Viavi Reports Fiscal Quarterly Financial Results
Friday, May 03, 2019 | Comments

Viavi reported results for its third fiscal quarter ended March 30. Third quarter of fiscal 2019 net revenue was $265.2 million. GAAP net loss was $4.8 million. Third quarter of fiscal 2018 net revenue was $218.7 million. GAAP net loss was $10.7 million.

Second quarter of fiscal 2019 net revenue was $306.9 million. GAAP net income was $15.4 million.

"In a seasonally weak March quarter, both NSE and OSP business segments executed well and exceeded our expectations in revenue and non-GAAP operating profit," said Oleg Khaykin, Viavi’s president and CEO. "Looking ahead into the rest of calendar 2019, we expect to see our typical seasonal demand profile re-enforced by the strength in consumer electronics benefiting OSP and continued strength in 5G wireless and fiber benefiting NSE."

Americas, Asia-Pacific and Europe, Middle East and Africa (EMEA) customers represented 35.9%, 31.4% and 32.7%, respectively, of total net revenue for the quarter ended March 30. As of March 30, the company held $537.5 million in total cash and investments. During the fiscal quarter ended March 30, the company generated $41.2 million of cash from operations.

For the fourth quarter of fiscal 2019 ending June 29, Viavi expects net revenue to be between $268 million to $288 million.

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