Ciena Q2 FY2023 revenue $1.13B, EPS $0.74 adj; beats prior year on supply chain improvement

CIENA CORP

2023-Q2 EPS reported $0.89 revenue$2,189,176,000

Revenue $1.13B (+19.3% YoY); GAAP EPS $0.38 vs $0.25; adj. EPS $0.74 vs $0.50.
Adj. gross margin 43.7% (+0.7pp); adj. operating margin 13.8% (+2.5pp); adj. EBITDA $180.6M (+39.7%).
Networking Platforms revenue $914.9M (+24.6% YoY), driven by Converged Packet Optical $784.5M.
Cash from operations $229.8M; cash & investments $1.34B.
CEO cites improved supply chain dynamics enabling higher shipments; confident in market share gains.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CIENA CORP reported fiscal second quarter ended April 29, 2023 results: revenue $1.13 billion, net income $57.7 million, EPS $0.38 per diluted common share.

Period: fiscal second quarter ended April 29, 2023
Revenue: $1.13 billion
Net income: $57.7 million
EPS: $0.38 per diluted common share
Result: reported results

Exact text from the filing

Ciena reported revenue of $1.13 billion as compared to $949.2 million for the fiscal second quarter 2022. Ciena's GAAP net income for the fiscal second quarter 2023 was $57.7 million, or $0.38 per diluted common share

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Source: SEC EDGAR

accession 0000936395-23-000024

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