Thursday, January 29, 2015

Aviat Reports Revenue of $92.5 million

Aviat Networks reported quarterly revenue of $92.5 million, compared with $85.8 million in the year-ago quarter. Aviat reported net loss, including discontinued operations, of $(3.3) million, or $(0.05) per share, compared with a net loss of $(9.9) million, or $(0.16) per share, in the year-ago quarter. Loss from continuing operations for the quarter was $(3.2) million, or $(0.05) per share, compared with a loss from continuing operations of $(10.2) million, or $(0.17) per share, in the year-ago quarter.

"In the fiscal second quarter our mobile and non-mobile verticals both contributed to strong revenue and a favorable product mix, while we made significant progress operating the business more efficiently," said Michael Pangia, president and CEO, Aviat Networks. "Moving forward, we are focused on aligning our product roadmap with key accounts in the geographic regions where we see the highest potential for profitable growth. We continue to be dedicated to maximizing improvements in our business model to drive profitability and cash generation on a more consistent basis."

http://www.aviatnetworks.com

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