Friday, June 6, 2014

Ciena Posts Revenue of $560 Million, up 10.3% YoY

Ciena reported revenue of $560.0 million for its fiscal second quarter ended April 30, 2014, up 10.3% from the same period in 2013.  Ciena's net loss (GAAP) was $(10.2) million, or $(0.10) per common share, which compares to a GAAP net loss of $(27.1) million, or $(0.27) per common share, for the fiscal second quarter 2013.

“As a direct result of our expanding role and reach in the industry, we delivered strong financial results in both our second quarter and first half of fiscal 2014, including continued revenue growth and increased operating leverage,” said Gary B. Smith, president and CEO, Ciena. “As the shift continues toward on-demand networking models and as we continue to diversify our business, we expect to deliver steadily improving financial performance, including performance in the second half of the year that is stronger than the first half.”

Revenue breakdown for Q2 2014 was as follows:  Converged Packet Optical 63.7%, Packet Networking 11.9%, Optical Transport 5.3%, Software/Services 19.1%.

Regionally, the U.S. market represented 57.8% of Ciena's sales in Q2.