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Earnings Call Summary | Viavi Solutions(VIAV.US) Q3 2024 Earnings Conference

Futu News ·  May 4 00:59  · Conference Call

The following is a summary of the Viavi Solutions Inc. (VIAV) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • Viavi Solutions reported Q3 revenue of $246 million, a decrease of 3.3% sequentially and 0.7% year-on-year.

  • Operating margin stood at 9.3%, down 390 basis points from the previous quarter and 210 basis points year-on-year.

  • Earnings per share were $0.06, a decline from the previous quarters.

  • The company's cash and short term investments were $486.1 million at the end of the quarter.

  • The Network Enablement Services revenue fell by 4.2% year-on-year but the Optical Security and Performance Products segment reported an increase of 8.1% year-on-year.

Business Progress:

  • Recent delays in orders have affected the company's overall business.

  • Despite a decline in sales due to reduced demand in the 5G infrastructure segment, the company continues to develop this area.

  • The company anticipates a growth in the cable, fiber computing, and storage businesses in the second half of the year.

  • Increased demand in the aerospace and defence sector is expected to boost the avionics, communication, and PNT business.

  • Looking forward to 2025, the company foresees a significant replacement need for the older instrument installed base.

More details: Viavi Solutions IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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