Wednesday, May 1, 2013

JSDU Reports Quarterly Sales of $405 Million, Cites Delayed Carrier Spending

JDSU reported GAAP net revenue  $405.3 million for its fiscal quarter ending 30-March-2013, with net loss of $(28.0) million, or $(0.12) per share.  Prior quarter net revenue was $429.4 million, with net income of $4.1 million, or $0.02 per share. Net revenue for the same period a year ago was $403.3 million, with net loss of $(17.4) million, or $(0.08) per share.

“The March quarter experienced delayed carrier capex budget releases resulting in lower revenue than expected in our Communications Test and Measurement and Optical Communications businesses,” said Tom Waechter, President and CEO of JDSU. “Despite the revenue challenges, the JDSU team delivered solid results in most areas of the business. Our innovation engine and product portfolio align well with our customers’ strategic priorities, enabled by healthy cash generation and our strong balance sheet.”