Business
VIAVI Announces Fourth Quarter and Year End Fiscal 2020 Results
Fourth Quarter - Net revenue of $266.6 million, down $23.1 million or 8.0% year-over-year - GAAP operating margin of 16.2%, up 660 bps year-over-year -
About this update from Viavi Solutions Inc.
[{"type":"text","content":"Fourth Quarter\n - Net revenue of $266.6 million, down $23.1 million or 8.0% year-over-year\n - GAAP operating margin of 16.2%, up 660 bps year-over-year\n - Non-GAAP operating margin of 19.6%, up 200 bps year-over-year\n - GAAP EPS from continuing operations of $0.12, up $0.07 or 140.0% year-over-year\n - Non-GAAP EPS from continuing operations of $0.18, up $0.01 or 5.9% year-over-year\n Fiscal 2020\n - Net revenue of $1,136.3 million, up $6.0 million or 0.5% year-over-year\n - GAAP operating margin of 10.4%, up 440 bps year-over-year\n - Non-GAAP operating margin of 18.6%, up 110 bps year-over-year\n - GAAP EPS from continuing operations of $0.12, up $0.09 or 300.0% year-over-year\n - Non-GAAP EPS from continuing operations of $0.73, up $0.05 or 7.4% year-over-year\n\n\nSAN JOSE, Calif., Aug. 11, 2020 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its fourth fiscal quarter ended June 27, 2020. Amounts presented below are on a continuing operations basis unless otherwise noted.\n\n \n \n \n \n \n \n\n \nFourth quarter of fiscal 2020 net revenue was $266.6 million. GAAP net income was $26.7 million, or $0.12 per share. Non-GAAP net income was $40.8 million, or $0.18 per share.\nThird quarter of fiscal 2020 net revenue was $256.2 million. GAAP net loss was $32.8 million or $0.14 loss per share. Non-GAAP net income was $32.0 million, or $0.14 per share.\nFourth quarter of fiscal 2019 net revenue was $289.7 million. GAAP net income was $12.5 million, or $0.05 per share. Non-GAAP net income was $40.1 million, or $0.17 per share.\n\"In fiscal fourth quarter our Wireless Lab equipment business delivered a record revenue quarter driven by 5G and we also saw overall NSE demand stabilizing,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer. \"For the full fiscal year 2020, revenue and non-GAAP EPS grew despite the business impact from the COVID-19 pandemic in the second half.\"\nKhaykin added, \"Although near-term macroeconomic uncertainty is expected, we remain positive on the secular demand drivers for increased network capacity that drive 5G Wireless and Fiber and the continued penetration and adoption of 3D Sensing technology in mobile applications.\"\nFinancial Overview:\nThe tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, ...