2020-11-05 16:22:53 VIAV Viavi
11/05/20 11/0516:22 11/05/2016:22 | Viavi reports Q1 non-GAAP EPS 21c, consensus 17cReports Q1 revenue $284.7M, consensus $277.25M. "Our OSP business segment delivered an all-time record quarterly revenue driven by strong demand in 3D Sensing and Anti-Counterfeiting products. Together with a stabilizing demand environment in NSE and operating expense control, we achieved a non-GAAP EPS at 21c which exceeded both the guidance range and a year ago levels," said CEO Oleg Khaykin. "We expect NSE revenue to continue recovering and strengthen sequentially driven by Field Instruments. OSP strength is expected to continue with modest pullback in 3D Sensing and Anti-Counterfeiting products, inline with fiscal Q2 seasonality. The near-term macroeconomic uncertainty notwithstanding, we expect calendar 2021 to be a growth year driven by the secular demand for 5G Wireless, Fiber and 3D Sensing." |
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