Ciena reported Q4 revenue of $1.12 billion and a GAAP net income per share of $0.25. The company's CEO noted that the results reflect their technology leadership and positive industry dynamics, positioning them for future growth.
Q4 revenue was $1.12 billion, slightly down from $1.13 billion in Q4 2023.
GAAP net income per share was $0.25, compared to $0.62 in Q4 2023.
Adjusted (non-GAAP) net income per share was $0.54, compared to $0.75 in Q4 2023.
Approximately 2.1 million shares were repurchased for $132.0 million during the quarter.
Ciena anticipates accelerated revenue growth and market share expansion, driven by increasing bandwidth demand from Cloud and AI.
Visualization of income flow from segment revenue to net income