MARTINSRIED/MUNICH, Germany -- ADVA Optical Networking (FSE: ADV) today adjusted Q2 2015 revenue and profitability guidance, due to current favorable business development.
Q2 2015 REVENUE GUIDANCE
Revenues in Q2 2015 are forecasted to range between EUR 109 million and EUR 113 million, up from previous guidance of between EUR 105 million and EUR 110 million. This development was mainly driven by the increased business from Internet Content Providers and Web 2.0 customers along with a broad base uptick in carrier infrastructure business.
Q2 2015 PRO FORMA OPERATING INCOME GUIDANCE
IFRS pro forma operating income in Q2 2015 is forecasted to range between 6.0% and 7.5% of revenues, up from previous guidance of between 3.0% and 6.0% of revenues. This development is largely driven by the revenue growth described above, higher gross margins due to a more favorable customer and product mix, and higher income from capitalization of development expenses. IFRS pro forma operating income excludes stock-based compensation and amortization and impairment of goodwill and acquisition-related intangible assets.
Q3 2015 OUTLOOK
ADVA Optical Networking will publish its Q2 2015 financial results on July 23, 2015. The Company will also release its revenue and IFRS pro forma operating profitability guidance for Q3 2015 on the same date.