& cplSiteName &

JDSU Reports Fiscal Q3

Light Reading
News Wire Feed
Light Reading
5/1/2014
50%
50%

MILPITAS, Calif. -- JDSU (NASDAQ: JDSU) today reported results for its third quarter ended March 29, 2014.

GAAP net revenue was $418.0 million, with net loss of $(1.5) million, or $(0.01) per share. Prior quarter net revenue was $447.6 million, with net income of $8.8 million, or $0.04 per share. Net revenue for fiscal 2013 third quarter was $405.3 million, with net loss of $(28.0) million, or $(0.12) per share.

Non-GAAP net revenue was $418.0 million, with net income of $23.4 million, or $0.10 per share. Prior quarter non-GAAP net revenue was $447.6 million, with net income of $45.3 million, or $0.19 per share. Non-GAAP net revenue for fiscal 2013 third quarter was $405.3 million, with net income of $24.1 million, or $0.10 per share.

"Our fiscal third quarter revenue was impacted by later-than-expected carrier orders, but we are encouraged by a strong bookings performance and believe positive industry trends will drive improved top-line growth in our fiscal fourth quarter," said Tom Waechter, JDSU's President and Chief Executive Officer. "Despite lower-than-expected revenue in the third quarter, we grew three percent year-on-year, and stayed within our operating margin guidance range through continued strength in gross margins and effective cost management."

  • Americas, EMEA and Asia-Pacific customers represented 47.0%, 24.5% and 28.5%, respectively, of total net revenue for the quarter.
  • The Company held $926.2 million in total cash and investments and generated $42.5 million of cash from operations for the quarter ended March 29, 2014.
  • The Company has adjusted its current and historical Consolidated Statements of Operations and segment financials to reflect the October 2012 sale of its holographic security business. This business' adjusted results are reflected as discontinued operations for the periods reported.

    JDSU (Nasdaq: JDSU; Toronto: JDU)

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
    Flash Poll
    Upcoming Live Events
    February 26-28, 2018, Santa Clara Convention Center, CA
    March 20-22, 2018, Denver Marriott Tech Center
    April 4, 2018, The Westin Dallas Downtown, Dallas
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
    Hot Topics
    Here's Pai in Your Eye
    Alan Breznick, Cable/Video Practice Leader, Light Reading, 12/11/2017
    Ericsson & Samsung to Supply Verizon With Fixed 5G Gear
    Dan Jones, Mobile Editor, 12/11/2017
    Verizon's New Fios TV Is No More
    Mari Silbey, Senior Editor, Cable/Video, 12/12/2017
    The Anatomy of Automation: Q&A With Cisco's Roland Acra
    Steve Saunders, Founder, Light Reading, 12/7/2017
    You Can't Fix OTT Streaming Problems If You Can't See Them
    Mike Hollyman, Head of Consulting Engineering, Nokia Deepfield, 12/8/2017
    Animals with Phones
    Don't Fall Asleep on the Job! Click Here
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed