Finisar Finishes Fiscal Year

SUNNYVALE, Calif. -- Finisar Corporation (Nasdaq:FNSR), a technology leader in gigabit fiber optic solutions for high-speed data networks, today reported financial results for its fourth quarter and fiscal year ended April 30, 2001.Total revenues for the fourth quarter of fiscal 2001 of $52.2 million were in line with management's previous expectations as announced on April 16, 2001, up 153% from the fourth quarter of fiscal 2000 and down sequentially by 19% from the immediately preceding quarter. Total revenues include sales of optical subsystems of $41.9 million and sales of network performance test systems of $10.3 million. Sales of optical subsystems were up 170% from the fourth quarter of fiscal 2000 and down 27% sequentially. Sales of network test systems were up 101% from the fourth quarter of fiscal 2000 and up 33% sequentially and included $2.6 million in revenues recorded by Shomiti Systems and Medusa Technologies subsequent to their acquisitions which were completed during the quarter.Finisar Corp.