Telecom Lead Asia: JDSU President and Chief Executive Officer Tom Waechter said broadband demand remains a powerful driver for JDSU’s core business.
“Our ability to differentiate through product innovation, evolve our variable cost model, and maintain a robust balance sheet means that we are well positioned to capitalize on future growth opportunities as the gap closes between demand and actual spending by our core network customers,” Waechter said.
JDSU President and Chief Executive Officer Tom Waechter
JDSU has reported net revenue of $420.9 million in its fiscal 2013 first quarter ended September 29, 2012 from $434.0 million. The T&M solution provider’s net loss was $22.2 million against net loss of $11.6 million in the same quarter last year.
“Communications service providers continue to spend cautiously due to macro-economic and geo-political concerns. Because of this uncertain climate, we are not projecting the calendar year-end budget release that frequently occurs in the Telecom industry,” Waechter added.
Americas, EMEA and Asia-Pacific customers represented 50 percent, 23 percent and 27 percent, respectively, of total net revenue for the quarter.
For the second quarter of fiscal 2013, ending December 29, 2012, the company expects non-GAAP net revenue to be $410 to $430 million.
Recently, TelecomLead.com reported that JDSU has introduced PacketPortal CONNECT, a partner program for channel partners, system integrators, and application developers.
The test and measurement solutions provider said the new partner program is aimed expanding PacketPortal applications used by service providers, enterprise customers and network equipment manufacturers.
