Thursday, June 2, 2016

Ciena Posts Q2 Revenue of $641 Million

Ciena reported Q2 revenue of $640.7 million as compared to $621.6 million for the fiscal second quarter 2015. Net income (GAA) amounted to $14.0 million, or $0.10 per diluted common share, which compares to a GAAP net income of $20.7 million, or $0.17 per diluted common share, for the fiscal second quarter 2015.


"This quarter's strong financial performance is a result of the investments we've made to diversify our business, in particular the expansion of our packet business and our momentum in key geographies," said Gary B. Smith, president and CEO, Ciena. "As the industry shifts toward an on-demand networking model across an open ecosystem, we are confident in our ability to address those demands with a broader set of customers, applications and geographies to deliver sustainable long-term growth and increased profitability."

http://www.ciena.com

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