JDSU Posts Strong Q2 Earnings  

February 1, 2013 · Posted by Noël Bilodeau
0  Comments · Permalink

It’s an upbeat week at JDSU! On Wednesday, we announced positive results for the second quarter of fiscal year 2013 with a profit of $4.1 million, or 2 cents per share, on revenues of $429.4 million. Revenue was at the top of our guidance range and operating margins exceeded expectations across all three business segments.

Here’s what our CEO Tom Waechter had to say:

“We are pleased with the progress we’ve made in aligning our product portfolio with customer spending priorities, resulting in a high percentage of revenue from new products and a positive impact on financial results. We are well-positioned for growth opportunities in 2013.”

While a multitude of media stories, analyst reports and tweets are still flowing in about our strong results, many are also indicating that improved demand in the optical industry combined with plans for increased spending from some of the largest service providers will help improve the network industry climate throughout 2013.


JDSU Highlights

There were many great highlights this quarter - here's my perspective:
Collaborative innovation is on a roll.
-New products accounted for more than half (54 percent) of network revenue for the seventh straight quarter in a row.
New optical solutions are on track to improve network performance & agility.
-JDSU’s Twin 1X20 wavelength selective switch (WSS) product will be ready for release in the spring.
-Other TrueFlex products have received excellent customer feedback and will also be ready for general availability this spring.
-Optical solutions supporting 40-100G transmission continue to grow as a result of new customer programs introduced in Q2.
Rise in mobility, the cloud, ethernet & 100G platforms are increasing need for innovative network test solutions.
-JDSU test and measurement solutions were at the high end of guidance driven by these technology trends.
-JDSU grew its mobility business by 10 percent year over year as it leveraged recent acquisition in wireless test.
-PacketPortal is now up to 11 customers and 23 completed trials.
-JDSU introduced StrataSync, a new way to manage test instruments from the cloud that gives instant access to network data generated by those instruments while also increasing the productivity of field technicians.
Central banks want to make it harder for criminals to replicate banknotes.
-Many central banks are looking at next-generation overt features to include on upcoming re-designs of banknotes. These are features that are easy for people to identify on a bill but hard for counterfeiters to replicate, like color shifting images.
-38 banks are now using our optically variable magnetic pigments (OVMP) on their currencies. That’s up from 20 banks last quarter.
-Next up, our pigment will be included on the new 5 Euro note expected in May.
Markets for lasers and gesture recognition continue to grow.
-Customers are in trials with a newer version of our Q-Series laser that is used for semiconductor processing and for other types of micro-machining that require high speeds and precision during the cutting process.
-Revenue from our high-power fiber lasers for macro machining grew from last quarter.
-We signed a fourth customer for gesture recognition, showing that growing interest in this emerging market is translating into real business opportunities.
In closing…
As always, Tom thanked JDSU employees for a great Q2 and encouraged us to stay focused on our company’s strategic initiatives. With this continued focus, he reinforced that we are well positioned for 2013 and beyond.

Categories:2013 Trends · Anti-Counterfeiting Technology · Broadband · Enterprise · Lasers · LTE · Mobility · Optical Communications · Quarterly Roundup · The Cloud




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