JDSU reported net revenue for the fourth quarter of its fiscal 2011 was $471.8 million and net income was $9.3 million, or $0.04 per share. This compares to net revenue of $454.0 million and net income of $38.6 million, or $0.16 per share for the prior quarter, and net revenue of $390.9 million and net income of $1.5 million, or $0.01 per share for the fourth fiscal quarter of 2010.
For fiscal 2011, net revenue of $1,804.5 million increased 32.3% from $1,363.9 million for fiscal 2010. The net income for fiscal 2011 of $71.6 million, or $0.31 per share, compares to a net loss of $(61.8) million, or $(0.28) per share, for fiscal 2010.
“JDSU delivered solid fiscal fourth quarter and full year financial results. Revenue for the year grew over 32% and operating profits more than doubled,” said Tom Waechter, JDSU’s President and Chief Executive Officer. “Currently we are seeing macro-economic challenges and inventory corrections which we believe will be short-term in nature as the end market drivers remain strong.” http://www.jdsu.com
