…” said Gary Smith, Ciena CEO and president. “In addition to solid revenue growth, our fiscal second quarter results benefited from continued gross margin improvement resulting from our ongoing product and manufacturing-related cost reductions as well as a favorable product mix in the quarter…

…Company’s quarterly results from a net loss of $4.3 million to net income of $13.6 million. The GAAP net loss per share, calculated using the basic share count of 589.4 million shares, is a loss of $0.01 per share. Since the consequence of the adjustments described above result in moving from a net…

…acquired inventory – an infrequent charge required by acquisition accounting rules resulting from the required revaluation of inventory acquired from the MEN Business to estimated fair value. This revaluation resulted in a net increase in inventory carrying value and an increase in cost of goods sold…

…for the eighth straight quarter and continued gross margin and operating cost improvements, Ciena’s first quarter results demonstrate our persistent execution and resulting progress toward profitability,” said Ciena CEO and President Gary Smith. “We continue to believe that Ciena&rsquo…

…network specialist position, thereby driving strong revenue growth,” said Ciena CEO and President, Gary Smith. “As a result, our fiscal fourth quarter results represent our eleventh sequential quarterly increase in revenue, at a pace exceeding that of the overall market. Customers are embracing…

…per share. Ciena completed its acquisition of ONI Systems Corp. on June 21, 2002. As a result, the Company’s third quarter results include approximately six weeks of combined Ciena and ONI financial results. During the quarter, Ciena took a restructuring charge of approximately $18.6 million, associated…

…acquired inventory - an infrequent charge required by acquisition accounting rules resulting from the required revaluation of inventory acquired from the MEN Business to estimated fair value. This revaluation resulted in a net increase in inventory carrying value and an increase in cost of goods sold…

…to the market is on target, are evident in our fiscal third quarter results,” said Gary Smith, Ciena’s president and CEO. “In addition to delivering solid revenue growth for our sixth sequential quarter, as a result of deliberate actions taken over the last several years to expand our…

…’s six-month GAAP results as noted would reduce the Company’s net loss for the period to $0.21 per share. In addition to the adjustments in the table above, during the second quarter the Company recorded a $1.4 million benefit for excess and obsolete inventory, resulting from the sale of previously…

Ciena® Corporation (NASDAQ: CIEN), a leading global provider of innovative networking solutions, today reported its third quarter results for the period ending July 31, 2003. Revenue for the quarter totaled $68.5 million, an increase of 37% from same period a year ago. On a generally accepted accounting…