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Created July 11, 2016

Finisar, a global technology leader for subsystems and components for fibre optic communications, announced in June financial results for its fourth quarter and full fiscal year 2016, ended May 1, 2016.
 
“Revenues for our fourth fiscal quarter were $318.8m, an increase of $9.6m, or 3.1% compared to the prior quarter, primarily driven by growth in demand for 40G and 100G transceivers for datacom applications including CFP, CFP2, CFP4, QSFP and QSFP28 form factors. Better than expected gross margins, due to favourable product mix, and lower expenses resulted in earnings per fully diluted share exceeding the upper end of our prior guidance range,” said Jerry Rawls, Finisar’s Chief Executive Officer.

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