March 5, 2015: Ciena Corp. today reported $529.2 million in revenue for its fiscal first quarter ended January 31, 2015. The number missed the bottom end of its guidance for the quarter by $10.8 million. However, the company exceeded profitability expectations and guided revenues up significantly for the second quarter.
“Our first quarter performance is highlighted by continued customer diversification, an expanding portfolio, and strong profitability. While order timing and foreign exchange headwinds impacted revenue in the quarter, we delivered improved gross margin and excellent operating profit,” said Gary B. Smith, president and CEO of Ciena, in a press release. “We are consistently delivering on our business model and are well positioned to capitalize on our leadership in driving an open, global network for the cloud.”
The Ciena press release can be found at http://investor.ciena.com/phoenix.zhtml?c=99134&p=irol-newsArticle&ID=2022978
Ciena develops and markets a broad line of optical communications equipment, including the former Nortel Optera products lines.
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