For its second quarter of fiscal 2023 VIAVI Solutions reported net revenue of $284.5 million. GAAP net income was $8.4 million, or $0.04 per share. Non-GAAP net income was $31.5 million, or $0.14 per share.
Second quarter of fiscal 2022 net revenue was $314.8 million. GAAP net income was $34.6 million, or $0.14 per share. Non-GAAP net income was $59.3 million, or $0.24 per share.
"Partial recovery in the service provider spend drove fiscal second quarter revenue, operating profit and EPS above the high end of our guidance," said Oleg Khaykin, VIAVI's President and Chief Executive Officer. "While the overall service provider spend environment remained constrained, we saw initial signs of stabilization and recovery in our NSE business segment, coming in above the high end of our guidance for both revenue and non-GAAP operating margin. The OSP business segment, on the other hand, grew year over year and came in-line with our expectations."
