Ciena said revenue for Q1 of fiscal 2025 increased 3.3% to $1.07 billion, up $34.5 million from $1.04 billion in the prior-year quarter. The company cited year-over-year order growth in its major customer segments, led by cloud providers.

1. 01

   Ciena said revenue for Q1 of fiscal 2025 increased 3.3% to $1.07 billion, up $34.5 million from $1.04 billion in the prior-year quarter. The company cited year-over-year order growth in its major customer segments, led by cloud providers.

2. 02

   Ciena said gross profit for Q1 increased $4.9 million, but gross margin declined 100 basis points. Product gross margin fell to 42.6% from 44.2%, while services gross margin rose to 49.6% from 48.4%.

3. 03

   The company said Americas revenue for Q1 of fiscal 2025 increased $77.4 million, EMEA revenue decreased $49.5 million, and APAC revenue increased $6.6 million. Ciena cited decreased sales to cloud providers and submarine network operators as factors in the EMEA decline.

4. 04

   Ciena said cash provided by operating activities for the first 3 months of fiscal 2025 was $103.7 million, and cash used for stock repurchases during the same period was $81.2 million. As of February 1, 2025, cash, cash equivalents, and investments totaled $1.3 billion.

Key figures

Quarter ended February 1, 2025

Revenue

$1.1B

Operating income

$81M

Net income

$45M

EPS

$0.31

Gross profit

$472M

Operating cash flow

$104M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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Original filing

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