- Viavi reported results for its third fiscal quarter ended March 31, 2018.
- Net revenue of $219.4 million, up $23.4 million or 11.9% year-over-year.
- GAAP operating margin of 0.2%, up 800 bps year-over-year.
- Non-GAAP operating margin of 15.1%, up 320 bps year-over-year
GAAP : Generally Accepted Accounting Principles.
Third quarter of fiscal 2018 net revenue was $219.4 million. GAAP net loss was $(8.7) million. Non-GAAP net income was $29.2 million.
Second quarter of fiscal 2018 net revenue was $201.8 million. GAAP net loss was $(3.7) million. Non-GAAP net income was $20.2 million.
Third quarter of fiscal 2017 net revenue was $196.0 million. GAAP net income was $26.0 million. Non-GAAP net income was $21.9 million.
“During the quarter, we completed the acquisition of the AvComm and Wireless Test and Measurement businesses of Cobham. The acquisition is expected to be immediately accretive to non-GAAP earnings in fiscal Q4”, said Oleg Khaykin, Viavi’s President and Chief Executive Officer.