Wednesday, December 13, 2006

Ciena Reports Quarterly Revenue of $160.0 million

For its fiscal fourth quarter ending October 31, Ciena reported revenue of $160.0 million, representing a 4.9% sequential increase from fiscal third quarter revenue of $152.5 million and an increase of 35.3% over revenue of $118.2 million for the same period a year ago. For the fiscal year ending October 31, 2006, Ciena's unaudited revenue was $564.1 million, representing an increase of 32.0 % over the previous year.

Q4 represents the company's eleventh sequential quarterly increase in revenue.

Ciena's unaudited fiscal fourth quarter net income was $13.1 million, or a net income of $0.14 per diluted share.

Ciena ended the fiscal fourth quarter 2006 with cash and short- and long-term investments of $1.2 billion.

See also