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Product category: Optical Transceivers, Transponders and Repeaters
News Release from: Finisar Corp
Edited by the Electronicstalk Editorial Team on 13 June 2003

Finisar revenues increase despite
environment

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Finisar Corp has reported its financial results for its fourth quarter and fiscal year ended 30th April 2003.

Finisar Corp has reported its financial results for its fourth quarter and fiscal year ended 30th April 2003 Total revenues of $39.8 million in the fourth quarter of fiscal 2003 were up 3% on a sequential basis from $38.7 million in the third quarter but down 6% from $42.1 million in the fourth quarter of the prior year

Total revenues from the sale of optical components and subsystems of $33.4 million in the fourth quarter were up 5% on a sequential basis from $31.9 million in the third quarter but down 2% from $34.1 million in the fourth quarter of the prior year.

Sales of network test and monitoring tools of $6.4 million in the fourth quarter were down 7% on a sequential basis from $6.8 million in the third quarter and 21% from $8.0 million in the fourth quarter of the prior year.

The company also reported that cash and short-term investments increased by $8.9 million to $119.4 million as of 30th April 2003, from $110.5 million as of 31st January 2003.