Finisar announces record revenues and profitability

Dec. 6, 2010
Sunnyvale, CA--Finisar Corporation announced record financial results for its second quarter ended October 31, 2010.

Sunnyvale, CA--Finisar Corporation (NASDAQ: FNSR), a manufacturer of subsystems and components for fiber-optic communications, announced record financial results for its second quarter ended October 31, 2010. Revenues increased to $240.9 million, up $33.1 million, or 15.9%, from $207.9 million in the preceding quarter and up $95.2 million, or 65.3%, from $145.7 million in the second quarter of the prior year.

"In our just completed second quarter, we reached our previously announced target for non-GAAP operating margin of 17.0%, upwardly revised just last quarter, substantially earlier than we had predicted. Achieving this level of operating margin was driven by our strong revenue growth combined with minimal increases in operating expenses," said Jerry Rawls, Finisar's executive Chairman of the Board. "We achieved new company records for quarterly revenues, operating income and net income."

"Furthermore, the market environment continued to be very strong for Finisar, driven by increased demand for a broad range of LAN/SAN and metro/telecom products," said Eitan Gertel, Finisar's Chief Executive Officer. "The company continued to gain market share, including in the WSS/ROADM line card segment where revenues grew 27.3% over the previous quarter. We expect revenues for WSS/ROADM line cards to grow another 20% to 30% sequentially in our fiscal third quarter."

Finisar indicated that it currently expects revenues for its third fiscal quarter ending January 30, 2011 to be in the range of $247 to $262 million.

SOURCE: Finisar; http://investor.finisar.com/releaseDetail.cfm?ReleaseID=534124

Posted by: Gail Overton

Subscribe now to Laser Focus World magazine; It’s free!

Follow us on Twitter

Sponsored Recommendations

March 31, 2025
Enhance your remote sensing capabilities with Chroma's precision-engineered optical filters, designed for applications such as environmental monitoring, geospatial mapping, and...
March 31, 2025
Designed for compatibility with a wide range of systems, Chroma's UV filters are engineered to feature high transmission, superior out-of-band blocking, steep edge transitions...
March 31, 2025
Discover strategies to balance component performance and system design, reducing development time and costs while maximizing efficiency.
March 31, 2025
Explore the essential role of optical filters in enhancing Raman spectroscopy measurements including the various filter types and their applications in improving signal-to-noise...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!