CIEN Q1 2024 Earnings — Ciena Corporation Revenue & Financial Results | Market Cap Arena

CIENCiena Corporation

$49B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$1.0B-1.8% YoY

Gross Profit

$437M42.1% margin

Operating Income

$90M8.6% margin

Net Income

$50M4.8% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$264M

Free Cash Flow

$247M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$2.7B

Stockholders' Equity

$2.9B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$1.1B	-1.8%
Gross Profit	$437M	$426M	+2.5%
Operating Income	$90M	$92M	-2.7%
Net Income	$50M	$76M	-35.0%

Revenue Segments

Networking Platforms Segment

$807M78%

Global Services

$127M12%

Platform Software and Services Segment

$90M9%

Blue Planet Automation Software and Services Segment

$14M1%

Geographic Segments

North America

$718M69%

EMEA

$207M20%

Asia Pacific

$112M11%