| | | From Semiconductor Today:
"We are still sold out for a number of products and continue to add capacity to meet the strong demand,"
semiconductor-today.com
12 September 2016
Finisar quarterly revenue grows a more-than-expected 7%, driven by 22% growth in 100G datacom transceiversFor its fiscal first-quarter 2017 (ended 31 July 2016), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported record revenue of $341.3m, up 7.1% on $318.8m last quarter and up 8.7% on $314m a year ago.
There were again two 10%-or-greater customers. The top 10 customers represented 60.2% of total revenue, up from 56.4% last quarter.
Datacom product sales were $243.4m, up 4.3% on $233.3m a year ago and up 0.2% on $242.9m last quarter. Growth was driven primarily by strong demand for 100Gb/s transceivers (including CFP, CFP2, CFP4 and QSFP28 form factors) offset partially by a decline in sales of transceivers for wireless applications and in 40G transceivers (to about 20% of datacom revenue). Excluding transceivers for wireless applications, datacom revenue rose by 3.1% sequentially. In particular, sales of 100G transceivers for datacom applications were up 21.8% on last quarter and 115.8% on a year ago. QSFP28 sales especially more than doubled in fiscal Q1.
Telecom product sales were $97.9m, up 21% on $80.7m a year ago and up 29% on $75.9m last quarter. Growth was due to higher sales of wavelength-selective switches (WSS, growing more than the expected 10%) as well as coherent receivers and 100G transceivers. Growth was boosted by a broad rebound in demand for other telecom products (including amplifiers and both tunable and fixed-wavelength 10G transceivers) following an unexpected decline in a variety of products last quarter.
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"We are still sold out for a number of products and continue to add capacity to meet the strong demand," notes Rawls. "Some of our capacity expansion investments include a 100G client-side transceivers, QSFP28, wavelength-selective switches, line-cards, 25G lasers and our 100G and 200G coherent CFP2-ACO transceivers," he adds.
"In fiscal 2017, we expect to benefit from the ramp of many new products," says Rawls. "Revenue growth will be driven by data-center construction, 100G upgrades and the increased deployment of ROADMs and 100Gb/s and 200Gb/s coherent transceivers in telecom long-haul and metro markets." |
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