The following is a summary of the Viavi Solutions Inc. (VIAV) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Viavi Solutions reported Q3 revenue of $246 million, a decrease of 3.3% sequentially and 0.7% year-on-year.

• Operating margin stood at 9.3%, down 390 basis points from the previous quarter and 210 basis points year-on-year.

• Earnings per share were $0.06, a decline from the previous quarters.

• The company's cash and short term investments were $486.1 million at the end of the quarter.

• The Network Enablement Services revenue fell by 4.2% year-on-year but the Optical Security and Performance Products segment reported an increase of 8.1% year-on-year.

Business Progress:

• Recent delays in orders have affected the company's overall business.

• Despite a decline in sales due to reduced demand in the 5G infrastructure segment, the company continues to develop this area.

• The company anticipates a growth in the cable, fiber computing, and storage businesses in the second half of the year.

• Increased demand in the aerospace and defence sector is expected to boost the avionics, communication, and PNT business.

• Looking forward to 2025, the company foresees a significant replacement need for the older instrument installed base.

More details: Viavi Solutions IR

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