Strong demand in India contributes to Ciena revenue growth
Ciena reported its third quarter financials this week and strong growth in the APAC region, along with other positive trends, resulted in Q3 revenues of $819 million up more than 12% from the same quarter last year.
- Three of the Ciena’s top 10 customers in Q3 were webscale players, “including one that exceeded 10% of total quarterly sales—a first for Ciena;”
- New Tier 1 provider business, including a big deal with Deutsche Telekom “in support of its international wholesale business entity,” which is a “Europe-wide” project;
- An almost 50% increase in APAC sales with India accounting for 10% of global revenue
“The combination of continued execution against our strategy and robust, broad-based customer demand resulted in outstanding fiscal third quarter performance,” Gary Smith, president and CEO of Ciena, said in a statement. “With our diversification, global scale and innovation leadership, we remain confident in our business model and our ability to achieve our three-year financial targets.”
Given the demands on current networks, along with what’s expected from 5G, there’s major global investment in fiber infrastructure, which is a good thing for Ciena.
In a company blog post, Brian Lavallee, senior director of portfolio marketing, posed the question, “Will fiber continue to be the workhorse for high-speed communications going forward, in all parts of the global network infrastructure? The answer is a resounding–YES–as there’s no viable substitute from a pure capacity perspective that’s essential to maintain pace with the voracious bandwidth demands the world over.”
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