Thursday, June 6, 2013

Ciena Posts Sales of $507.7 million, Loss of $27 Million

Ciena reported revenue of $507.7 million for its second quarter of fiscal 2013, up 6.3% YoY and up 12% sequentially. Ciena's net loss (GAAP) was $(27.1) million, or $(0.27) per common share, which compares to a GAAP net loss of $(27.8) million, or $(0.28) per common share, for the fiscal second quarter 2012.

“We have designed Ciena to take advantage of the fundamental shift in network architecture driven by changing end-user demands, and our strong quarterly and first half of 2013 performance are a direct result of that strategy. Our unique ability to provide customers convergence, automation, openness and software intelligence positions us to lead the industry in this shift,” said Gary B. Smith, president and CEO of Ciena.

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