing customers in Africa," said Michael Pangia, president and CEO of Aviat Networks. http://www.aviatnetworks.com

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