Oclaro Announces Fourth Quarter and Fiscal Year 2018 Financial Results
OCLARO (OCLR)
Last oclaro earnings: 11/8 04:05 pm
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US:NASDAQ Investor Relations:
investor.oclaro.com/investor-relations
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Source: PR Newswire
SAN JOSE, Calif., Aug. 13, 2018 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced its financial results for the fourth quarter and fiscal year 2018, which ended June 30, 2018. Oclaro will not hold an earnings call, nor provide forward guidance for the first quarter of fiscal year 2019, due to the previously announced proposed acquisition of Oclaro by Lumentum Holdings Inc."I am very happy with the results that the Oclaro team delivered both for our Q4 and full fiscal year 2018. Despite the negative revenue impact of U.S. Department of Commerce sanctions that prevented us from shipping to ZTE during Q4, we had another strong quarter. We once again had a record revenue quarter for our ACO product families and our high-speed, data center laser chips. Our non-GAAP gross margin and operating income remained strong, enabling us to generate $19 million in cash," said Greg Dougherty, CEO of Oclaro. "During fiscal
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