Wednesday, December 7, 2005

Ciena Reports Seventh Quarter of Revenue Growth

Ciena reported Q4 revenue was $118.2 million, representing a 7% sequential increase from fiscal third quarter revenue of $110.5 million and an increase of 44% over revenue of $82.0 million for the same period a year ago. For the twelve months ending October 31, 2005, Ciena's unaudited revenue was $427.3 million, representing an increase of 43% over revenue of $298.7 million for the same year-ago period.


For Q4, there was a GAAP net loss of $252.9 million, or a net loss of $0.44 per share. This loss compares to a GAAP net loss of $495.1 million, or a net loss of $0.87 per share. For the twelve months ending October 31, 2005, Ciena's GAAP net loss was $435.7 million, or a net loss of $0.76 per share. This compares to a GAAP net loss of $789.5 million, or a net loss of $1.51 per share, in the same twelve-month period a year ago.


"In the last year, Ciena's employees have demonstrated extraordinary focus on execution of our strategy and, as a result, have driven the Company's significant revenue growth and meaningful financial performance improvement," said Ciena CEO and President, Gary Smith. "With our seventh sequential quarter of revenue growth, and with continued gross margin improvement, our fiscal fourth quarter's results demonstrate Ciena's steady progress toward profitability and positive cash flow, and more importantly, our continued progress toward future earnings growth."http://www.ciena.com

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