Wednesday, April 25, 2012

Oclaro Says Thailand Flood Recovery Mostly Complete

Oclaro posted quarterly revenue of $88.7 million, compared with revenues of $86.5 million for the preceding quarter. Revenues and operating results for the quarter continued to be materially impacted by the flood in Thailand. Revenues for the quarter were also adversely impacted by approximately $4 million by a short-term work stoppage in Shenzhen, which has since been resolved. GAAP gross margin was 15% for the third quarter of fiscal 2012, compared with a GAAP gross margin of 13% in the second quarter of fiscal 2012.

"This quarter demonstrates our continued progress across all of our strategic initiatives and in our Thailand flood recovery, which is largely behind us," said Alain Couder, chairman and CEO of Oclaro.

  • In March, Oclaro and Opnext agreed to a merger, creating a leader in key components for core optical networking for long-haul, regional and metro DWDM, and positioned to become a leader in data communications for enterprises and data centers, as well as industrial and consumer laser diodes market. The merger brings trans formative consolidation to the optical components market.

    Oclaro was formed in 2009 through the merger of Bookham and Avanex Corporation, both suppliers of optical networking components. Its product set includes tunable lasers, modulators, dispersion compensation components, wavelength selective switches, modules and sub-systems. In mid-2009, the company acquired the Newport Spectra Physics high power laser diodes business.

See also