Aviat Networks Raises Revenue Guidance Range for Q2FY13

           Aviat Networks Raises Revenue Guidance Range for Q2FY13

PR Newswire

SANTA CLARA, Calif., Jan. 14, 2013

SANTA CLARA, Calif., Jan. 14, 2013 /PRNewswire/ -- Aviat Networks, Inc.
(NASDAQ: AVNW), the leading expert in microwave networking solutions, today
updated its guidance for the second quarter of fiscal 2013. Revenues for the
quarter are now expected to exceed the Company's prior guidance range.

Updated guidance for Q2FY13

  oRevenue in the range of $123M - $126M; prior guidance range was $115M -
    $120M
  oNon-GAAP gross margin and operating expenses are expected to be consistent
    with prior guidance announced on November 1, 2012
  oAlthough specific guidance for orders and cash were not previously
    provided, due to the timing of this press release, the Company is
    providing additional Q2FY13 guidance on these metrics

       oOrders greater than revenue
       oClosing cash balance of approximately $95 million

Today's announcement is based on management's preliminary analysis of
operations for the quarter ended December 28, 2012. Aviat Networks will report
complete second quarter fiscal 2013 financial results and provide guidance for
the third quarter of fiscal 2013 after the market closes on January 30, 2013.
Other than the information in this press release, no further financial
information for Q2FY13 is planned to be provided prior to that date.

The company will host a conference call at 4:30 p.m. ET on January 30, 2013 to
discuss its financial results. To listen to the live conference call, please
dial 480-629-9760 or toll free at 877-941-4774, access code 4590206, by 4:20
p.m. ET. A replay also will be available starting approximately one hour after
the completion of the call until February 6, 2013. To access the replay, dial
303-590-3030 or toll free at 800-406-7325, access code 4590206.

Investors are invited to listen via webcast, which will be broadcast live and
via replay at http://investors.aviatnetworks.com/events.cfm.

Michael Pangia, president and CEO, and Ned Hayes, senior vice president and
CFO, are presenting on January 15, 2013 at the 15^th Annual Needham & Company
Growth Conference in New York City. A live webcast of the presentation will be
available at 4:10 p.m. Eastern Time on January 15, 2013 and will be archived
for 90 days. The webcast can be accessed from the Investor Relations page of
Aviat Networks' Web site at http://investors.aviatnetworks.com/events.cfm.

About Aviat Networks

Aviat Networks, Inc. (NASDAQ: AVNW) is a leading global provider of microwave
networking solutions transforming communications networks to handle the
exploding growth of IP-centric, multi-Gigabit data services. With more than
750,000 systems installed around the world, Aviat Networks provides LTE-proven
microwave networking solutions to mobile operators, including some of the
largest and most advanced 4G/LTE networks in the world. Public safety,
utility, government and defense organizations also trust Aviat Networks'
solutions for their mission-critical applications where reliability is
paramount. In conjunction with its networking solutions, Aviat Networks
provides a comprehensive suite of localized professional and support services
enabling customers to effectively and seamlessly migrate to next generation
Carrier Ethernet/IP networks. For more than 50 years, customers have relied on
Aviat Networks' high performance and scalable solutions to help them maximize
their investments and solve their most challenging network problems.
Headquartered in Santa Clara, California, Aviat Networks operates in 46
countries around the world. For more information, visit www.aviatnetworks.com
or connect with Aviat Networks on Twitter, Facebook and LinkedIn.

Forward-Looking Statements

The information contained in this document includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 21E of the Securities Exchange Act and Section 27A of the Securities
Act. All statements, trend analyses and other information contained herein
about the markets for the services and products of Aviat Networks, Inc. and
trends in revenue, as well as other statements identified by the use of
forward-looking terminology, including "anticipates," "believe," "plan,"
"estimate," "expect," "goal," "will," "see," "continues," "delivering,"
"view," and "intend," or the negative of these terms or other similar
expressions, constitute forward-looking statements. These forward-looking
statements are based on estimates reflecting the current beliefs of the senior
management of Aviat Networks. These forward-looking statements involve a
number of risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
Forward-looking statements should therefore be considered in light of various
important factors, including those set forth in this document. Important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include the following:

  ocontinued price erosion as a result of increased competition in the
    microwave transmission industry;
  othe impact of the volume, timing and customer, product and geographic mix
    of our product orders;
  oour ability to meet projected new product development dates or anticipated
    cost reductions of new products;
  oour suppliers' inability to perform and deliver on time as a result of
    their financial condition, component shortages or other supply chain
    constraints;
  ocustomer acceptance of new products;
  othe ability of our subcontractors to timely perform;
  ocontinued weakness in the global economy affecting customer spending;
  oretention of our key personnel;
  oour ability to manage and maintain key customer relationships;
  ouncertain economic conditions in the telecommunications sector combined
    with operator and supplier consolidation;
  othe timing of our receipt of payment for products or services from our
    customers;
  oour failure to protect our intellectual property rights or defend against
    intellectual property infringement claims by others;
  othe effects of currency and interest rate risks; and
  othe impact of political turmoil in countries where we have significant
    business.

For more information regarding the risks and uncertainties for our business,
see "Risk Factors" in our Form 10-K filed with the U.S. Securities and
Exchange Commission ("SEC") on September 4, 2012 as well as other reports
filed by Aviat Networks, Inc. with the SEC from time to time. Aviat Networks
undertakes no obligation to update publicly any forward-looking statement for
any reason, except as required by law, even as new information becomes
available or other events occur in the future.

SOURCE Aviat Networks, Inc.

Website: http://www.aviatnetworks.com
Contact: Investor Relations: Peter Salkowski, Aviat Networks, Inc., +1(408)
567-7117, investorinfo@aviatnet.com
 
Press spacebar to pause and continue. Press esc to stop.