CIENA Posts Revenue of $70.6 million, up 3% Sequentially

CIENA reported quarterly revenue of $70.6 million, a 3% sequential increase and an increase of 14% from the same period a year ago. CIENA's reported net loss for the quarter was $115.0 million, or a net loss of $0.24 per share. For the full fiscal year ending 31-October-2003, revenue totaled $283.1 million, a 22% decrease from fiscal 2002. On a GAAP basis, CIENA's net loss for the fiscal year was $386.5 million, or a net loss of $0.87 per share, compared to the previous year's GAAP net loss of $1.6 billion, or $4.37 per share.


The company said it expects revenue in its current first fiscal quarter to be flat to up as much as 10% compared to the preceding quarter.
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