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JDSU reveals increased net revenue is down to 'focus on innovation'

The president and chief executive officer of JDSU has asserted that its innovative technology - which includes using compound semiconductors for PV devices - has helped to bolster its financial standing.
JDSU has revealed its results for its second fiscal quarter ended January 2nd 2010, which saw net revenue total $342.9 million (£216 million), a rise from the $297.8 million for the previous quarter.

On a non-generally accepted accounting principles basis, net revenue for the second quarter stood at $343.8 million, an increase from the $298.6 million experienced for the prior quarter.

Tom Waechter, JDSU s president and chief executive officer, said the financial results highlight how the company has performed well in all of its business segments.

"Our continued focus on innovation remains a key component in driving long-term top line growth and profitability for JDSU," he added.

Revenue from the advanced optical technologies segment increased from the previous quarter to $54.6 million, a three per cent rise from the second quarter of fiscal 2009.

JDSU aims to advance photovoltaic technology with compound semiconductor materials like gallium arsenide, indium phosphide and indium gallium arsenide phosphide.ADNFCR-2855-ID-19597323-ADNFCR
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