Ciena Q1 FY2023 revenue $1.06B (+25% YoY); GAAP EPS $0.51, adj. EPS $0.64

CIENA CORP

2023-Q1 EPS reported $0.51 revenue$1,056,521,000

Revenue $1.06B (+25% YoY); GAAP net income $76.2M ($0.51/diluted), adjusted $95.6M ($0.64).
GAAP gross margin 43.2% (down 2.3pp YoY); adjusted gross margin 43.7% (down 2.5pp).
Networking Platforms revenue $855.1M (80.9% of total); Converged Packet Optical up 36% to $735.6M.
Cash used in operations $265.6M; cash & investments $1.2B; DSOs 103 days; inventory $1.18B.
Two customers represented 25.7% of revenue; no specific forward guidance in release.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CIENA CORP reported fiscal first quarter ended January 28, 2023 results: revenue $1.06 billion, net income GAAP net income of $76.2 million, or $0.51 per diluted common share, EPS $0.51 GAAP; $0.64 adjusted (non-GAAP).

Period: fiscal first quarter ended January 28, 2023
Revenue: $1.06 billion
Net income: GAAP net income of $76.2 million, or $0.51 per diluted common share
EPS: $0.51 GAAP; $0.64 adjusted (non-GAAP)
Result: reported results

Exact text from the filing

CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 28, 2023. • Q1 Revenue : $1.06 billion • Q1 Net Income per Share: $0.51 GAAP; $0.64 adjusted (non-GAAP) "We delivered record revenue in the first quarter, reflecting continued gradual improvement in the supply chain

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Source: SEC EDGAR

accession 0000936395-23-000009

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