Tuesday, January 31, 2012

Aviat Networks Posts Revenue of $105 Million

Aviat Networks reported quarterly revenue within its previous guidance -- $105.0 million, compared with $115.3 million in the year-ago quarter. Revenue and results of operations from WiMAX are classified as discontinued operations for all periods presented. The company reported a net loss, including discontinued operations, of $(12.8) million or $(0.22) per share, compared with a net loss of $(12.5) million or $(0.21) per share in the year-ago quarter. Loss from continuing operations was $(10.0) million or $(0.17) per share compared with the loss from continuing operations of $(10.0) million or $(0.17) per share in the year-ago quarter.

"We are pleased with another solid quarter across the board," said Michael Pangia, president and CEO, Aviat Networks. "Our global team executed as planned and we overcame the challenges in Thailand from the recent flooding. Given the progress and momentum we have made in meeting our commitments in the first half of our fiscal year 2012, we are confident that we are on track to meet our key objectives during the remainder of this year."http://www.aviatnetworks.com

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