Wednesday, December 9, 2009

Ciena Posts Revenue of $176.3 million, Up 7% Sequentially

Ciena reported revenue of $176.3 million for its fourth fiscal quarter of 2009, representing a 7% sequential increase from fiscal third quarter 2009 revenue of $164.8 million. For the fiscal year 2009, Ciena reported revenue of $652.6 million. Ciena's reported net loss (GAAP) was $(26.7) million, or $(0.29) per common share for the fiscal fourth quarter ended October 31, 2009. For the fiscal year 2009, Ciena had a net loss of $(581.2) million, or $(6.37) per common share. Ciena's GAAP net loss for the fiscal year 2009 includes a non-cash charge of $455.7 million for impairment of goodwill.

"Our fiscal fourth quarter revenue growth was driven by our CN 4200 family, continued strong performance from our carrier Ethernet service delivery portfolio and sequential growth from core switching platforms," said Gary Smith, Ciena's CEO and president. ""Through the challenging environment of fiscal 2009, we've managed the business to balance operating performance with a disciplined approach to strategic investment. As a result of our focus on that commitment, we're pleased to have achieved our goal of positive cash flow from operations for the fiscal year."


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