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per cent year-on-year from $236.6 million. Lasers sales accounted for the other 11 per cent of revenue corresponding to $44.5 million, up approximately 57 per cent year- on-year from $28.3 million. By the end of the quarter Lumentum held $624.5 million in total cash and short- term investments, with the firm expecting net revenue in the range of $280 million to $305 million for its third quarter.
Keopsys Quantel Group boosted by investment in lidar for autonomous vehicles In 2017, the Keopsys Quantel Group generated pro forma consolidated revenues of €85.1 million, up 5.8 per cent from 2016. These figures, representative of the new Keopsys Quantel group's activity following the merger of the two firms in October 2017, include full-year Keopsys and Quantel group revenues. The group’s lidar sensor business recorded a strong acceleration in 2017, achieving an 18 per cent increase in yearly revenue to €10.7 million. The increase reflects the impact of investments made by various customers in the development of autonomous vehicles. Yearly revenue from the industrial and scientific division grew by 14.5 per cent to $32.3 million in 2017, with sales supported by activity in Asia and the rise in production capacity of diodes.
“II-VI’s newer products accounted for more than half of the growth experienced this quarter”
A 3.9 per cent increase in
yearly revenue to $31.7 million for the group’s medical division reflects a dynamic second half, aided by positive market response and the group having ramped up the production of its new Easyret laser.
New products account for more than half of II-VI quarterly growth Electronic component manufacturer II-VI’s revenue
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for the second fiscal quarter was $281.5 million, up 21.4 per cent year-on-year. Revenue for the six months ending 31 December was $543 million, up 20 per cent year-on-year. The firm also has a record backlog of over $400 million after the second quarter. Each segment saw growth in their end markets, and
according to II-VI, the firm’s newer products accounted for more than half of the growth experienced this quarter. The firm’s photonics segment
accounted for $110.5 million for the second quarter and $221.1 million for the six months ending 31 December, up 9.5 and 12.4 per cent. II-VI’s laser solutions segment accounted
for $109.8 million for the second quarter and $203.1 million for the six months ending 31 December, up 34.7 and 26.3 per cent. The performance products segment accounted for $61.2 million for the second quarter and $118.8 million for the six months ending 31 December, up 23.9 and 24.0 per cent.
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