Ciena (CIEN) Revenue — Quarter Ended Jul 27, 2024
Revenue increased sequentially from the preceding quarter but declined compared to the same quarter one year earlier. This quarter reversed the prior quarter's decline.
Key takeaway
Quarter ended Jul 27, 2024 · FY2024 Q3
Revenue increased sequentially from the preceding quarter but declined compared to the same quarter one year earlier. This quarter reversed the prior quarter's decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$942.3M
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-11.8%
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 |
|---|---|---|
| Oct 28, 2023 | $1.1B | +16.3% |
| Jan 27, 2024 | $1B | -1.8% |
| Apr 27, 2024 | $910.8M | -19.6% |
| Jul 27, 2024 | $942.3M | -11.8% |
Revenue performance
Both product and services revenue contributed to the sequential growth, with services revenue also rising year-over-year.
Quarterly comparison
Relative to the immediately preceding quarter, revenue improved, while relative to the same quarter one year ago, revenue decreased. The trend shows a recovery from the previous quarter's low point.
What to watch
The company recognized significant asset impairment and restructuring costs, which reduced operating income.