Ciena Reports Fiscal First Quarter 2025 Financial Results

　　Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter endedFebruary 1, 2025.

　　Q1 Revenue:　$1.07 billion

　　Q1 Net Income per Share:　$0.31

　　GAAP;　$0.64　adjusted (non-GAAP)

　　Share Repurchases: Repurchased approximately 1.0 million shares of common stock for an aggregate price of　$79.2 million during the quarter

　　"We delivered strong fiscal first quarter results that reflect balanced growth and strong momentum across our customer segments and reinforce the continuation of positive demand dynamics," saidGary Smith, president and CEO, Ciena. "As the global leader in high-speed connectivity, we are incredibly well positioned to benefit from the global investment in networks to scale for cloud and AI. As a result, we are very confident in our ability to deliver in fiscal year 2025 and beyond."

　　For the fiscal first quarter 2025, Ciena reported revenue of$1.07 billionas compared to$1.04 billionfor the fiscal first quarter 2024.

　　Ciena's GAAP net income for the fiscal first quarter 2025 was$44.6 million, or$0.31per diluted common share, which compares to a GAAP net income of$49.5 million, or$0.34per diluted common share, for the fiscal first quarter 2024.

　　Ciena's adjusted (non-GAAP) net income for the fiscal first quarter 2025 was$94.0 million, or$0.64per diluted common share, which compares to an adjusted (non-GAAP) net income of$96.8 million, or$0.66per diluted common share, for the fiscal first quarter 2024.

　　Fiscal First Quarter 2025 Performance Summary

　　The tables below (in millions, except percentage data) provide comparisons of certain quarterly results to the prior year. Appendices A and B set forth reconciliations between the GAAP and adjusted (non-GAAP) measures contained in this release.