SANTA CLARA, Calif.,
Jan. 9, 2012 /PRNewswire/ -- Aviat
Networks, Inc. (NASDAQ: AVNW), a leading expert in wireless
transmission solutions, today reaffirmed guidance for its second
quarter of fiscal 2012. Revenue for the second quarter
is expected to be in the range of $100 to
$110 million.
"During our second quarter, both bookings and revenue remained
solid and our business visibility improved," said Michael Pangia, CEO. "During our earnings call
in November 2011, we indicated that
we would be assessing the impact of the natural disaster in
Thailand. We're gratified to report that our contract
manufacturing facility in Thailand
has recovered from the recent flooding and is now fully
operational. We managed to minimize the impact to our customers on
November and December deliveries through our safety stock inventory
and swift execution of our Disaster Recovery Process. We continue
to work closely with our supply chain to ensure a return to
standard lead-times by the end of January. We look forward to
discussing overall business trends, as well as earnings results in
more detail on our regularly-scheduled earnings call on
February 1, 2012."
Q2 2012 Financial Results and Conference Call
Information
Today's announcement is based on management's preliminary
analysis of operations for the quarter ended December 30, 2011. Aviat Networks will report
full financial results for its second quarter fiscal 2012 during
its regularly scheduled earnings announcement on February 1, 2012 after the close of the market.
The company will host a conference call at 4:30 p.m. ET that same day to discuss its
financial results. To listen to the live conference call, please
dial 480-629-9771 or toll free at 800-762-8779 access code
4503833 by 4:20 p.m. ET. A replay
also will be available starting approximately one hour after the
completion of the call until February 8,
2012. To access the replay, dial 303-590-3030 or toll free
at 800-406-7325 access code 4503833.
About Aviat Networks
Aviat Networks, Inc. is a leader in wireless transmission
solutions. We apply innovation and IP networking expertise toward
building a carrier class foundation for future mobile and fixed
broadband networks. With more than 750,000 systems installed around
the world, Aviat Networks has built a reputation as a leader in
offering best-of-breed solutions including LTE-ready microwave
backhaul and a complete portfolio of service and support options to
public and private telecommunications operators worldwide.
With a global reach and local presence in more than 46 countries,
Aviat Networks works by the side of its customers allowing them to
quickly and cost effectively seize new market and service
opportunities. Aviat Networks, formerly Harris Stratex Networks
Inc., is headquartered in Santa Clara,
California and is listed on NASDAQ (AVNW). For more
information, please visit www.aviatnetworks.com or join the
dialogue at www.twitter.com/aviatnetworks.
Forward-Looking Statements
The information contained in this document includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 21E of the
Securities Exchange Act and Section 27A of the Securities Act. All
statements, trend analyses and other information contained herein
about the markets for the services and products of Aviat Networks,
Inc. and trends in revenue, as well as other statements identified
by the use of forward-looking terminology, including "anticipates",
"believe", "plan", "estimate", "expect", "goal", "will", "see",
"continues", "delivering", "view", and "intend", or the negative of
these terms or other similar expressions, constitute
forward-looking statements. These forward-looking statements are
based on estimates reflecting the current beliefs of the senior
management of Aviat Networks. These forward-looking statements
involve a number of risks and uncertainties that could cause actual
results to differ materially from those suggested by the
forward-looking statements. Forward-looking statements should
therefore be considered in light of various important factors,
including those set forth in this document. Important factors that
could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include the
following:
- continued price erosion as a result of increased competition in
the microwave transmission industry;
- the impact of the volume, timing and customer, product and
geographic mix of our product orders;
- our suppliers' inability to perform and deliver on time as a
result of their financial condition, component shortages or other
supply chain constraints;
- our ability to meet projected new product development dates or
anticipated cost reductions of new products;
- customer acceptance of new products;
- the ability of our subcontractors to timely perform;
- continued weakness in the global economy affecting customer
spending;
- retention of our key personnel;
- our ability to manage and maintain key customer
relationships;
- uncertain economic conditions in the telecommunications sector
combined with operator and supplier consolidation;
- the timing of our receipt of payment for products or services
from our customers;
- our failure to protect our intellectual property rights or
defend against intellectual property infringement claims by
others;
- the effects of currency and interest rate risks; and
- the impact of political turmoil in countries where we have
significant business.
For more information regarding the risks and uncertainties for
our business, see "Risk Factors" in our Form 10-K filed with the
U.S. Securities and Exchange Commission ("SEC") on September 12, 2011 as well as other reports filed
by Aviat Networks, Inc. with the SEC from time to time. Aviat
Networks undertakes no obligation to update publicly any
forward-looking statement for any reason, except as required by
law, even as new information becomes available or other events
occur in the future.
SOURCE Aviat Networks, Inc.