Viavi Reports Fiscal Quarterly Financials
Friday, November 02, 2018 | Comments

Viavi reported results for its first fiscal quarter ended Sept. 29. First quarter of fiscal 2019 net revenue was $268.5 million. GAAP net loss was $15.3 million.

Fourth quarter of fiscal 2018 net revenue was $260.7 million. GAAP net loss was $29.2 million. First quarter of fiscal 2018 net revenue was $190.9 million. GAAP net loss was $7.6 million.

"We delivered solid results in fiscal Q1 2019, driven by better than expected demand in our key growth areas of fiber, 5G wireless, and 3D sensing," said Oleg Khaykin, Viavi’s president and CEO. "However, our strong performance in fiber, 5G wireless and 3D sensing was dampened by the continuing weak spending by the North American service providers. Despite that, our NSE business segment delivered solid non-GAAP operating results, helped by a richer product mix and operating expense management. We expect fiscal Q1 business trends to continue into Q2."

For the second quarter of fiscal 2019 ending Dec. 29, the company expects net revenue to be between $270 million to $290 million.

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