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Ciena grows fiscal Q1 revenues 8.4%

Wednesday 8 March 2017 | 16:48 CET | News
Ciena reported revenues of USD 621.5 million for its fiscal first quarter to January, up from USD 573.1 million a year earlier but down 13.2 percent from fiscal Q4. The gross margin dipped to 44.1 percent from 44.5 in Q4, and the operating margin fell over the same period to 3.1 percent from 8.3 percent. Adjusted net profit improved to USD 38.4 million from USD 25.2 million a year ago, and the reported net result was a profit of USD 3.9 million or 3 cents a share versus a loss of USD 11.5 million or 8 cents a share in the fiscal first quarter 2016. Ciena said its performance reflects its

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Categories: Fixed
Companies: Ciena
Countries: World
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