Powered by strong converged packet-optical sales, Ciena posted a strong fiscal Q2 report this morning, surpassing both estimates and guidance on virtually all fronts. Here are a few of their numbers in some context:
|$ in millions||FQ2/14||FQ3/14||FQ4/14||FQ1/15||FQ2/15||FQ3/15
|-Software and Services||107.1||121.1||124.8||115.3||118.9|
Revenues were above the top end of the guided range ($585-615M) while expenses were lower. That is a happy combination that led to an adjusted EPS number some 11 cents above analyst projections.
Guidance for fiscal Q3 straddled analyst projections, although with the midpoint perhaps a bit on the conservative side.
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