Wednesday, September 2, 2009

Ciena's Quarterly Revenues Rise 14% Sequentially to $165 Million

Ciena's revenue for its fiscal third quarter ended July 31, 2009 totaled $164.8 million, representing a 14% sequential improvement compared to fiscal second quarter 2009 revenue of $144.2 million. Ciena's net loss (GAAP) was $(26.5) million, or $(0.29) per common share.

"We delivered significant sequential improvement in our fiscal third quarter across all major financial performance metrics, including revenue, gross margin and operating results," said Gary Smith, Ciena's CEO and president. "Through the challenging environment of the last 12 months, we've managed the business with the objective of balancing operating performance with a disciplined approach to strategic investment."