JDSU reported revenue of $429.0 million for its fiscal 2014 first quarter ended September 28, 2013, with net income of $0.3 million, or $0.00 per share. Prior quarter net revenue was $421.3 million, with net income of $92.5 million, or $0.38 per share. Net revenue for fiscal 2013 first quarter was $420.9 million, with net loss of $(11.6) million, or $(0.05) per share.
“We are pleased to have delivered our 28th consecutive quarter of positive operating cash flow, further strengthening our balance sheet and ability to fuel JDSU’s strong innovation pipeline,” said Tom Waechter, JDSU’s President and CEO. “Our results for the quarter were driven by strong growth in products that help our customers build out network capacity and this, coupled with robust customer adoption of our new products, positions JDSU well in the markets we serve."
- Americas, EMEA and Asia-Pacific customers represented 46.4%, 24.3% and 29.3%, respectively, of total net revenue for the quarter.
- The company held $1,087.3 million in total cash and investments and generated $29.5 million of cash from operations for the quarter.