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Finisar Announces 3Q Results

Finisar Corporation announces third quarter financial results
March 04, 2008

SUNNYVALE, Calif. -- Finisar Corporation (NASDAQ: FNSR), a technology leader in gigabit fiber optic solutions for high-speed data networks, today announced financial results for its third fiscal quarter ended January 27, 2008.

FINANCIAL HIGHLIGHTS - THIRD QUARTER ENDED JANUARY 27, 2008

Financial Results

  • Revenues of $112.7 million, a new record for the Company, were up 12.0%
    sequentially from $100.7 million in the second quarter and 4.9% from
    $107.5 million in the third quarter of the prior year. These results
    were in line with the Company's preannouncement on February 6, 2008
    wherein management indicated that third quarter revenues would be
    approximately $112 million.
  • Among the factors contributing to the $12 million sequential increase
    in revenues were:
  1. Revenues from 10/40 Gbps products increased to approximately $29.1
    million in the quarter, up $10.9 million from $18.2 million in the
    prior quarter. Of this increase:

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