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JDS Uniphase Reports First Quarter Results

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NEPEAN, Ontario, Canada, Nov. 1 -- JDS Uniphase Corp. announced sales of $230 million and pro forma net income of $51 million, or 29 cents per diluted share, for its first quarter ended September 30, 1999. Sales for the quarter increased 20 percent over second quarter pro forma sales of $192 million, and 104 percent over pro forma combined sales of $113 million in the quarter ended September 30, 1998. Pro forma sales for earlier periods combine results of Uniphase and JDS FITEL Inc.; the merger of the two companies was accounted for as a purchase at the close of business on...Read full article

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    Published: November 1999
    News & Features

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