JDSU takes revenue hit, reports deeper loss

JDS Uniphase, the vendor of test-and-measurement systems and optical components, reported about $276.1 million in revenue for its fiscal fourth quarter, after earlier telling analysts that it would not make their projections for $290 in revenue. The fourth quarter number was also well off the fourth quarter 2008 mark of $390 million. The company also reported a net loss of $59.5 million, deeper than the $29.8 million loss a year ago.

JDSU has added to both sides of its business through acquisition in the last year or two, acquiring Finisar's Network Tools Division last month and Circadiant last year to boost the T&M business, and bought Westover Scientific at the beginning of 2008. However, the company also has suffered job cuts and office site consolidations that are ongoing, and one-time CEO Kevin Kennedy left the company for Avaya.

For more:
Light Reading has the earnings story

Related articles
Kennedy left JDSU late last year
JDSU announced the Finisar deal last month

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