Ciena achieves 18% yoy revenue growth

Ciena Corp. (NYSE: CIEN) said that for the fiscal first quarter 2014, its revenue was USD533.7m as compared to USD453.1m for the fiscal first quarter 2013.

On the basis of generally accepted accounting principles, Ciena´s net loss for the fiscal first quarter 2014 was USD(15.9)m, or USD(0.15) per common share, which compares to a GAAP net loss of USD(47.3)m, or USD(0.47) per common share, for the fiscal first quarter 2013.

Ciena´s adjusted (non-GAAP) net income for the fiscal first quarter 2014 was USD13.7m, or USD0.13 per diluted common share, which compares to an adjusted (non-GAAP) net income of USD12.3m, or USD0.12 per diluted common share, for the fiscal first quarter 2013.

Ciena is a network specialist. Its website is at www.ciena.com/investors,

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