Q4 2024 Viavi Solutions Inc Earnings Call Transcript
Key Points
- Viavi Solutions Inc (VIAV) reported net revenue of $252 million for the fourth quarter, which was at the midpoint of their guidance range.
- Operating margin for the fourth quarter was 10.9%, above the midpoint of the guidance range.
- OSP revenue for the quarter was $69.8 million, exceeding the high end of the guidance range, driven by strength across all products.
- The company anticipates a gradual recovery in demand in the second half of fiscal 2025.
- Viavi Solutions Inc (VIAV) is seeing strong demand in its mil-aero business, which is expected to continue throughout fiscal 2025.
- Fourth-quarter revenue was down 4.4% year-over-year, reflecting a challenging market environment.
- Full-year revenue was $1 billion, down 9.6% year-over-year, primarily due to conservative spending by service providers and NEMs.
- NSE revenue for the quarter was at the lower end of the guidance range, with a year-over-year decline of 7.9%.
- The company initiated a restructuring plan, impacting approximately 6% of the global workforce, to improve operational efficiencies.
- Viavi Solutions Inc (VIAV) expects continued conservative spending by service providers and NEMs in the first half of fiscal 2025.
Hello, everyone. My name is Emma. Welcome to the Viavi Solutions fourth-quarter and full-year 2024 earnings call. (Operator Instructions) I will now turn the conference over to Vibhuti Nayar, Viavi Solutions, Head of Investor Relations. Please go ahead.
Thank you, Emma. Good afternoon, everyone, and welcome to Viavi Solutions fourth-quarter and full-year 2024 earnings call. My name is Vibhuti Nayar, Head of Investor Relations for Viavi Solutions. And with me on today's call is Oleg Khaykin, our President and CEO; and Ilan Daskal, our CFO.
Please note, this call will include forward-looking statements about the company's financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. We encourage you to review our most recent annual report and SEC filings, particularly the risk factors described in those filings. The forward-looking statements, including the guidance that we
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