SUNNYVALE, CA -- (Marketwired) -- 06/19/13 -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth quarter and fiscal year ended April 28, 2013.

COMMENTARY

"I am pleased to report fiscal fourth quarter revenues of $243.4 million, which is $5.1 million, or 2.1%, greater than the prior quarter. Our growth in revenues came primarily from sales of 10G and 100G Ethernet transceivers and transponders for datacom applications. Our favorable product mix in the quarter enabled us to achieve gross margin and earnings per diluted share that exceeded our guidance range," said Jerry Rawls, Finisar's executive Chairman of the Board.

"During the quarter, we continued to invest significantly in technology and product development and made substantial progress on a number of new products for our datacom and telecom products lines, including our next generation 100G CFP2 transceiver, 12x25G optical engine and new generation dual wavelength selective switch product family," said Eitan Gertel, Finisar's Chief Executive Officer.

FINANCIAL HIGHLIGHTS - FOURTH QUARTER ENDED April 28, 2013
Summary GAAP Results		Fourth				Third
		Quarter				Quarter
		Ended				Ended
		April 28, 2013				Jan 27, 2013
		(in thousands, except per share amounts)
Revenues		$	243,417			$	238,351
Gross margin			27.7	%			28.5	%
Operating expenses		$	66,941			$	68,841
Operating income (loss)		$	385			$	(797	)
Operating margin			0.2	%			(0.3	)%
Net income (loss)		$	3,879			$	(3,407	)
Income(loss) per share-basic		$	0.04			$	(0.04	)
Income(loss) per share-diluted		$	0.04			$	(0.04	)
Basic shares			93,567				93,097
Diluted shares			96,192				93,097
Summary Non-GAAP Results (a)		Fourth				Third
		Quarter				Quarter
		Ended				Ended
		April 28, 2013				Jan 27, 2013
		(in thousands, except per share amounts)
Revenues		$	243,417			$	238,351
Gross margin			32.2	%			30.7	%
Operating expenses		$	58,295			$	55,816
Operating income		$	20,032			$	17,377
Operating margin			8.2	%			7.3	%
Net income			19,789			$	16,390
Income per share-basic		$	0.21			$	0.18
Income per share-diluted		$	0.20			$	0.17
Basic shares			93,567				93,097
Diluted shares			99,941				99,094

(a) In evaluating the operating performance of Finisar's business, Finisar management utilizes financial measures that exclude certain charges and credits required by U.S. generally accepted accounting principles, or GAAP, that are considered by management to be outside Finisar's core operating results. A reconciliation of Finisar's non-GAAP financial measures to the most directly comparable GAAP measures, as well as additional related information, can be found under the heading "Finisar Non-GAAP Financial Measures" below.

Financial Statement Highlights for the fourth quarter of fiscal 2013:

• Revenues increased to $243.4 million, up $5.1 million, or 2.1%, from $238.4 million in the preceding quarter as continued strength in sales of datacom products was partially offset by lower telecom product revenue primarily as the result of sluggish carrier capital expenditure levels and a full three month impact of annual price reductions for telecom products most of which, as in prior years, went into effect in January.
  
  
• Compared to the preceding quarter, the sale of products for datacom applications increased by $16.3 million, or 11.0%, and the sale of products for telecom applications decreased by $11.2 million, or (12.3)%.
  
  
• Gross margin decreased to 27.7% on a GAAP basis from 28.5% in the preceding quarter, primarily as the result of a charge for impairment of certain purchased intangibles related to acquired developed technology and other long-lived assets.
  
  
• Non-GAAP gross margin increased to 32.2% from 30.7% in the preceding quarter, primarily as the result of favorable product mix.
  
  
• GAAP operating income increased $1.2 million to $0.4 million, or 0.2% of revenues, compared to $(0.8) million, or (0.3)% of revenues in the preceding quarter, primarily as the result of a gain on the fair value remeasurement of contingent consideration liability.
  
