News Article
Oclaro reveals its financial standing within telecommunications sector
Oclaro has revealed in a new report that 15 per cent of its revenue came from Huawei Technologies, for the three months ended January 2nd 2010.
Oclaro has filed a document with the United States Securities and Exchange Commission which details its financial statements and stockholders equity, as well as its current operations and plans.
According to the Oclaro report, for the three and six months ended January 2nd 2010, the firm s primary operating segment is in the telecommunications sector, which addresses the optical communications market.
For the three months ended January 2nd 2010 Nortel Networks accounted for 15 per cent of Oclaro s revenue, Huawei Technologies represented the same amount and Cisco Systems provided ten per cent of its revenue.
Its advanced photonics solutions segment is its second main operating section and oversees the design, manufacture, marketing and selling of photonics and optics for printing, medical, material processing and consumer application markets.
Previously commenting on the financial strength of Oclaro, its chief executive officer and president Alain Couder said: "Generating positive cash flow, on top of ten per cent sequential revenue growth, in our second full quarter since the creation of Oclaro, is a significant accomplishment."
According to the Oclaro report, for the three and six months ended January 2nd 2010, the firm s primary operating segment is in the telecommunications sector, which addresses the optical communications market.
For the three months ended January 2nd 2010 Nortel Networks accounted for 15 per cent of Oclaro s revenue, Huawei Technologies represented the same amount and Cisco Systems provided ten per cent of its revenue.
Its advanced photonics solutions segment is its second main operating section and oversees the design, manufacture, marketing and selling of photonics and optics for printing, medical, material processing and consumer application markets.
Previously commenting on the financial strength of Oclaro, its chief executive officer and president Alain Couder said: "Generating positive cash flow, on top of ten per cent sequential revenue growth, in our second full quarter since the creation of Oclaro, is a significant accomplishment."
