Thursday, March 5, 2015

Ciena Posts Revenue of $529.2 Million

Ciena reported revenue of $$529.2 million for its fiscal first quarter 2015.  This compares with $533.7 million for the fiscal first quarter 2014.

Ciena's net loss (GAAP) for the fiscal first quarter 2015 was $(18.8) million, or $(0.17) per diluted common share, which compares to a GAAP net loss of $(15.9) million, or $(0.15) per diluted common share, for the fiscal first quarter 2014.

“Our first quarter performance is highlighted by continued customer diversification, an expanding portfolio, and strong profitability. While order timing and foreign exchange headwinds impacted revenue in the quarter, we delivered improved gross margin and excellent operating profit," said Gary B. Smith, president and CEO of Ciena.

http://www.ciena.com/about/newsroom/press-releases/Ciena-Reports-Fiscal-First-Quarter-2015-Financial-Results.html

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