Wednesday, August 29, 2007

Ciena Reports Revenue of $205.0 million, up 34.4% YoY

Ciena posted third quarter revenue of $205.0 million, representing a 5.9% sequential increase from fiscal second quarter revenue of $193.5 million, and an increase of 34.4% over the same period a year ago when the company reported sales of $152.5 million.



Ciena's net income (GAAP) for the fiscal third quarter 2007 was $28.3 million, or $0.29 per diluted share. This represents a 117.6% sequential increase from fiscal second quarter GAAP net income of $13.0 million, and compares with a reported GAAP net loss of $4.3 million, or a loss of $0.05 per share, for the same period a year ago. Overall gross margin was 47.7% and product gross margin was 53.7%.

http://www.ciena.com

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