JDSU net revenue up 32.3% to $1,804.5 million in fiscal 2011

JDSU posted net revenue of $1,804.5 million for fiscal 2011, increasing 32.3 percent from $1,363.9 million for fiscal 2010. The net income for fiscal 2011 of $71.6 million, or $0.31 per share, compares to a net loss of $(61.8) million, or $(0.28) per share, for fiscal 2010.

JDSU posted net revenue of $471.8 million and net income of $9.3 million, or $0.04 per share for the fourth fiscal quarter of 2011.

This compares to net revenue of $390.9 million and net income of $1.5 million, or $0.01 per share for the fourth fiscal quarter of 2010.

JDSU delivered solid fiscal fourth quarter and full year financial results. Revenue for the year grew over 32 percent and operating profits more than doubled,” said Tom Waechter, president
and chief executive officer, JDSU.

HIGHLIGHTS OF FINANCIAL PERFORMANCE

Net revenue of $472.3 million increased 3.7 percent compared to the prior quarter and increased 18.6 percent compared to the fourth quarter of fiscal 2010.

Communications Test and Measurement revenue of $211.3 million increased by 11.7 percent compared to the prior quarter and increased 13.5 percent compared to the fourth quarter of fiscal 2010. Revenue from this segment represented 44.8 percent of total net revenue.

Communications and Commercial Optical Products revenue of $202.3 million decreased 3.4 percent compared to the prior quarter and increased 28.6 percent compared to the fourth quarter of fiscal 2010. Revenue from this segment represented 42.8 percent of total net revenue.

Optical Communications revenue of $174.5 million decreased 5.5 percent compared to the prior quarter and increased 29.5 percent compared to the fourth quarter of fiscal 2010.

Commercial Lasers revenue of $27.8 million increased 12.6 percent compared to the prior quarter and increased 23.0 percent compared to the fourth quarter of fiscal 2010.

Advanced Optical Technologies revenue of $58.7 million increased 3.3 percent  compared to the prior quarter and decreased 7.5 percent compared to the fourth quarter of fiscal 2010. Revenue from this segment represented 12.4 percent of total net revenue.

Americas’ customers represented 49 percent of total net revenue for the quarter. EMEA and Asia-Pacific customers represented 26 percent and 25 percent, respectively, of total net revenue for the quarter.

For the first quarter of fiscal 2012, ending October 1, 2011, the Company expects non-GAAP net revenue to be in the range of $400 – $425 million.

By Telecomlead.com Team
editor@telecomlead.com