Ciena reported revenue of $573.1 million as compared to $529.2 million for the fiscal first quarter 2015. Net loss (GAAP) for the fiscal first quarter 2016 was $(11.5) million, or $(0.08) per diluted common share, which compares to a GAAP net loss of $(18.8) million, or $(0.17) per diluted common share, for the fiscal first quarter 2015.
“We delivered strong first quarter business and financial performance, including 8% adjusted operating margin, highlighted by engagement with a more diverse set of customers,” said Gary B. Smith, president and CEO, Ciena. “Despite some recent volatility in the broader macroeconomic environment, the demand drivers for our business remain firmly in place and we are well positioned to translate our market leadership into continued growth and profitability this fiscal year.”
Some highlights:
- U.S. customers contributed 63.7% of total revenue
- One customer accounted for greater than 10% of revenue and represented 22% of total revenue
- Cash and investments totaled $995.4 million
