Tuesday, June 7, 2011

Ciena Posts Revenue of $417.9 million

Ciena reported revenue of $417.9 million for its fiscal second quarter ended April 30, 2011. The net loss was $(62.7) million (GAAP), or $(0.66) per common share, which compares to a GAAP net loss of $(90.0) million, or $(0.97) per common share, for the fiscal second quarter 2010.

"Momentum continues to be strong across our business, as evidenced by high levels of customer engagement, additional design wins around the world and strong order flows," said Gary Smith, president and CEO of Ciena. "Having successfully completed all of our critical integration milestones, we now have a strong foundation to optimize the business and gain additional operating leverage as we drive toward sustained profitability," stated Smith. "We expect fiscal third quarter 2011 revenue to be in the range of $435 million to $455 million and adjusted gross margin to be in the low 40s range."

  • Non-U.S. customers contributed 45% of total quarterly revenue.

  • Two 10%-plus customers represented a total of 26% of quarterly revenue.

See also