Thursday, January 30, 2014

JDSU Beats Guidance with Revenue of $448 Million

JDSU posted GAAP net revenue of $447.6 million, with net income of $8.8 million, or $0.04 per share, for its second quarter ended December 28, 2013.  Prior quarter net revenue was $429.0 million, with net income of $0.3 million, or $0.00 per share. Net revenue for fiscal 2013 second quarter was $429.4 million, with net income of $4.1 million, or $0.02 per share.


“Our fiscal second quarter results exceeded our guidance expectation with gross margin improvements across all three segments,” said Tom Waechter, JDSU’s President and Chief Executive Officer.  “We are pleased with the performance of our organic business, the progress of our continuing investments in new offerings which align with customer requirements and market trends, and our continuing M&A strategy to expand our product portfolio into mobility and service enablement.  We believe JDSU is well-positioned to leverage our technical leadership in new markets in network infrastructure, commercial lasers and anti-counterfeiting in calendar 2014.”

http://www.jdsu.com

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