Ottawa Business Journal - Technology

Article

Print
Send to a friend
Comment (0)

JDSU sees revenue drop in Q3

(Stock image)

Published on May 3, 2012; Published on May 3, 2012
OBJ Staff

Net revenue for JDSU (NASDAQ:JDSU) posted Q3 revenue below guidance due to delayed orders and overall economic uncertainty, according to the optical maker.

The California-based firm, which has a large presence in Ottawa, posted US$409.2 million in GAAP revenues for the quarter ending March 31, compared with US$412.8 million last year.

On a non-GAAP basis, its revenues were $409.2 million, below a previous forecast of $410 million to $425 million in the quarter.

Net loss deepened to $17.4 million or eight cents a share, compared with $10.2 million or four cents a share in 2011.

"Although we saw lower than expected revenue in the quarter due to later than anticipated carrier orders and global macro-economic uncertainty, I am pleased with the progress we made on our strategic priorities and bottom line results," stated CEO Tom Waechter.

"Our focus on operational execution led to operating margins at the high end of our guidance ... Our differentiated products and solutions are well aligned with our customers' needs."

The company forecasts non-GAAP net revenue to be in the $415 million to $435 million range in Q4.

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.