JDS Uniphase posts 1Q profit as sales rise
Milpitas, CA â JDS Uniphase (NASDAQ: JDSU; and TSX: JDU) reported net revenue for the first fiscal quarter of 2011, ended October 2, 2010, of $405.2 million and net income of $0.1 million, or breakeven earnings per share. This compares to net revenue of $390.9 million and net income of $1.5 million, or $0.01 per share for the prior quarter, and net revenue of $297.8 million and net loss of $(31.9) million, or $(0.15) per share for the first fiscal quarter of 2010.
âIn fiscal Q1, JDSU reported its highest gross margin in five years and operating margin that was above our previously stated guidance,â said Tom Waechter, JDSUâs President and Chief Executive Officer. âWe expect to continue growing the business as supply constraints ease in our Optical Communications and Test and Measurement businesses and we invest in incremental capacity for Optical Communications. Our balance sheet remains strong and we generated over $35 million of cash from operations during the quarter.â
Sales of communications and commercial optical products jumped 66% to $168 million. Revenue from communications test and measurement devices rose 27% to $182.8 million and advanced optical technologies revenue grew 12% to $60.5 million.JDSU said it expects revenues to be in the range of $425 million to $450 million in the fiscal second quarter, up from $342.9 million a year earlier.For more information visit JDSU online.
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âIn fiscal Q1, JDSU reported its highest gross margin in five years and operating margin that was above our previously stated guidance,â said Tom Waechter, JDSUâs President and Chief Executive Officer. âWe expect to continue growing the business as supply constraints ease in our Optical Communications and Test and Measurement businesses and we invest in incremental capacity for Optical Communications. Our balance sheet remains strong and we generated over $35 million of cash from operations during the quarter.â
Sales of communications and commercial optical products jumped 66% to $168 million. Revenue from communications test and measurement devices rose 27% to $182.8 million and advanced optical technologies revenue grew 12% to $60.5 million.JDSU said it expects revenues to be in the range of $425 million to $450 million in the fiscal second quarter, up from $342.9 million a year earlier.For more information visit JDSU online.
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