Ciena posts 11% rise in Q2 revenues

NEW DELHI: Networking solution provider Ciena has reported 11% rise in its revenues at $621.6 million in the second quarter of 2015 as compared to $560.1 million in the same period last year.

On the basis of generally accepted accounting principles (GAAP), Ciena's net income for the fiscal second quarter 2015 was $20.7 million, compared to a GAAP net loss of $10.2 million for the fiscal second quarter 2014.

Ciena's adjusted (non-GAAP) net income for the fiscal second quarter 2015 was $47.3 million as against $19.4 million in the year-ago period.

"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.”