Ciena (CIEN) Revenue — Quarter Ended Apr 29, 2023
Revenue increased compared with both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by higher product and services revenue, as reflected in the reported figures.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 Q2
Revenue increased compared with both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by higher product and services revenue, as reflected in the reported figures.
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
+7.2%
Change from the immediately preceding quarter.
Year-over-year
+19.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
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 |
|---|---|---|
| Jul 30, 2022 | $868M | -12.2% |
| Oct 29, 2022 | $971M | -6.8% |
| Jan 28, 2023 | $1.1B | +25.1% |
| Apr 29, 2023 | $1.1B | +19.3% |
Revenue performance
The reported revenue rose from the prior quarter, continuing the upward trajectory seen in the most recent period. The year-over-year comparison also showed a significant increase, indicating sustained demand.
Quarterly comparison
Sequentially, revenue improved from the quarter ended in late January of this year. On an annual basis, revenue was higher than the quarter ended in late April of the prior year.
What to watch
The company's operating cash flow was negative in the first six months, driven by working capital requirements exceeding adjusted net income.