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IT

Viavi revenues hit record highs in strong Q2 driven by demand for 5G, fibre

Wednesday 6 February 2019 | 08:57 CET | News
Viavi reported recorded revenues during its fiscal second quarter to 29 December, boosted by strong year-end demand for core product lines, a recovery in North American service provider spend and higher-than-expected demand for 5G and fibre. Revenues lifted almost 50 percent from the year before to USD 306.9 million, while the operating margin lifted 730 base percentage points to 10.7 percent and the net profit rose to USD 15.4 million or USD 0.07 per share from a loss of 1.1 million or 0.0 per share. The adjusted net profit reached USD 50.9 million or USD 0.22 per share.

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Categories: IT
Countries: United States
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