  
• Non-GAAP operating income increased $2.7 million to $20.0 million, or 8.2% of revenues, compared to $17.4 million, or 7.3% of revenues, in the preceding quarter, primarily as the result of higher non-GAAP gross margins.
  
  
• Cash and cash equivalents totaled $289.1 million at the end of the fourth quarter, compared to $265.5 million at the end of the preceding quarter.
  
  

FINANCIAL HIGHLIGHTS - FISCAL YEAR ENDED APRIL 28, 2013
Summary GAAP Results		Fiscal Year				Fiscal Year
		Ended				Ended
		April 28, 2013				April 30, 2012
		(in thousands, except per share amounts)
Revenues		$	934,335			$	952,579
Gross margin			27.5	%			28.7	%
Operating expenses		$	262,596			$	229,165
Operating income (loss)		$	(5,555	)		$	44,179
Operating margin			(0.6	)%			4.6	%
Net income (loss)		$	(5,454	)		$	42,993
Income (loss) per share-basic		$	(0.06	)		$	0.47
Income (loss) per share-diluted		$	(0.06	)		$	0.46
Basic shares			92,860				90,823
Diluted shares			92,860				94,186
Summary Non-GAAP Results (a)		Fiscal Year				Fiscal Year
		Ended				Ended
		April 28, 2013				April 30, 2012
		(in thousands, except per share amounts)
Revenues		$	934,335			$	952,579
Gross margin			30.9	%			31.9	%
Operating expenses		$	223,667			$	214,100
Operating income		$	65,247			$	89,332
Operating margin			7.0	%			9.4	%
Net income		$	61,255			$	83,177
Income per share-basic		$	0.66			$	0.92
Income per share-diluted		$	0.64			$	0.87
Basic shares			92,860				90,823
Diluted shares			99,284				97,935

Financial Statement Highlights for fiscal year 2013:

• Revenues decreased to $934.3 million, down $18.2 million, or (1.9)%, from $952.6 million in the preceding year.
  
  
• Compared to the preceding year, the sale of products for datacom applications increased by $53.6 million, or 10.0%, primarily from sales of 10G and 100G transceivers and transponders and the sale of products for telecom applications decreased by $71.8 million, or (17.3)%, primarily as the result of sluggish carrier capital expenditure levels.
  
  
• Gross margin decreased to 27.5% on a GAAP basis and 30.9% on a non-GAAP basis from 28.7% and 31.9%, respectively, in the preceding year, primarily as the result of a decline in average selling prices.
  
  
• Non-GAAP operating income decreased $24.1 million to $65.2 million, or 7.0% of revenues, from $89.3 million, or 9.4% of revenues, primarily as the result of lower gross margin and an increase in operating expenses, due to increases in employee related expenses, costs of materials associated with new product development, and the consolidation of financial results of Red-C Optical Networks, which was acquired in fiscal 2013.
  
  
• GAAP operating income (loss) decreased $49.7 million to $(5.6) million, or (0.6)% of revenues, from $44.2 million or 4.6% of revenues primarily as the result of the factors affecting Non-GAAP operating income and in addition the impairment of acquired developed technology and other long-lived assets.
  
  

OUTLOOK

The Company indicated that it currently expects revenues for the first quarter of fiscal 2014 to be in the range of $245 to $260 million; GAAP operating margin to in the range of approximately 5.0% to 6.5%; non-GAAP operating margin to be in the range of approximately 9.0% to 10.5% and non-GAAP earnings per diluted share to be in the range of approximately $0.22 to $0.26. The Company also noted that during the fourth fiscal quarter of 2013 and during the first week of the first quarter of fiscal 2014, the Company completed the divestment of two non-strategic subsidiaries of Ignis AS, which was acquired by Finisar in May 2012. These divested businesses accounted for approximately $5 million in revenues during the fourth quarter of fiscal 2013.

CONFERENCE CALL

Finisar will discuss its financial results for the fourth quarter and current business outlook during its regular quarterly conference call scheduled for Wednesday, June 19, 2013, at 2:00 pm PDT (5:00 pm EDT). To listen to the call you may connect through the Finisar investor relations page at http://investor.finisar.com/ or dial 1-888- 438-5491 (domestic) or (719) 325-2458 (international) and enter conference ID 8003705.

