Ciena revenue shows weakness in business

Ciena’s 6500 Packet-Optical Platform
Ciena Corporation today said its revenue reached $640.7 million (+3.1 percent) in its fiscal second quarter ended April 30, 2016.

Ciena generated $512.2 million from Networking Platforms, $30.5 million from Software and $98 million from Global Services.

Out of $512.2 million from Networking Platforms business, Ciena generated $435.2 million from Converged Packet Optical, $68.5 million from Packet Networking and $8.5 million from Optical Transport business.

Ciena said 61.7 percent of revenue came from North America, $96.2 million from Europe, Middle East and Africa, $57.9 million from Caribbean and Latin America and $91.1 million from Asia Pacific region.

Ciena’s net income for the fiscal second quarter 2016 was $14 million as compared to net income of $20.7 million in the fiscal second quarter 2015.

Gary B Smith, president and CEO of Ciena, said: “As the industry shifts toward an on-demand networking model across an open ecosystem, we are confident in our ability to address those demands with a broader set of customers, applications and geographies to deliver sustainable long-term growth and increased profitability.”

Ciena says it expects revenue of $655 to $685 million during fiscal third quarter 2016.

Baburajan K

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

Latest

More like this
Related

Syniverse, BICS, iBASIS Lead Global IPX Vendor Market as 5G, AI, IoT and Satellite Drive Roaming

The global IP Exchange (IPX) market is entering a...

Nokia Q2 2026 Revenue Rises 8% to €4.815 bn as Optical Networks Jumps 19%, AI & Cloud Drives Growth

Nokia delivered strong second-quarter 2026 results, with revenue increasing...