Viavi (NASDAQ: VIAV) reported Q1 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $229.7 million versus the consensus estimate of $212.79 million.

"We delivered solid execution on our first fiscal quarter results as Viavi Solutions. Revenue, operating margin and earnings per share met or exceeded the high end of our guidance range," said Rick Belluzzo, Viavi's Interim President and Chief Executive Officer. "Our OSP business reported record revenue and profitability, while Network Enablement demonstrated signs of business stabilization and Service Enablement saw growth in Location Intelligence and Enterprise, both of which are high-growth markets."

Belluzzo added, "Positive changes are happening in the organization with a new go-to market strategy to drive revenue growth as well as optimizing our operational infrastructure to improve profitability. We are off to a good start in what we expect to be a transformational fiscal year."

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