March 6, 2023 — Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 28, 2023.
Ciena Corporation (NYSE: CIEN) reported fiscal Q1 adjusted earnings of $0.64 per diluted share, Analysts polled by Capital IQ expected $0.36.
Revenue for the quarter ended Jan. 28 was $1.06 billion, Analysts surveyed by Capital IQ expected $959 million.
For fiscal first quarter 2023
Revenue: $1.06 billion，up 25.1% year-over-year，Net Income per Share: $0.51 GAAP; $0.64 adjusted (non-GAAP)。
For fiscal first quarter 2023, Ciena reported revenue of $1.06 billion as compared to $844.4 million for the fiscal first quarter 2022.
Ciena’s GAAP net income for the fiscal first quarter 2023 was $76.2 million, or $0.51 per diluted common share, which compares to a GAAP net income of $45.8 million, or $0.29 per diluted common share, for the fiscal first quarter 2022.
Ciena’s adjusted (non-GAAP) net income for the fiscal first quarter 2023 was $95.6 million, or $0.64 per diluted common share, which compares to an adjusted (non-GAAP) net income of $72.6 million, or $0.47 per diluted common share, for the fiscal first quarter 2022.
Fiscal First Quarter 2023 Performance Summary
CIENA CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
About Ciena
Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network™ in response to the constantly changing demands of their users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on LinkedIn, Twitter, the Ciena Insights blog, or visit www.ciena.com.