Oclaro’s Q2 2017 financial results ‘exceed guidance’
Created February 6, 2017
Optical communications solutions developer Oclaro has announced selected preliminary unaudited financial results for the second quarter of fiscal 2017, which ended December 31, 2016.
Preliminary unaudited Q2 2017 financial highlights include the following: revenue of $153.5m-$154.0m, at the high end of the prior guidance of $146m to $154m provided on November 1, 2016; non-GAAP gross margin of approximately 40%, above the prior non-GAAP guidance of 33-36%; non-GAAP operating income of approximately $36m, above the prior non-GAAP guidance of $22m to $26m. Non-GAAP operating income excludes $2.6m of stock-based compensation and $0.2m of amortization of other intangible assets.