As quarterly numbers continue to come in from network testing and monitoring companies, Viavi Solutions reported revenues up 11.9% year-over-year to $219.4 million, driven by strength in its network and service enablement unit and its optical, security and performance unit — however, the company didn’t quite hit the black for the quarter. Viavi’s net loss for the quarter was $8.7 million, compared to profits of $26 million in the same period last year.
During the quarter, Viavi bought Cobham’s AvComm and wireless test and measurement operations for $455 million. Oleg Khaykin, president and CEO of Viavi, said that the purchase is expected to add to earnings in Viavi’s next fiscal quarter and that the company is “excited about the growth opportunities in the emerging 5G wireless market and AvComm’s military, public safety and avionics test markets.
