Ciena Q1 2022 Earnings Report
Key Takeaways
Ciena reported revenue of $844.4 million for the fiscal first quarter 2022, compared to $757.1 million for the fiscal first quarter 2021. GAAP net income for the fiscal first quarter 2022 was $45.8 million, or $0.29 per diluted common share, compared to a GAAP net income of $55.3 million, or $0.35 per diluted common share, for the fiscal first quarter 2021.
Q1 Revenue: $844.4 million
Q1 Net Income per Share: $0.29 GAAP; $0.47 adjusted (non-GAAP)
Share Repurchases: Ciena entered into a $250 million accelerated share repurchase arrangement during the first quarter of fiscal 2022.
First quarter revenue grew more than 10% year-over-year.
Ciena
Ciena
Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Forward Guidance
We expect our strategic investments to drive a significant increase in supply chain capacity in the second half, and therefore remain confident in our ability to address demand and achieve the strong revenue growth we expect for the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income