Viavi revenue drops significantly amid restructuring

viavi-solutions-for-telecomsTest and measurement company Viavi posted net revenue of $198.1 million ($224.1 million) and net income of $12.1 million (net loss of $64.5 million) in its fourth fiscal quarter ended July 1, 2017.

Viavi posted revenue of $811.4 million ($906 million) and net income of $165.3 million (net loss of $50.4 million) for fiscal 2017.

Viavi has generated $105 million revenue from Network Enablement business, $19.5 million from Service Enablement and $63.6 million from Optical Security and Performance Products in the fourth quarter.

Viavi’s Network Enablement business contributes 53 percent, Service Enablement 14.9 percent and Optical Security and Performance Products 32.1 percent revenue.
Viavi Solutions revenue fiscal 2017

Viavi generated 45.4 percent revenue from Americas, 20.6 percent from Asia Pacific and 34 percent from EMEA customers for the fourth quarter ended July 1, 2017.

“We will continue to focus on revenue quality improvement and profit diversification, as we manage the cyclical business challenges to our core businesses. We are focusing on stabilizing and reversing the NSE revenue trend, aided by the expected recovery in North American service providers spend and our revamped product strategy,” said Oleg Khaykin, president and chief executive officer of Viavi.

“We also expect to realize initial 3D sensing revenue in the first half of fiscal 2018 with a greater ramp in the second half.  The new revenue opportunity is timely and is expected to balance the typical business cyclicality of the anti-counterfeiting products,” Oleg Khaykin said.

For the first quarter of fiscal 2018 ending September 30, 2017, the test and measurement company expects non-GAAP net revenue to be between $173 million to $193 million and non-GAAP earnings per share to be $0.06 to $0.09.