Wednesday, June 4, 2008

Ciena Posts Revenue of $242 Million, up 25% YoY

Ciena reported second quarter revenue of $242.2 million, representing a 7% sequential increase from fiscal first quarter revenue of $227.4 million, and an increase of 25% over the same period a year ago when Ciena reported revenue of $193.5 million. Ciena's net income (GAAP) for the fiscal second quarter 2008 was $23.8 million, or $0.23 per diluted common share. This compares to fiscal first quarter GAAP net income of $28.8 million, or $0.28 per diluted common share, and a reported GAAP net income of $13.0 million, or $0.14 per diluted share, for the same period a year ago.

"Ciena continues to execute against a business plan and strategy that has driven faster-than-market growth while delivering solid operating margin and net income," said Gary Smith, Ciena's president and CEO. "In a highly competitive market, Ciena differentiates itself with targeted, innovative solutions and our implementation of automated, software-centric networks that power new applications and help our customers realize the economic benefits of a single, converged network infrastructure."


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