Aviat Networks Reveneue Down, but Losses No Worse
Published on: 1st Feb 2012
Note -- this news article is more than a year old.
Aviat Networks has reported that its revenues for the second quarter of fiscal year 2012 (ended 31st Dec 2011), was USD105 million, compared with $115.3 million in the year ago quarter.
Revenue and results of operations from the WiMAX business are classified as discontinued operations for all periods presented. The company reported a net loss, including discontinued operations, of USD12.8 million which was roughly flat compared to a year ago.
Loss from continuing operations was USD10 million.
Cash and cash equivalents were $84.3 million as of December 30, 2011 compared with $87.6 million as of the end of the prior quarter.
Revenue in the North America segment was $44.2 million in the second quarter of fiscal 2012, compared with $40.3 million a year ago. International revenue was $60.8 million, compared with $75.0 million a year ago.
"We are pleased with another solid quarter across the board," said Michael Pangia, president and CEO, Aviat Networks. "Our global team executed as planned and we overcame the challenges in Thailand from the recent flooding. Given the progress and momentum we have made in meeting our commitments in the first half of our fiscal year 2012, we are confident that we are on track to meet our key objectives during the remainder of this year."
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