JDSU Reports Fiscal Q2
MILPITAS, Calif. -- JDSU (NASDAQ: JDSU) today reported results for its fiscal second quarter ended December 27, 2014.
GAAP net revenue was $437.1 million, with net loss of $(25.1) million, or $(0.11) per share. Prior quarter net revenue was $433.6 million, with net loss of $(9.7) million, or $(0.04) per share. Net revenue for fiscal second quarter 2014 was $447.6 million, with GAAP net income of $8.8 million, or $0.04 per share.
Non-GAAP net revenue was $437.1 million, with non-GAAP net income of $35.4 million, or $0.15 per share. Prior quarter non-GAAP net revenue was $433.6 million, with non-GAAP net income of $33.8 million, or $0.14 per share. Non-GAAP net revenue for fiscal second quarter 2014 was $447.6 million, with net income of $45.3 million, or $0.19 per share.
"We continue to experience the benefits of diversification and product differentiation, which drove strength in both gross margin and operating margin at the higher end of the guidance range even as U.S. carrier spend impacted revenue in the second quarter," said Tom Waechter, JDSU's president and chief executive officer. "We are pleased with our progress toward the planned separation of SpinCo (CCOP) and NewCo (NE/SE/OSP) and currently expect to complete the transaction by the calendar third quarter of this year."
JDSU (Nasdaq: JDSU; Toronto: JDU)