An audio replay will be available for two weeks following the call by dialing 1-888-203-1112 (domestic) or (719) 457-0820 and then following the prompts: enter conference ID 8003705 and provide your name, affiliation, and contact number. A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next regularly scheduled earnings conference call.

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements included in this press release are based upon information available to Finisar as of the date hereof, and Finisar assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those projected. Examples of such risks include those associated with: the uncertainty of customer demand for Finisar's products; the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets; Finisar's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; ongoing new product development and introduction of new and enhanced products; the challenges of rapid growth followed by periods of contraction; and intensive competition. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's annual report on Form 10-K (filed June 29, 2012) and quarterly SEC filings.

ABOUT FINISAR

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For 25 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

FINISAR FINANCIAL STATEMENTS

The following financial tables are presented in accordance with GAAP.

Finisar Corporation
Consolidated Balance Sheets
(in thousands)
				April 28, 2013				January 27, 2013				October 28, 2012				July 29, 2012				April 30, 2012
				(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)				Note
ASSETS
Current assets:
	Cash and cash equivalents			$	289,076			$	265,454			$	262,432			$	220,409			$	234,544
	Accounts receivable, net				149,612				155,502				155,949				179,441				167,760
	Accounts receivable, other				16,538				10,843				15,240				14,972				21,004
	Inventories				200,670				202,123				203,554				208,168				218,432
	Prepaid expenses				18,402				22,875				25,183				24,430				25,482
		Total current assets			674,298				656,797				662,358				647,420				667,222
Property, equipment and improvements, net					201,442				192,381				173,284				165,837				163,817
Purchased intangible assets, net					30,457				45,823				53,300				43,049				45,177
Goodwill					90,986				91,551				91,098				97,994				81,431
Minority investments					884				884				884				884				884
Other assets					9,780				7,321				7,263				7,393				10,896
		Total assets		$	1,007,847			$	994,757			$	988,187			$	962,577			$	969,427
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable			$	77,630			$	67,264			$	72,844			$	71,295			$	72,339
	Accrued compensation				31,492				28,436				27,901				22,210				27,090
	Other accrued liabilities				23,533				31,901				22,774				21,456				20,871
	Deferred revenue				9,182				9,760				7,868				9,775				8,970
	Current portion of long-term debt				-				-				-				-				3,150
		Total current liabilities			141,837				137,361				131,387				124,736				132,420
Long-term liabilities:
	Convertible notes, net of current portion				40,015				40,015				40,015				40,015				40,015
	Other non-current liabilities				13,480				14,078				21,171				16,274				15,175
	Deferred tax liabilities				-				2,512				2,459				2,433				1,972
		Total liabilities			195,332				193,966				195,032				183,458				189,582
Stockholders' equity:
	Common stock				94				93				93				93				91
	Additional paid-in capital				2,350,146				2,341,448				2,330,683				2,321,064				2,309,219
	Accumulated other comprehensive income				28,525				26,904				26,346				22,356				28,720
	Accumulated deficit				(1,571,960	)			(1,575,839	)			(1,572,432	)			(1,572,703	)			(1,566,506	)
		Finisar Corporation stockholders' equity			806,805				792,606				784,690				770,810				771,524
	Non-controlling interest				5,710				8,185				8,465				8,309				8,321
		Total stockholders' equity			812,515				800,791				793,155				779,119				779,845
Total liabilities and stockholders' equity				$	1,007,847			$	994,757			$	988,187			$	962,577			$	969,427

Note - Balance sheet amounts as of April 30, 2012 are derived from the audited consolidated financial statements as of the date.

