Ciena Sees Sales Momentum in Q2

Ciena reported fiscal second quarter 2015 revenue of $621.6 million as compared to $560.1 million for the fiscal second quarter 2014. Net income (GAAP) was $20.7 million, or $0.17 per diluted common share, which compares to a GAAP net loss of $(10.2) million, or $(0.10) per diluted common share, for the fiscal second quarter 2014.

“We delivered outstanding second quarter results that, when combined with our strong financial performance during the past several quarters, demonstrate increased operating leverage and sustained momentum in our business,” said Gary B. Smith, president and CEO, Ciena. “This performance also reflects our industry-leading ability to deliver open, on-demand, software-driven networks for an increasingly diverse set of customers across the globe.”

Some highlights:

• U.S. customers contributed 59.1% of total revenue
• One customer accounted for greater than 10% of revenue and represented 19% of total revenue
• Cash and investments totaled $816.7 million
• Cash flow from operations totaled $37.8 million
• Average days’ sales outstanding (DSOs) were 80
• Accounts receivable balance was $553.3 million
• Inventories totaled $214.6 million
• Product inventory turns were 5.3
• Headcount totaled 5,108

http://www.ciena.com