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8 October 2012

Oclaro reports preliminary quarterly revenue below guidance

For its first fiscal-quarter 2013 (to 29 September 2012), optical communications and laser component, module and subsystem maker Oclaro Inc of San Jose, CA, USA has reported preliminary revenue of about $149m, below the low end of its guidance of $154-168m issued on 31 July.

On 23 July, the merger closed between Oclaro and optical component, module and subsystem maker Opnext Inc of Fremont, CA, USA. The first fiscal quarter includes revenue from the former Opnext subsequent to the close of the merger.

Oclaro says that certain principal factors that contributed to the lower-than-expected revenue include:

  • continued challenging market conditions in the segments of the optical communications space that Oclaro serves;
  • slower-than-expected recovery of customer share of certain products to pre-flood levels, including certain data communications products; and
  • slower-than-expected ramp of new products, in particular certain customer-qualified new 40G and 100G products.

“Following the merger, our integration activities are on track to execute our synergies, and our customer relationships are strong,” notes chairman & CEO Alain Couder. “We expect these factors to strengthen our future performance and expect revenues to be up in the December quarter,” he adds. 

Oclaro cautions that its anticipated revenue results are preliminary and based on the best information currently available, and are subject to completion of its financial statements for fiscal first-quarter 2013.

Tags: Oclaro


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