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Test acquisition improves results for JDS Uniphase

Posted by iTech - 2005-11-10

Broadband and optical components supplier JDS Uniphase Corp. posted a net loss of $67.0 million, or 4 cents per share on sales of $258.3 million in its first fiscal 2006 quarter ended September.

By comparison, JDS Uniphase lost $145.7 million, or 10 cents per share on sales of $170.9 million the previous quarter and lost $36.0 million, or 2 cents per share on sales of $194.5 million in the year-ago quarter.

JDS Uniphase (San Jose) has made several acquisitions this year, including test company Acterna in May for $760 million to form JDS’ communications test and measurement segment. That business contributed $95.4 million, or 37 percent of the company’s total non-GAAP revenue during the quarter.

For the second fiscal 2006 quarter ending December, JDS Uniphase expects revenue of $300 to $320 million.

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