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JDSU Reports $4M Profit for Q2

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MILPITAS, Calif. -- JDSU (NASDAQ: JDSU) (TSX: JDU) today reported results for its second fiscal quarter ended December 29, 2012. GAAP net revenue was $429.4 million with net income of $4.1 million, or $0.02 per share. Prior quarter net revenue was $420.9 million, with a net loss of $(11.6) million, or $(0.05) per share. Net revenue for the fiscal 2012 second quarter was $409.3 million, with a net income of $(10.2) million, or $(0.04) per share. Non-GAAP net revenue was $429.4 million, with a net income of $42.3 million, or $0.18 per share. Prior quarter non-GAAP net revenue was $420.9 million, with net income of $35.0 million, or $0.15 per share. Non-GAAP net revenue for the fiscal 2012 second quarter was $409.6 million, with net income of $36.3 million, or $0.16 per share. "JDSU delivered a strong fiscal Q2, with revenue at the top of our guidance range and operating margins exceeding expectations across all three business segments," said Tom Waechter, President and CEO of JDSU. "We are pleased with the progress we've made in aligning our product portfolio with customer spending priorities, resulting in a high percentage of revenue from new products and a positive impact on financial results. We are well-positioned for growth opportunities in 2013." JDS Uniphase Corp.

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