Ciena Hits Q3 Revenue of $604 Million

Ciena reported revenue of $603.6 million as compared to $538.4 million for its fiscal third quarter 2013, ended July 31.

Net income (GAAP) was $16.2 million, or $0.15 per diluted common share, which compares to a GAAP net loss of $(1.2) million, or $(0.01) per diluted common share, for the fiscal third quarter 2013. Ciena's adjusted (non-GAAP) net income for the fiscal third quarter 2014 was $40.9 million, or $0.32 per diluted common share, which compares to an adjusted (non-GAAP) net income of $26.2 million, or $0.23 per diluted common share, for the fiscal third quarter 2013.

“Our outstanding third quarter performance demonstrates our ability to grow profitability and outperform the market,” said Gary B. Smith, president and CEO, Ciena. “As we expand our addressable market by targeting high-growth, high-value segments, we are confident in our opportunity to grow the business and drive additional operating leverage in 2015.”

http://www.ciena.com/about/newsroom/press-releases/Ciena-Reports-Fiscal-Third-Quarter-2014-Financial-Results.html