Oclaro reported revenues of $94.1 million for the second quarter of its fiscal 2016, compared with revenues of $87.5 million in the first quarter of fiscal 2016. GAAP gross margin was 28.3% for the second quarter of fiscal 2016, compared with GAAP gross margin of 25.9% in the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 was $0.2 million. This compares with a GAAP net loss of $3.5 million in the first quarter of fiscal 2016.
"With a second consecutive quarter of 20 percent sales growth in our 100G portfolio we again delivered stronger financial performance. The quarterly revenue growth drove higher gross margin and net income," said Greg Dougherty, Chief Executive Officer, Oclaro. "We continue to see robust demand for our 100G product portfolio combined with favorable market conditions. As we expand capacity in Asia, both for our current and new 100G products, we expect revenue growth in 2016 to continue."
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