Viavi reports Q1 adjusted EPS 15c, consensus 13c

Reports Q1 revenue $299.1M, consensus $294.35M. “VIAVI’s (VIAV) first quarter financial performance has exceeded our expectations. Strong demand from the data center ecosystem and aerospace & defense customers was the primary driver behind our strong performance. We expect the strong momentum in these end markets to continue through the fiscal year. Additionally, the acquisition of highly complementary Spirent product lines from Keysight is expected to further strengthen our position in the data center ecosystem and significantly increase our business footprint in this high growth market segment,” said Oleg Khaykin, VIAVI’s President and Chief Executive Officer.