Aviat Networks reports Q4 adjusted EPS 87c, consensus 86c

Reports Q4 revenue $91.2M, consensus $88.98M. “This quarter’s strong performance concluded an exciting fiscal 2023 for Aviat Networks” said Pete Smith, President and CEO of Aviat Networks. “The Aviat team executed well on our strategic goals which resulted in our third consecutive year of double-digit revenue growth.” Smith continued, “During fiscal 2023, we successfully integrated the Redline Communications acquisition, which exceeded our commitment for the year. We won significant new business internationally, including Bharti Airtel in India. Additionally, we ended the year with a backlog of $289 million, up 18% versus last year. These accomplishments create a foundation to execute our fiscal 2024 objectives.”