Finisar Corporation
Consolidated Statements of Operations
(in thousands, except per share data)
				Three Months Ended								Twelve Months Ended								Three Months Ended
				April 28, 2013				April 30, 2012				April 28, 2013				April 30, 2012				January 27, 2013
				(Unaudited)				(Unaudited)				(Unaudited)								(Unaudited)
Revenues				$	243,417			$	239,910			$	934,335			$	952,579			$	238,351
Cost of revenues					166,093				172,915				662,094				672,924				168,377
Impairment of acquired developed technology and other long-lived assets					8,156				-				8,156				-				-
Amortization of acquired developed technology					1,842				1,515				7,044				6,311				1,930
Gross profit					67,326				65,480				257,041				273,344				68,044
Gross margin					27.7	%			27.3	%			27.5	%			28.7	%			28.5	%
Operating expenses:
	Research and development				41,270				37,430				158,784				146,003				39,725
	Sales and marketing				11,056				10,114				42,347				40,424				10,398
	General and administrative				6,279				75				45,337				39,566				12,797
	Amortization of purchased intangibles				734				897				3,640				3,494				1,035
	Impairment of long-lived assets				7,602				-				12,488				-				4,886
	Restructuring recoveries				-				-				-				(322	)			-
		Total operating expenses			66,941				48,516				262,596				229,165				68,841
Income (loss) from operations					385				16,964				(5,555	)			44,179				(797	)
Interest income					211				662				755				1,073				186
Interest expense					(544	)			(805	)			(2,589	)			(3,716	)			(648	)
Loss on debt extinguishment					-				-				-				(419	)			-
Other income (expenses), net					(154	)			(266	)			(449	)			3,902				(275	)
Income (loss) before income taxes and non-controlling interest					(102	)			16,555				(7,838	)			45,019				(1,534	)
Provision (benefits) for income taxes					(1,506	)			(787	)			227				2,005				2,153
Income (loss) before non-controlling interest					1,404				17,342				(8,065	)			43,014				(3,687	)
Adjust for net (income) loss attributable to non-controlling interest					2,475				673				2,611				(21	)			280
Net income (loss) attributable to Finisar Corporation				$	3,879			$	18,015			$	(5,454	)		$	42,993			$	(3,407	)
Net income (loss) per share attributable to Finisar Corporation common stockholders:
	Basic			$	0.04			$	0.20			$	(0.06	)		$	0.47			$	(0.04	)
	Diluted			$	0.04			$	0.19			$	(0.06	)		$	0.46			$	(0.04	)
Shares used in computing net income (loss) per share - basic					93,567				91,349				92,860				90,823				93,097
Shares used in computing net income (loss) per share - diluted					96,192				98,528				92,860				94,186				93,097

FINISAR NON-GAAP FINANCIAL MEASURES

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Finisar provides supplemental information regarding the Company's operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or which occur relatively infrequently and which management considers to be outside our core operating results. Some of these non-GAAP measures also exclude the ongoing impact of historical business decisions made in different business and economic environments. Management believes that tracking non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income and non-GAAP net income per share provides management and the investment community with valuable insight into our current operations, our ability to generate cash and the underlying business trends which are affecting our performance. These non-GAAP measures are used by both management and our Board of Directors, along with the comparable GAAP information, in evaluating our current performance and planning our future business activities. In particular, management finds it useful to exclude non-cash charges in order to better correlate our operating activities with our ability to generate cash from operations and to exclude certain cash charges as a means of more accurately predicting our liquidity requirements. We believe that these non-GAAP measures, when used in conjunction with our GAAP financial information, also allow investors to better evaluate our financial performance in comparison to other periods and to other companies in our industry.

In calculating non-GAAP gross profit in this release, we have excluded the following items from cost of revenues in applicable periods:

• Changes in excess and obsolete inventory reserve (predominantly non-cash charges or non-cash benefits);
• Amortization of acquired technology (non-cash charges related to technology obtained in acquisitions);
• Stock-based compensation expense (non-cash charges);
• Impairment of acquired developed technology and other long-lived assets (non-cash charges);
• Acquisition method accounting adjustment for sale of acquired inventory (non-cash charges);
• Flood related expense (non-recurring cash charge);
• Reduction in force costs (non-recurring cash charges); and
• Acquisition related retention payments (non-recurring charges).

