Ciena (CIEN) Revenue — Quarter Ended Jan 28, 2023
Total revenue increased compared to both the prior quarter and the same quarter a year ago. Product revenue rose substantially, while services revenue remained nearly unchanged.
Key takeaway
Quarter ended Jan 28, 2023 · FY2023 Q1
Total revenue increased compared to both the prior quarter and the same quarter a year ago. Product revenue rose substantially, while services revenue remained nearly unchanged.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+8.8%
Change from the immediately preceding quarter.
Year-over-year
+25.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $949.2M | +13.8% |
| Jul 30, 2022 | $868M | -12.2% |
| Oct 29, 2022 | $971M | -6.8% |
| Jan 28, 2023 | $1.1B | +25.1% |
Revenue performance
Revenue for the quarter grew sequentially, continuing an upward trajectory from the previous period. The year-over-year increase was notably larger than the sequential gain.
Quarterly comparison
Compared to the immediate prior quarter, revenue improved. Versus the same period one year earlier, the advance was more pronounced.
What to watch
Cash used in operating activities exceeded net income, driven by higher working capital requirements, which may warrant attention in future periods.