JDS Uniphase revenue rises on demand for networking products

Wed Oct 30, 2013 4:30pm EDT

Oct 30 (Reuters) - JDS Uniphase Corp reported a 2 percent rise in first-quarter revenue, driven by higher demand for its products from network-gear makers.

Net revenue rose to $429 million in the quarter ended Sept. 28, from $420.9 million a year earlier.

JDS reported a profit of $0.3 million, or breakevern per share, compared with a loss of $11.6 million, or 5 cents per share.

JDS makes instruments and test tools to deploy and optimize communications equipment and broadband networks for customers such as AT&T Inc, Time Warner Cable Inc and Verizon Communications Inc.

It also supplies equipment to network-gear makers such as Cisco Systems Inc.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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