Revenues Steady as JDSU Approaches Split
MILPITAS, Calif., Oct. 31, 2014 — Preparing to split into two companies, JDSU reported steady revenues and shrinking losses at the end of the first quarter of its fiscal 2015.
The telecommunications and lasers firm posted a net loss of $9.7 million, an improvement over its loss of $25.4 million in the previous quarter. Earnings were $300,000 in the first quarter of fiscal 2014.
Revenues this quarter were $433.6 million, up 1.1 percent from $429.0 million in the first quarter of fiscal 2014.