In calculating non-GAAP operating income in this release, we have excluded the same items to the extent they are classified as operating expenses, and have also excluded the following items in applicable periods:

• Gain or loss on litigation settlements and resolutions and related costs (non-recurring cash charges or benefits);
• Shareholder class action and derivative litigation costs (non-recurring cash expenses associated with the derivative litigation related to our historical stock option granting practices and related to the class action and derivative litigation related to our March 8, 2011 earnings announcement);
• Gain on fair value re-measurement of contingent consideration (non-cash benefit);
• Acquisition related costs (non-recurring cash charges);
• Amortization of purchased intangibles (non-cash charges);
• Restructuring costs and recoveries (non-recurring charges and benefits); and
• Impairment of purchased intangibles and other long-lived assets.

In calculating non-GAAP income and non-GAAP income per share in this release, we have also excluded the following items in applicable periods:

• Interest income from legal settlements (non-recurring benefit);
• Imputed interest related to restructuring (non-cash charges);
• Gains and losses on sales of assets (non-recurring or non-cash losses and cash gains related to the periodic disposal of assets no longer required for current activities);
• Loss related to minority and equity method investments (non-cash charges);
• Other miscellaneous expenses (income) (non-recurring charges or benefits);
• Dollar denominated foreign exchange transaction losses (gains) (non-cash charges or benefits);
• Debt extinguishment loss (non-recurring charges);
• Fair value re-measurement of equity investment (non-cash gain from re-measurement of value of prior investment in an investee); and
• Differences between cash payable for income taxes and the provision for income taxes in accordance with GAAP, less discrete items.

In calculating non-GAAP income per share in this release, we have included the shares issuable upon conversion of our outstanding convertible notes and excluded the interest expenses associated with such notes in such periods where such treatment is dilutive to non-GAAP income (loss) per share.

A reconciliation of this non-GAAP financial information to the corresponding GAAP information is set forth below:

