- **Revenue**: $1.07 billion, an increase of 3.3% compared to the first quarter of fiscal 2024
- **GAAP net income**: $44.6 million, or $0.31 per diluted common share, compared to $49.5 million, or $0.34 in the first quarter of fiscal 2024
- **Adjusted (non-GAAP) net income**: $94.0 million, or $0.64 per diluted common share, compared to $96.8 million, or $0.66 in the first quarter of fiscal 2024
- **Share repurchases**: Approximately 1.0 million shares of common stock were repurchased at a total cost of $79.2 million.
### Key performance indicators:
- **Gross margin**: 44.0% (GAAP); 44.7% (adjusted).
- **Operating margin**: 7.5% (GAAP); 12.3% (adjusted).
- EBITDA**: 114.1 million US dollars (GAAP); 156.5 million US dollars (adjusted).
### Sales by segment:
- **Networking platforms**: 821.2 million US dollars
- Optical networks: 728.0 million US dollars
- Routing and switching: 93.2 million US dollars
- Platform software and services**: USD 95.1 million
- Blue Planet automation software and services**: USD 26.0 million
- Global services**: 130.0 million US dollars
### Geographic distribution:
- **Americas**: 795.7 million US dollars
- **EMEA (Europe, Middle East and Africa)**: 157.9 million US dollars
- Asia-Pacific**: 118.7 million US dollars
Ciena's financial results for the first quarter of 2025 exceeded expectations. Adjusted earnings per share amounted to USD 0.64, while analysts had expected only USD 0.39 on average. Revenue of USD 1.07 billion also exceeded the forecast of USD 1.05 billion. Overall, the results were better than expected and reflect a positive development.