JDSU reported quarterly revenue of $366.3 million and GAAP net income was $23.2 million, or $0.10 per diluted share. This compares to net revenue of $318.1 million and GAAP net loss of $(17.4) million, or $(0.08) per share, reported for the preceding quarter, and to net revenue of $312.9 million and a GAAP net loss of $(42.1) million, or $(0.20) per share, for the same period a year earlier.
"During the second quarter, JDSU delivered the strongest revenue, gross margin, and net income results in more than five years," said Kevin Kennedy, JDSU's Chief Executive Officer. "Positive earnings per share results show marked improvement from previous quarters, highlighting the impact of our strategy to diversify our business and return to profitability, while continuing to deliver highly innovative products to market."
Some highlights:
- Communications Test and Measurement net revenue of $168.2 million was up 44% from last quarter, and up 15% from the same quarter a year ago. This segment represented 46% of total revenue.
- Optical Communications net revenue of $132.7 million was down 4% from last quarter, and up 21% from the same quarter a year ago, representing 36% of total net revenue.
- Advanced Optical Technologies net revenue of $40.4 million was up 3% from last quarter, and down 2% from the same quarter a year ago. This segment represented 11% of total net revenue.
