Ciena Corporation (NYSE:CIEN) reported strong growth in sales and profit in the fourth quarter boosted by strong optical networking sales.
The networking systems, services and software company said in the financial fourth quarter ended October 28 revenue rose to $1.13 billion from $971 million the year before.
Within this, optical-networking sales jumped 15% to $748 million.
GAAP net income jumped to $91.2 million, or $0.62 per diluted common share, from $57.6 million, or $0.39 the year before.
Adjusted (non-GAAP) net income for the quarter was $111.2 million, or $0.75 per diluted common share, rising from $90.9 million, or $0.61 the year before.
"Today we reported strong fiscal fourth quarter results, driven by positive demand dynamics, particularly with cloud provider customers. We delivered an outstanding fiscal year with 21% growth in revenue, gaining significant market share and further advancing our industry leadership position," said Gary Smith, CEO of Ciena.
"Looking ahead, as we execute on our strategy to extend our market leadership in optical while expanding our opportunities in routing and switching, we expect to continue to grow revenue faster than the market and take share."
Shares rose 3% in pre-market trading.