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Jan 28, 2023
Ciena Q1 2023 Earnings Report
Ciena's Q1 2023 financial results were reported, with revenue increasing 25% year-over-year.
Key Takeaways
Ciena reported record revenue of $1.06 billion in Q1 2023, a 25% increase year-over-year, driven by improvements in the supply chain environment and strong customer demand. GAAP net income was $76.2 million, or $0.51 per diluted share, while non-GAAP net income was $95.6 million, or $0.64 per diluted share.
Revenue reached a record $1.06 billion, up 25% year-over-year.
GAAP net income per share was $0.51, compared to $0.29 in the prior year.
Non-GAAP net income per share was $0.64, compared to $0.47 in the prior year.
The company remains confident in its ability to continue to take market share due to strong business momentum and backlog visibility.
Revenue by Segment
Forward Guidance
Ciena did not provide specific forward guidance in the press release. The release expresses confidence in the company's ability to continue taking market share based on business momentum and backlog visibility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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