News

11 November 2010

 

Finisar expects sixth quarter of double-digit growth to record $240–241m

On the basis of preliminary financial results (subject to adjustment), for its fiscal second-quarter 2011 (to end-October 2010) fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA expects to report a sixth consecutive quarter of double-digit sequential revenue growth to a record $240–241m (above September’s guidance of $215–230m).

Fiscal	Q2/2010	Q3/2010	Q4/2010	Q1/2011
Revenue	$145.7m	$166.9m	$188.5m	$207.9m

This is up 65% on $145.7m a year ago and up 15.7% on $207.9m last quarter (accelerating from last quarter’s growth rate of 10.3%), driven by increased demand for a broad range of LAN/SAN and metro/telecom products.

As a result of the higher-than-expected revenue and the product mix, the firm forecasts non-GAAP gross margin of 35.5% and operating margin of 16.5–17% (exceeding September’s guidance of 14–15%). Non-GAAP earnings per share should be $0.41–0.43 (up from $0.31 last quarter and $0.11 a year ago).

For fiscal third-quarter 2011 (to end-January), Finisar expects revenue to rise to $247–262m.

Finisar will report its full financial results for fiscal Q2 on 1 December.

See related items:

Finisar’s fifth quarter of double-digit growth yields record revenue of $207.9m

Finisar’s quarterly revenue rises 12.9% to record $188.5m

Finisar grows 32.4% year-on-year

Finisar’s capacity constraints suppress profit margin despite upturn

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