Ciena's earnings rise 14% year-over-year on strong P-OTS, software, services sales

Ciena (Nasdaq: CIEN) reported that its fiscal Q2 2012 earnings were up 14 percent year-over-year as it saw strong gains, particularly in Packet-Optical Transport Systems (P-OTS) and software and services.

For the quarter, the vendor reported revenue of $477.6 million.

It also reduced its losses to $27.8 million, or $0.28 per common share, down from the $62.7 million, or $(0.66) per common share loss, it reported in fiscal Q2 2011.

Financial analysts polled by Thomson Reuters I/B/E/S forecasted a loss of 3 cents per share, excluding items, on revenue of $447 million.

During the quarter, Ciena saw strong sales for its P-OTS and software and services segments.

P-OTS revenue grew 66 percent year-over-year to $318 million, while software and services were up 20.5 percent, to $98 million. Much of the P-OTS revenue is attributable to a number of major service providers--including Verizon (NYSE: VZ) and Cable & Wireless Worldwide (LSE: CW.L)--purchasing its gear for 100G projects during the quarter.

Meanwhile, it continued to see gains in its Packet-Optical Switching and Carrier-Ethernet Solutions segments, which rose 6.5 and 6.4 percent respectively, to $31.0 and 30.6 million, in the quarter.

Looking forward, Ciena has forecast fiscal Q3 2012 revenues to be in the range of $455 million to $485 million, which matches financial analysts' revenue prediction of $471.1 million.

The Linthicum, Md.-based company's shares were trading at 12.85, up 0.97 cents, or 8.16 percent, in late-morning trading Thursday on the Nasdaq.

For more:
 - see the earnings release
 - Reuters has this article

Special Report: Wireline in the first quarter of 2012

Related articles:
Ciena ups its control plane ante with new OneConnect offering
Ciena reports fiscal Q1 2012 loss, but remains upbeat about Carrier Ethernet sales
In detail: Following the Packet Optical Transport Systems (P-OTS) evolution
UPDATED: Verizon takes 100G optical into its metro networks
ROADM and WSS components to resume growth in 2012

Suggested Articles

U.S. Secretary of Defense Mark Esper has removed himself from the review of the Pentagon's $10 billion JEDI cloud-computing contract.

On Tuesday, Extreme Networks announced a new cloud management application that uses artificial intelligence and machine learning.

Kansys announced on Tuesday that it's buying Ericsson's enterprise and cloud billing (ECB) business for an undisclosed sum.