Ciena revenue up to USD 729 mln in Q3, doubles profit

Tuesday 5 September 2017 | 14:23 CET | News

Ciena reported revenues of USD 728.7 million for its fiscal third quarter to end July, up from USD 670.6 million the year earlier and in the mid range of its guidance. The company’s net profit almost doubled to USD 60.0 million, or USD 0.39 per diluted share, from USD 33.5 million, or USD 0.23 per diluted share at the end of Q3 2016. In terms of segments, Networking Platforms was up 10 percent year on year to USD 592.3 million, Software and Software-Related Services surged 34 percent to USD 42.3 million but Global Services fell 4 percent to USD 94.1 million.

The company added that US customers contributed 60.1 percent of overall revenue with two customers each accounting for more than 10 percent of revenue. Looking towards the fourth quarter, the company said it’s guiding for revenue of USD 720-750 million.

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