By Denny Jacob
Ciena posted higher-than-expected revenue in its latest quarter, benefiting from continued interest in networks able to support technologies including the cloud and artificial intelligence.
The networking-systems and software company logged net income of $44.6 million, or 31 cents a share, for the first quarter ended Feb. 1, down from $49.5 million, or 34 cents a share, in the year-ago period.
Stripping out one-time items, earnings came in at 64 cents a share. Analysts polled by FactSet expected 41 cents a share.
Revenue rose to $1.07 billion from $1.04 billion. Analysts polled by FactSet expected $1.05 billion.
Networking platforms, the segment which accounts for the majority of all revenue, recorded revenue of $821.2 million, up from $807.2 million in the prior-year period.
Chief Executive Gary Smith said the company was confident in its ability to deliver in the fiscal year as global investments in networks to scale for cloud and AI are expected to continue.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 11, 2025 07:35 ET (11:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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