Ciena Corp., a Hanover-based telecommunications network service company, announced Thursday that its earned a profit of $20.7 million in the quarter ended April 30, reversing a loss of $10.2 million in the same period last year.
It earned 17 cents per share in what is its second quarter, after losing 10 cents in the February-to-April period a year ago.
Revenue grew 11 percent to $621.6 million in the recent quarter, from $560.1 million a year earlier.
"We delivered outstanding second quarter results that, when combined with our strong financial performance during the past several quarters, demonstrate increased operating leverage and sustained momentum in our business," said Gary B. Smith, Ciena's president and CEO, in a statement. "This performance also reflects our industry-leading ability to deliver open, on-demand, software-driven networks for an increasingly diverse set of customers across the globe."
Shares in Ciena rose 60 cents to trade at $25.04 around midday Thursday.