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Article: Md. Fiber-Optics Firm Ciena Narrows Loss Despite Revenue Drop
- Article from:
- The Washington Post
- Article date:
- May 23, 2003
- Author:
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Ciena Corp. announced yesterday that it trimmed its losses but
that its sales decreased in its most recent fiscal quarter.
The maker of fiber-optics equipment is trying to muscle its way to
profitability by developing new products and targeting bigger
customers.
The Linthicum, Md., company said it lost $75.5 million (17 cents
per share) in its fiscal second quarter ended April 30, compared with
a loss of $612.2 million ($1.86) a year earlier. Revenue fell to
$73.5 million from $87.1 million.
Economic recovery won't be immediate, but Ciena is starting to
meet some milestones by winning new customers and adding new