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8 February 2008


Finisar’s record revenue driven by 10-40Gb/s products

On the basis of preliminary financial results for its fiscal third-quarter 2008 (ended 27 January 2008), fiber-optic component and subsystem maker Finisar Corp of Sunnyvale, CA, USA expects to report record revenue of $112m (exceeding its guidance of $104-108m).

This is up 4% on $107.5m a year ago and up 11% on last quarter’s $100.7m, due to revenues from 10 and 40Gb/s products rising to about $29m (up 61% on $18m last quarter), including:

  • $8m from increased shipments of SFP+, XFP and X2 transceivers for 10Gb/s Ethernet and SONET applications;
  • $2m from 40Gb/s 300-pin transponders that we were unable to ship in the second quarter due to firmware problems (corrected during the third quarter);
  • more than $2m from 8 Gigabit Fibre Channel SAN (storage-area network) transceivers .

During the quarter, the firm’s balance of cash and investments that could be readily converted into cash rose from $115m to about $122m.

For its fiscal fourth-quarter 2008, Finisar expects revenues of $110-115m (roughly flat on Q3).

Finisar will release full third-quarter results on 3 March 2008.

See related item:

Finisar’s revenues dip due to 10/40Gbps shipment glitches

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