19 January 2017

Oclaro expecting quarterly revenue at high end of $146-154m guidance

In releasing preliminary unaudited financial results for fiscal second-quarter 2017 (to end-December 2016), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) says that it expects revenue of $153.5-154m (up on the record $135.5m last quarter), at the high end of the $146-154m guidance given on 1 November. "100G-and-beyond sales again exhibited excellent growth," notes CEO Greg Dougherty.

On a non-GAAP basis (excluding the effect of about $0.5m of stock-based compensation), gross margin should be about 40%, above the 33-36% guidance and up from the record 34.4% last quarter.

Non-GAAP operating income (excluding $2.6m of stock-based compensation and $0.2m of amortization of other intangible assets) is expected to be about $36m, above the $22-26m guidance and up from the record $20.9m last quarter.

"Our performance was driven by strong execution, a richer product mix, and favorable foreign exchange rates," says Dougherty.

Oclaro's full fiscal second-quarter 2017 results will be released on 31 January.

See related items:

Oclaro revenue grows for fifth consecutive quarter, up 55% year-on-year, driven by 100G

Tags: Oclaro

Visit: www.oclaro.com