Business
VIAVI ANNOUNCES FOURTH QUARTER AND YEAR ENDED FISCAL 2022 RESULTS
Fourth Quarter Net revenue of $335.3 million, up $24.4 million or 7.8% year-over-yearGAAP operating margin of 14.3%, up 380 bps year-over-yearNon-GAAP
About this update from Viavi Solutions Inc.
[{"type":"text","content":"Fourth Quarter\nNet revenue of $335.3 million, up $24.4 million or 7.8% year-over-yearGAAP operating margin of 14.3%, up 380 bps year-over-yearNon-GAAP operating margin of 21.3%, up 50 bps year-over-yearGAAP EPS of $0.07, up $0.06 or 600.0% year-over-yearNon-GAAP EPS of $0.24, up $0.02 or 9.1% year-over-yearFiscal 2022\nNet revenue of $1,292.4 million, up $93.5 million or 7.8% year-over-yearGAAP operating margin of 14.3%, up 240 bps year-over-yearNon-GAAP operating margin of 22.2%, up 110 bps year-over-yearGAAP EPS of $0.07, down $0.22 or 75.9% year-over-yearNon-GAAP EPS of $0.95, up $0.12 or 14.5% year-over-yearCHANDLER, Ariz., Aug. 11, 2022 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its fourth fiscal quarter ended July 2, 2022.\n\n \n \n \n \n \n \n\n \nFourth quarter of fiscal 2022 net revenue was $335.3 million. GAAP net income was $16.5 million, or $0.07 per share. Non-GAAP net income was $55.8 million, or $0.24 per share.\nThird quarter of fiscal 2022 net revenue was $315.5 million. GAAP net income was $19.2 million or $0.08 per share. Non-GAAP net income was $52.0 million, or $0.22 per share.\nFourth quarter of fiscal 2021 net revenue was $310.9 million. GAAP net income was $3.3 million, or $0.01 per share. Non-GAAP net income was $52.5 million, or $0.22 per share.\n\"I am pleased with VIAVI's performance in the fiscal year 2022. We generated record revenue, close to $1.3 billion, and record operating profit, exceeding our strategic plan goals that we set out three years ago before the pandemic, global supply chain issues, and inflationary pressures,\" said Oleg Khaykin, VIAVI's President and Chief Executive Officer.\nKhaykin added, \"I am also pleased with VIAVI's performance and momentum during the fiscal Q4 2022, resulting in record revenue and record fourth quarter profitability driven by Fiber-to-the-Home deployment, 400GbE network and data center upgrades, and the investments in O-RAN network expansions.\"\nFinancial Overview:\nThe tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled \"Use of Non-GAAP (Adjusted) Financial Measures....