Thank as higher expected the you, a our XX.X%. was than XXXX. million. extraordinary revenue accounts This variable morning, in marked and in to compensation QX doubtful Latin in well everyone. to performance Gary. one-off for adjusted operating the Good Total million. largely tied expense an as due a margin America. was quarter quarter the end year, higher gross strong charge was Adjusted $XXX fiscal was $XXX strong to QX
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we mentioned, ended and quarter Gary in As approximately investments. billion $X cash the with
the above share to Finally, year X the million which to points fourth XXXX, of fiscal believe Gary quarter, X on to for execute growth our annual growth. amount year, market we approximately out $XXX XXXX. In full With million X% for revenue the above repurchased we and as million result X% in fiscal $XX approximately from performance percentage repurchased market XX% increased of expected. our close a as significantly we with that well plans. target gained to as of buyback total shares approximately respect performance this rate continue share our mentioned, We of was
of our greatly million XXXX our represents Adjusted cash to was target flow adjusted fiscal rate. EPS annual well exceeded target $XXX for XX XX% was above income, XX% $X.XX, percent growth And which XX% which free plus operating also range. finally,
XXXX. in the again updated financial fiscal set through of in providing this three are an strong targets, performance XXXX, we year year Following case
reflect part, the most execute. confidence targets remain the long-term and continued in about our to the same For ability these
will speak full call. will presentation only in that our website have I’ll and The after few address the long-term metrics those to this set be So on included that of changed. a our targets earnings posted be key
on per and approximately X% maintaining revenue over start, target driving focus rate as the three growth rate our continued in To next year over three our the a we September, to next increased a adjusted With years. target of annual to profitability, growth years. share in XX% at we previewed continue per earnings X% we are
margin start with an I'll operating adjusted update. And
to operating revenue a XXXX. From confidence there, as to an we some target adjusted Given gained growth we increasing is long-term expense be as XXXX, now operating operating margin efficiencies improvement, and our as in sight of for fiscal additional well disciplined operating our line model, management, now and XXXX. for within operating margin fiscal for through goal our XX% gross margin a margin are to that have well XX% continued XX% adjusted achievable performance as
years margin continued that operating our set our know future for for performance. out many Ciena confidence Investors targets reflecting in we the of company have
have space. a in again operating these bar higher a target, performance new for for a have to operating And ourselves we targets, set XX% next achieved XX% target higher this As for of our new this margin. done year. We've we each margin sets this
years. three cash of of our Services annual next targeting to segment. adjusted our to now is we growth Final in we are annual income long-term to flow Blue revenue respect and our update XX% cash for are expectation targets XX% generation, over With for operating are increasing approximately the Planet
to target that For segment, million revenue now XXXX. are our fiscal to we in for $XXX million reaching $XXX
these long-term as in headwinds, industry With provide I'll drivers targets takes while earlier, our view for against positive into our fiscal account mind, expectations Gary business. year balancing the mentioned XXXX, of into which, a now
recall consistent we revenue grow You in consensus that when September, will that to at that we financial XXXX said QX results expectation with in the reported time. we expect
for long-term We level our revenue years to two the growth growth X% our of return after rate X% And low extraordinary growth. expect continue a range XXXX. target to reflecting that end of of annual target to
that approximately expectation grow growth by mid-single-digits, in low faster Specifically, given expected continued for and XXXX $X.X to the our consensus of it closely leadership. billion. market driven market to And gains share only revenue with current the market represents the aligns than is
range With year XX% we XXXX, a efficiencies additional expect drive of improvements expense, taken deliver gross operating steps adjusted XX%. we've respect and the fiscal to the business. across last for significant process to margin As over to to in
be expect down million we to flat XXXX to average slightly per XXXX, in from quarter. fiscal $XXX to the result, a million levels As OpEx in range $XXX of adjusted
that increased operating XXXX. As an margin target XX% I achievable mentioned confidence efficiencies goal adjusted is us fiscal gives drive our previously, in for this
XXXX deliver quarter the first finally, expect following: we to speaking And fiscal to performance, our
adjusted to Revenue of adjusted of $XXX a operating million, with consistent expense margin gross $XXX million. seasonality in the million we and shared XX% $XXX in revenue disclosure range; approximately to range previously; historical XX%
with close I'll this:
We our the space. market in established are leader
customer including we press business financial technology. to segments The performance competitive deliver down geographies, diversification intend ability leverage differentiated global to our We advantages, our to aggressively in in applications, to expectations. and our our continue and ability on our to target leadership our scale critical meet remain outperform and and across our consistent,
XXXX, continue our proven the of growth in about feel increasing verticals. and business, strong We basis Year underpinned and we with the to and to enter share, ability navigate form by New market broad-based geographies ability taking challenges, great a strengths drive visibility foundational resilient These and profitability. confidence balanced across our and and great short-term
now sell analysts. the we'll from questions Sharon, side take
