Viavi (VIAV) Tops Q2 EPS by 4c, Offers Q3 Guidance

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Viavi Appoints Oleg Khaykin as Chief Executive Officer

February 2, 2016 4:02 PM EST

MILPITAS, CA -- (Marketwired) -- 02/02/16 -- (NASDAQ: VIAV) Viavi Solutions Inc. ("Viavi"), has appointed Oleg Khaykin as its new President and Chief Executive Officer, effective February 3, 2016. Mr. Khaykin has also been appointed to the Company's Board of Directors. He will replace interim President and CEO Richard E. Belluzzo, who will continue his position as Chairman of the Board of Directors.

Mr. Khaykin brings more than 28 years of industry experience to Viavi. Prior to joining Viavi, Mr. Khaykin was a Senior Advisor with Silver Lake Partners. Before that, Mr. Khaykin was... More

Viavi Announces Fiscal Second Quarter 2016 Results

February 2, 2016 4:01 PM EST

MILPITAS, CA -- (Marketwired) -- 02/02/16 -- Viavi (NASDAQ: VIAV)

GAAP and Non-GAAP net revenue of $232.1 million, up $5.7 million or 2.5% year-over-year GAAP operating margin of 4.0%, up 1,340 bps year-over-year Non-GAAP operating margin of 13.1%, up 470 bps year-over-year GAAP EPS from continuing operations of $0.02, up $0.18 or 112.5% year-over-year Non-GAAP EPS from continuing operations of $0.11, up $0.06 or 120.0% year-over-year Amounts presented below are on a continuing operations basis unless otherwise noted $100 million common stock repurchase program

Viavi (NASDAQ: VIAV) today reported results for its fiscal... More