CIENA reports 87% increase in fiscal 2001 revenue over fiscal 2000

Dec. 13, 2001
December 13, 2001-- CIENA Corporation (NASDAQ: CIEN) reported revenue of $367.8 million for its fourth fiscal quarter ended October 31, 2001. The results increased more than 27% compared to revenues of $287.6 million for the same period a year ago.

December 13, 2001-- CIENA Corporation (NASDAQ: CIEN) reported revenue of $367.8 million for its fourth fiscal quarter ended October 31, 2001. The results increased more than 27% compared to revenues of $287.6 million for the same period a year ago.

Adjusted net income per diluted share, after excluding a goodwill impairment charge, restructuring costs, deferred stock compensation charges, payroll taxes on stock option exercises and amortization of intangibles and goodwill was $17.1 million, or $0.05, earnings per diluted share. Reported, or GAAP, net loss for the period was $1,802.3 million, or a loss of $5.51 per diluted share.

For the twelve months ended October 31, 2001, CIENA reported revenue of $1,603.2 million, an 87% increase over revenue of $858.8 million for fiscal year 2000. For the fiscal year 2001, exclusive of a goodwill impairment charge, restructuring costs, deferred stock compensation charges, in-process research and development, provision for doubtful accounts, settlement of accrued contract obligations, payroll taxes on stock option exercises and amortization of intangibles and goodwill, CIENA's adjusted net income totaled $195.3 million, or $0.60, earnings per diluted share, an increase of 94% compared to fiscal year 2000 adjusted net income of $100.8 million, or $0.34, earnings per diluted share.

Sponsored Recommendations

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.

Data Center Network Advances

April 2, 2024
Lightwave’s latest on-topic eBook, which AFL and Henkel sponsor, will address advances in data center technology. The eBook looks at various topics, ranging...

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...

FTTx Deployment Strategies

March 29, 2023
Cable operators continue to deploy fiber in their networks at anincreasing rate. As fiber grows in importance, proper choices regardinghow to best fit fiber to the home together...