-- Based on the mid-point of the new expected range, third quarter revenues would represent: - An increase of $20.8 million, or 14.3%, compared to $145.7 million in the preceding quarter; and - An increase of $40.4 million, or 32.1%, compared to $126.1 million in the prior fiscal year period. -- Revenue growth in the third quarter as compared to the preceding second quarter was primarily a result of increased sales of the Company's products for 10 Gbps and ROADM applications, although revenue in almost every product category increased sequentially in the quarter.CONFERENCE CALL Finisar will discuss its financial results for the third quarter and its current business outlook during its regular quarterly conference call scheduled for Wednesday, March 3, 2010, at 2:00 p.m. PST/5:00 EST. To listen to the call you may connect through the Finisar investor relations page at investor.finisar.com or dial 866-393-6455 (domestic) or 706-643-4465 (international) and enter conference ID 55256537. A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next conference call to be held approximately 90 days from the date of the 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. These risks include those associated with the normal quarterly financial closing process which could result in adjustments to the preliminary third quarter results contained in this release. Further information regarding other risks relating to Finisar's business is set forth in Finisar's annual report on Form 10-K (filed July 9, 2009) and quarterly SEC filings. ABOUT FINISAR Finisar Corporation (
Contact Information: Contact: Steve Workman Chief Financial Officer 408-548-1000 Victoria McDonald Senior Manager, Corporate Communications 408-542-4261 investor.relations@Finisar.com