Finisar Corporation Announces Earnings Results for Fourth Quarter and Full Fiscal Year Ended May 1, 2016; Provides Earnings Guidance for the First Quarter of Fiscal 2017
For the year, the company reported revenues of $1,263,166,000 against $1,250,944,000 a year ago. Operating income was $41,022,000 against $26,794,000 a year ago. Net income was $35,193,000 against $11,887,000 a year ago. Diluted income per share was $0.32 against $0.11 a year ago. Non-GAAP operating income was $112,333,000 against $116,071,000 a year ago. Non-GAAP net income was $109,817,000 against $110,376,000 a year ago. Diluted non-GAAP income per share was $1.01 against $1.04 a year ago.
The company indicated that for the first quarter of fiscal 2017 it currently expects revenues in the range of $323 to $343 million, non-GAAP gross margin of approximately 31%, non-GAAP operating margin of approximately 9.9% to 10.9%, and non-GAAP earnings per fully diluted share in the range of approximately $0.27 to $0.33. CapEx expected to be $30 million. Non-GAAP gross margin expected to be approximately 31%.