Connect with us

Ciena Reports Revenue Increase In Q3 2016

3G

Ciena Reports Revenue Increase In Q3 2016

Ciena Corporation, the network specialist, recently reported revenue of $670.6 million as compared to $602.9 million for the fiscal third quarter 2015. On the basis of GAAP, Ciena’s net income for the fiscal third quarter 2016 was $33.5 million, or $0.23 per diluted common share, which compares to a GAAP net income of $23.6 million, or $0.19 per diluted common share, for the fiscal third quarter 2015.

Screen Shot 2016-09-04 at 11.14.15 am

Ciena’s adjusted (non-GAAP) net income for the fiscal third quarter 2016 was $67.6 million, or $0.42per diluted common share, which compares to an adjusted (non-GAAP) net income of $50.7 million, or$0.37 per diluted common share, for the fiscal third quarter 2015.

“We posted strong results on all financial operating metrics in our fiscal third quarter, continuing a trend of consistently improving financial performance and demonstrating the value of having a diversified business to manage through market dynamics,” said Gary B. Smith, president and CEO, Ciena. “Through strategic investments to broaden our portfolio, market application and customer and geographic base, we have positioned Ciena to deliver sustainable long-term growth and increased profitability.”

Trending

Contributors

RSS Technology – Hardware

RSS Technology – Networks

RSS Technology – Robotics

RSS Technology -Semiconductors / Chips

RSS Technology – Software

RSS Telecommunications – Networks

RSS Telecommunications – Services

To Top