Record Revenue Driven by Cloud Providers
Ciena reported a strong fiscal second quarter with total revenue of $1.13 billion, driven by a significant 85% year-over-year increase in direct cloud provider revenue, which comprised 38% of total revenue.
Strong Order Growth and Market Demand
Orders in the quarter exceeded revenue, with a notable expectation that cloud provider orders will double in fiscal 2025 compared to the previous year.
WaveLogic Technology Leadership
Ciena's WaveLogic Xstream 1.6T WAN technology maintains an 18 to 24-month competitive lead, with significant new customer wins and strong demand for coherent pluggable solutions like 400ZR and 800ZR.
Software Business Momentum
The Navigator network control suite saw a 30% increase in orders year-over-year, while Blue Planet achieved its highest quarterly revenue, reflecting successful transformation efforts.
Positive Financial Performance
Ciena ended the quarter with $1.35 billion in cash and investments, repurchased 1.2 million shares, and generated $157 million in cash from operations.