|Oclaro Announces Second Quarter Fiscal Year 2017 Financial Results|
"Our December quarter was very strong with improvement in all our financial metrics. Revenue increased 14 percent from the first quarter of fiscal 2017, and 64 percent from the same quarter last year, with demand for our newer 100G and beyond products driving this excellent growth. In addition, we had record gross margin and operating income resulting from higher revenue, a richer product mix, and favorable foreign exchange rates," said Greg Dougherty, Chief Executive Officer, Oclaro. "We currently forecast revenue to increase again in the March quarter, driven by healthy demand across the multiple markets we serve."