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.
CEO Tom Waechter said revenues exceeded expectations, partly thanks to enterprise and commercial laser sales. The company is on track to split by the third quarter of calendar 2015, he said.
Previously the company announced that it would divide its optical components and commercial lasers segment from its network and service enablement segment.
For more information, visit www.jdsu.com.
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