Business
VIAVI Announces Fourth Quarter And Year End Fiscal 2021 Results
SCOTTSDALE, Ariz., Aug. 12, 2021 /PRNewswire/ -- Fourth Quarter Net revenue of $310.9 million, up $44.3 million or 16.6% year-over-year GAAP operating margin
About this update from Viavi Solutions Inc.
[{"type":"text","content":"SCOTTSDALE, Ariz., Aug. 12, 2021 /PRNewswire/ -- \n\n \n \n \n \n \n \n\n \nFourth Quarter\nNet revenue of $310.9 million, up $44.3 million or 16.6% year-over-year GAAP operating margin of 10.5%, down 570 bps year-over-year Non-GAAP operating margin of 20.8%, up 120 bps year-over-year GAAP EPS of $(0.01), down $0.13 or 108.3% year-over-year Non-GAAP EPS of $0.22, up $0.04 or 22.2% year-over-yearFiscal 2021\nNet revenue of $1,198.9 million, up $62.6 million or 5.5% year-over-year GAAP operating margin of 11.9%, up 150 bps year-over-year Non-GAAP operating margin of 21.1%, up 250 bps year-over-year GAAP EPS of $0.20, up $0.08 or 66.7% year-over-year Non-GAAP EPS from continuing operations of $0.83, up $0.10 or 13.7% year-over-yearVIAVI (NASDAQ: VIAV) today reported results for its fourth fiscal quarter ended July 3, 2021. Amounts presented below are on a continuing operations basis unless otherwise noted.\nFourth quarter of fiscal 2021 net revenue was $310.9 million. GAAP net loss was $(1.9) million, or $(0.01) per share. Non-GAAP net income was $52.8 million, or $0.22 per share.\nThird quarter of fiscal 2021 net revenue was $303.4 million. GAAP net income was $11.8 million or $0.05 per share. Non-GAAP net income was $42.3 million, or $0.18 per share.\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.\n\"VIAVI had a strong finish to fiscal year 2021 with a record $1.20 billion in revenue and non-GAAP EPS at $0.83. Fiscal Q4 posted record revenue and non-GAAP profitability for a June quarter as it exceeded the high end of the guidance range in revenue, non-GAAP operating margin and non-GAAP EPS,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer. \"NSE's 13.5% year-on-year growth and record revenue was driven by the continued market rebound and strong demand for Fiber and Wireless products. OSP revenue was in-line with our guidance, up 27.8% from a year ago levels reflecting continued strength in Anti-Counterfeiting.\"\nKhaykin added, \"We expect fiscal year 2022 to be a strong year for VIAVI with 5G deployment and Fiber network upgrades driving NSE revenues and OSP benefiting from the continued strong demand for Anti-Counterfeiting and 3D Sensing products. Overall, we expect fiscal year 2022...