Ciena reported revenue of $474.1 million for its fiscal third quarter ended July 31, 2012, up 8.9% from the same period last year and down 0.7% from the preceding quarter. Ciena's net loss for the fiscal third quarter 2012 was $(29.8) million, or $(0.30) per common share, which compares to a GAAP net loss of $(31.5) million, or $(0.33) per common share, for the fiscal third quarter 2011.
On a conference call, Ciena executives said macro economics continued to impact its customers, as the market in Europe deterioted while North America remained steady. The company said major players are making next gen architecture decisions and that it is winning strategic projects, although rollouts are slow.
The outlook for Q4 is for revenue in the range of $455 to $480 million, lower than predicted earlier in the year, due in part to weakness in Europe.
“We continue to win in the market and take share as demonstrated by a solid operating performance in the third quarter,” said Gary Smith, president and CEO of Ciena. “We are experiencing the effects of ongoing macroeconomic challenges and slower than expected roll-outs of new design wins. However, our approach to the market is working, our OPn architecture vision is gaining traction with customers globally, and our view of the long-term opportunity is unchanged.”
Some other notes:
- Ciena ended the period with 4,463 employees.
- There were no 10% customers in the period
- Gross margin was 39.6%
- There were 13 new 100G customers in the quarter, bringing the total to 44.
