Filing Flows › Ciena (CIEN) › Q4 FY24
Ciena (CIEN) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 20, 2024
Ciena (CIEN) reported revenue of $1.1B for the fourth quarter fiscal 2024 (Q4 FY24), -0.5% from a year earlier and +19% from the quarter before. Operating margin was 5.3%, net earnings $37.0M (3.3% of revenue).
Ciena, Q4 FY24: revenue $1.1B (-0.5% year over year), operating margin 5.3%, net earnings $37.0M, operating cash flow $349M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +19% | -0.5% |
| Gross profit | $460M | +14% | -5% |
| Operating profit | $59.2M | +121% | -35% |
| Net earnings | $37.0M | +160% | -59% |
| Operating cash flow | $349M | — | +79% |
| Free cash flow | $266M | — | +54% |
What changed
Revenue was $1.1B in Q4 FY24, roughly flat year over year and up 19% from the previous quarter. Optical Networking was the largest line at 69% of revenue.
Gross margin was 40.9%, down 2.1 points from a year earlier. Operating profit was $0.06B, a 5.3% margin (down 2.8 points year over year). Operating expenses grew 1% against flat revenue. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $0.04B, down 59% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.35B (up 79% year over year), 944% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.08B left free cash flow of $0.27B.
Questions
What was Ciena's revenue in the fourth quarter fiscal 2024?
Ciena (CIEN) reported revenue of $1.1B for the fourth quarter fiscal 2024 (Q4 FY24), -0.5% from a year earlier and +19% from the quarter before.
Was Ciena profitable in the fourth quarter fiscal 2024?
Operating profit was $59.2M (5.3% of revenue) and net earnings $37.0M.
Source: Ciena 10-K on SEC EDGAR.