Finisar Corporation
Reconciliation of Results of Operations under GAAP and non-GAAP
(Unaudited, in thousands, except per share data)
				Three Months Ended								Twelve Months Ended								Three Months Ended
				April 28, 2013				April 30, 2012				April 28, 2013				April 30, 2012				January 27, 2013
GAAP to non-GAAP reconciliation of gross profit:
Gross profit - GAAP				$	67,326			$	65,480			$	257,041			$	273,344			$	68,044
Gross margin - GAAP					27.7	%			27.3	%			27.5	%			28.7	%			28.5	%
Adjustments:
Cost of revenues
	Change in excess and obsolete inventory reserve				390				5,027				8,248				10,370				989
	Amortization of acquired technology				1,842				1,515				7,044				6,311				1,930
	Stock compensation				1,731				1,139				7,233				6,281				2,140
	Impairment of acquired developed technology and other long-lived assets				8,156				-				8,156				-				-
	Acquisition method accounting adjustment for sale of acquired inventory				-				963				1,363				4,998				-
	Flood-related expense (recovery)				(1,197	)			1,222				(1,197	)			1,222				-
	Reduction in force costs				17				62				818				906				17
	Acquisition related retention payment				62				-				208				-				73
		Total cost of revenue adjustments			11,001				9,928				31,873				30,088				5,149
Gross profit - non-GAAP					78,327				75,408				288,914				303,432				73,193
Gross margin - non-GAAP					32.2	%			31.4	%			30.9	%			31.9	%			30.7	%
GAAP to non-GAAP reconciliation of operating income:
Operating income (loss) - GAAP					385				16,964				(5,555	)			44,179				(797	)
Operating margin - GAAP					0.2	%			7.1	%			-0.6	%			4.6	%			-0.3	%
Adjustments:
Total cost of revenue adjustments					11,001				9,928				31,873				30,088				5,149
Research and development
	Reduction in force costs				52				35				240				801				11
	Acquisition related retention payment				204				-				639				-				213
	Stock compensation				2,856				2,288				11,796				9,123				2,601
Sales and marketing
	Reduction in force costs				-				36				-				36				-
	Acquisition related retention payment				17				-				54				-				17
	Stock compensation				1,015				727				3,979				3,105				885
General and administrative
	Reduction in force costs				24				41				118				1,055				25
	Acquisition related retention payment				220				-				696				-				223
	Stock compensation				2,586				1,768				10,589				7,467				2,218
	Acquisition related costs				322				-				1,474				1,602				731
	Litigation settlements and resolutions and related costs				-				(7,422	)			13				(7,515	)			-
	Shareholder class action and derivative litigation costs				144				447				333				1,072				180
	Gain on fair value remeasurement of contingent consideration liability				(7,130	)			(4,853	)			(7,130	)			(4,853	)			-
Amortization of purchased intangibles					734				897				3,640				3,494				1,035
Impairment purchased intangibles and other long-lived assets					7,602				-				12,488				-				4,886
Restructuring recoveries					-				-				-				(322	)			-
		Total cost of revenue and operating expense adjustments			19,647				3,892				70,802				45,153				18,174
Operating income - non-GAAP					20,032				20,856				65,247				89,332				17,377
Operating margin - non-GAAP					8.2	%			8.7	%			7.0	%			9.4	%			7.3	%
GAAP to non-GAAP reconciliation of income attributable to Finisar Corporation:
Income (loss) attributable to Finisar Corporation - GAAP					3,879				18,015				(5,454	)			42,993				(3,407	)
Adjustments:
Total cost of revenue and operating expense adjustments					19,647				3,892				70,802				45,153				18,174
Interest income from legal settlement					-				(434	)			-				(434	)			-
Imputed interest related to restructuring					146				133				520				805				148
Other (income) expense, net
	Loss (gain) on sale of assets				(1,160	)			3				(1,311	)			(4	)			38
	Loss related to minority and equity method investments				-				-				-				619				-
	Other miscellaneous (income) or expenses				(2	)			(424	)			(263	)			177				(101	)
	Foreign exchange transaction loss				1,034				506				854				226				431
	Debt extinguishment loss				-				-				573				419				-
	Fair value remeasurement of equity investment				-				(3	)			-				(5,432	)			-
Provision for income taxes
	Income tax provision adjustments				(1,506	)			(1,454	)			(2,217	)			(1,345	)			1,107
Non-controlling interest adjustment					(2,249	)			-				(2,249	)			-				-
Total adjustments					15,910				2,219				66,709				40,184				19,797
Net income attributable to Finisar Corporation - non-GAAP					19,789				20,234				61,255				83,177				16,390
Non-GAAP income attributable to Finisar Corporation				$	19,789			$	20,234			$	61,255			$	83,177			$	16,390
Add: interest expense for dilutive convertible notes					539				539				2,157				2,156				539
Adjusted non-GAAP income attributable to Finisar Corporation				$	20,328			$	20,773			$	63,412			$	85,333			$	16,929
Non-GAAP income per share attributable to Finisar Corporation common stockholders
	Basic			$	0.21			$	0.22			$	0.66			$	0.92			$	0.18
	Diluted			$	0.20			$	0.21			$	0.64			$	0.87			$	0.17
Shares used in computing non-GAAP income per share attributable to Finisar Corporation common stockholders
	Basic				93,567				91,349				92,860				90,823				93,097
	Diluted				99,941				98,528				99,284				97,935				99,094
Non-GAAP EBITDA
Non-GAAP income attributable to Finisar Corporation				$	19,789			$	20,234			$	61,255			$	83,177			$	16,390
Depreciation expense					13,692				12,583				52,815				45,561				13,306
Amortization					94				227				653				851				86
Interest expense					187				444				1,314				2,272				314
Income tax expense					0				667				2,444				3,350				1,046
Non-GAAP EBITDA				$	33,762			$	34,155			$	118,481			$	135,211			$	31,142

Investor Contact:
Kurt Adzema
Chief Financial Officer
408-542-5050
Investor.relations@finisar.com

Press contact:
Victoria McDonald
Sr. Manager, Corporate Communications
408-542-4261

Source: Finisar

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