An increase in revenue cut second quarter losses by more than half year-over-year at networking equipment maker Ciena Corp.
The Maryland-based company, which employs 1,500 people in Ottawa, reported revenue of $560 million during the three-month period that ended April 30.
That’s up from $507.7 million during the same period last year.
OBJ360 (Sponsored)
Deep retrofits, done differently: new model for building upgrades
Deep energy retrofits are complex and costly – but also unpredictable. Each building has its own unique characteristics, shaped by its history, systems, and structure. For Killam Apartment REIT and
Sharing “PapaJo’s” story to shine the spotlight on the Campaign to Create Tomorrow
Visitors to the seventh floor of The Ottawa Hospital’s General campus may do a double take outside Room 7123. A plaque beside the door references “PapaJo” Johns. Who, you may
The increased revenue pushed the company’s GAAP net loss down from $27.1 million last year to $10.2 million.
“As a direct result of our expanding role and reach in the industry, we delivered strong financial results in both our second quarter and first half of fiscal 2014, including continued revenue growth and increased operating leverage,” Gary B. Smith, president and CEO of Ciena, said in a release. “As the shift continues toward on-demand networking models and as we continue to diversify our business, we expect to deliver steadily improving financial performance, including performance in the second half of the year that is stronger than the first half.”
