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Lumentum senses auto lidar opportunity from 2022


Lumentum senses auto lidar opportunity from 2022
03 Feb 2021
Photonics giant Lumentum has posted a solid increase in both sales revenues and income in its latest financial quarter, adding that next year should see the start of a steady ramp in demand for its components to be used in automotive lidar applications.
CEO Alan Lowe and colleagues revealed sales of $479 million for the quarter ending December 26, up around 5 per cent on the same period a year earlier.
At $98.1 million, pre-tax income for the quarter was 70 per cent higher than in the closing calendar quarter of 2019.
Lowe pointed to continued strong momentum in the communications sector as the key driver of that improvement, highlighting the significance of photonics technology in the global reaction to the Covid-19 pandemic. ....

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Lumentum Holdings Inc (LITE) Q2 2021 Earnings Call Transcript


Operator
Good day, everyone, and welcome to the Lumentum Second Quarter Fiscal Year 2021 Earnings Call. [Operator Instructions]
At this time, I d like to turn the conference call over to Jim Fanucchi of Darrow Associates. Sir, please go ahead.
Jim Fanucchi
Managing Director/Head of West Coast Operations
Thank you, operator. Welcome to Lumentum s second quarter fiscal year 2021 earnings call. This is Jim Fanucchi from Darrow Associates, assisting Lumentum with its investor relations. Joining the call today from the company s management team, we have Alan Lowe, President and Chief Executive Officer; Wajid Ali, Chief Financial Officer; and Chris Coldren, Senior Vice President of Strategy and Corporate Development. ....

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