On Ciena’s fiscal fourth quarter 2016 earnings report today, the company said it had an order backlog of $1.15 billion, “its highest ever.” Ciena’s stock is up about 14 percent.
For the fiscal fourth quarter 2016, ending October 31, Ciena reported revenue of $716.2 million as compared to $692 million for the same quarter 2015, up 3.5 percent. For fiscal year 2016, Ciena reported revenue of $2.6 billion, as compared to $2.4 billion for fiscal year 2015.
Ciena’s non-GAAP net income for Q4 2016 was $69.4 million, or $0.44 per share, which compares to non-GAAP net income of $67.3 million, or $0.42 per share, for Q4 2015. And for fiscal year 2016, non-GAAP net income was $214.6 million, or $1.38 per share, as compared to non-GAAP net income of $179.0 million, or $1.31 per share for fiscal year 2015.
The company’s software and software-related services segment saw revenue growth over $10 million year-over-year. Revenues for the software segment grew from $26.3 million in Q4 2015 to $37.6 million in Q4 2016. This includes its BluePlanet software-defined networking (SDN) offering.
In terms of guidance for fiscal first quarter 2017, Ciena expects revenue in the range of $615 million to $645 million. The midpoint of that range would represents growth of 9.9 percent. Here’s an excerpt from Ciena’s earnings report: