Ciena Posts Sales of $507.7 million, Loss of $27 Million
Ciena reported revenue of $507.7 million for its second quarter of fiscal 2013, up 6.3% YoY and up 12% sequentially. Ciena’s net loss (GAAP) was $(27.1) million, or $(0.27) per common share, which compares to a GAAP net loss of $(27.8) million, or $(0.28) per common share, for the fiscal second quarter 2012.
“We have designed Ciena to take advantage of the fundamental shift in network architecture driven by changing end-user demands, and our strong quarterly and first half of 2013 performance are a direct result of that strategy. Our unique ability to provide customers convergence, automation, openness and software intelligence positions us to lead the industry in this shift,” said Gary B. Smith, president and CEO of Ciena.
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You just read about Ciena. One of the companies whose work it now carries:
World Wide Packets built Carrier Ethernet switches and service management. What became of it?
World Wide Packets brought Carrier Ethernet switches and service management to Networking. That work was distinctive enough to lead to its acquisition by Ciena for US$296M. The standalone name now passes into the archive — but the team and technology continue inside Ciena today. One of 430 names here whose work outlived the company.
You just read about Optical. A technology from the archive that helped get us here:
FDDI-II served 1990–1990. What ultimately replaced it?
FDDI-II added isochronous, circuit-switched channels to FDDI so it could carry voice and video alongside data. It has largely passed into history, but the ideas it proved still shape the networks that followed. Its name rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
