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Transceivers Drive Finisar Revenue

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SUNNYVALE, Calif., Sept. 5, 2014 — Fiber optics firm Finisar Corp. reported its eighth consecutive quarter of revenue growth, but said clients’ ordering practices could bring the streak to an end. The company’s first quarter of fiscal 2015 ended July 27. Revenues were $327.6 million, up 23.1 percent from the first quarter of fiscal 2014 and up 7.1 percent from the preceding quarter. Data communications sales increased by $18.2 million, or 8.2 percent, compared to the preceding quarter, primarily as the result of strong demand for the company's transceivers that address wireless applications. Demand is...Read full article

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    Published: September 2014
    AmericasBusinessCaliforniafiber opticsFinisargratingsOregonlightsmyth

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