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Created August 23, 2016

Oclaro, Inc., a provider of optical communications solutions, has announced the financial results for its fourth quarter and fiscal year 2016, which ended July 2, 2016.

In its Q4 trading period (a 14 week quarter), revenues were $125.2m, which compare with $101.1m in Q3, and revenues of $82.2 million in Q4 2015. Non-GAAP gross margin was 32.4% for Q4 compared with 27.2% in Q3, 2016, and 19.9% in Q4 of 2015. Non-GAAP operating income was $14.9m for Q4 2016, compared with non-GAAP operating income of $4.6m in Q3 2016, and a non-GAAP operating loss of $5.4m in Q4 2015.

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