June 5, 2015 – After missing revenue estimates in 2015Q1, optical transport equipment supplier Ciena Corp. surprised again in 2015Q2 – but this time blowing past estimates. For the fiscal second quarter 2015, Ciena reported revenue of $621.6 million as compared to $560.1 million for the fiscal second quarter 2014.
On the basis of generally accepted accounting principles (GAAP), Ciena’s net income for the fiscal second quarter 2015 was $20.7 million, or $0.17 per diluted common share, which compares to a GAAP net loss of $(10.2) million, or $(0.10) per diluted common share, for the fiscal second quarter 2014.
Sales of converged packet-optical gear led the way at $432.9 million, up from the $336.6 million of the previous quarter. These products include the Ciena 6500 product family, that you may also know as the Nortel OME 6500 or OM6500.
“We delivered outstanding second quarter results that, when combined with our strong financial performance during the past several quarters, demonstrate increased operating leverage and sustained momentum in our business,” said Gary B. Smith, president and CEO, Ciena
Looking ahead, Ciena predicts revenues for the third fiscal quarter to fall between $610 million and $640 million. The company expects non-GAAP gross margin of approximately 43%.
For the Ciena announcement, see http://investor.ciena.com/phoenix.zhtml?c=99134&p=irol-newsArticle&ID=2056381