JDSU announced Wednesday its 2015 first-quarter revenue was down from the previous quarter but still exceeded guidance.
“Enterprise market performance included growth in datacom and service enablement, which generated an operating profit ahead of schedule,” CEO Tom Waechter said in a statement, adding plans to split the company into two remain on track for the 2015 third quarter.
One of the companies will focus on optical components and commercial lasers and the other will be a network and service enablement company.
OBJ360 (Sponsored)
City Building: Hydro Ottawa, powering our city’s future sustainably through district energy systems
Ottawa’s rapid growth and commitment to sustainability will place an increased demand on the city’s energy infrastructure. To meet these challenges, the city will need innovative solutions that enhance capacity
Is your company a Best Place to Work?
Even in uncertain economic times, you can take this to the bank. The most successful companies are those with the highest employee engagement. That’s why the Ottawa Business Journal and
JDSU’s net revenue for the three months ending Sept. 27 was $433.6 million, down from $448.6 million in the previous quarter, but higher than the same quarter last year.
Net loss came in at $9.7 million or four cents per share, down from the $25.4 million or 11 cents per share in the previous quarter. The company reported a net income of $300,000 in the same quarter last year.
Looking ahead, the company is expecting second-quarter revenue of about $445 million with earnings of about 15 cents per share.
