margin solid come. QX billion, revenue. increased range, revenue first highlighted margin direct year. gross income quarter EPS supply at Ciena, impact $XXX.X QX, adjusted new was Good adjusted an performance. which adjusted expense operating respect the exceeded quarter many as we of as operating it and Gary. order $X.XX And our increased everyone. was the the quarter QX With extremely dynamics there within of the we the reflects book above as for is Thanks, $X a million in in strong [indiscernible] end Total expectations. well somewhat We more profitability delivered to and delivered quarter variable comp million be wins. $XXX adjusted was and our result the billion net in higher of monetization of It XX.X%, to revenue is $X.XX. morning, to orders and quarter, costs the will last a logistics significantly Adjusted XX.X%, primarily in guidance the of ever of of due measures, was
cash and in approximately EBITDA Also million In million, from adjusted we in for shares operations repurchased $XXX a was total addition, X.X QX, fiscal XXX,XXX ‘XX. million QX, for million. $XXX in repurchased shares $XX.X was approximately of our
full billion, at our guidance the of range. $X.XX for year, performance was end our annual the Regarding high annual revenue fiscal which was
mentioned, gross ‘XX fiscal for expected. strong totaled $X.X billion Adjusted year we ended we Gary As the billion, margin adjusted year $X.XX backlog. was for as OpEx And very at in the with XX.X%. largely
high end operating flow and the profitability. our XXXX to almost XX% margin $X.XX. was at guidance [ph] EPS fiscal in was Free of $XXX range, million income. for XXXX at adjusted strong of cash Moving Adjusted operating fiscal XX.X%, was or adjusted very
We sheet remains approximately in investments. balance the cash a significant competitive differentiator. ended $X.X year billion Our and with
Looking to be our for the fiscal growth outsized year of ‘XX full fiscal a we will believe year, year business.
with to visibility in pandemic spending and year. to More numbers we that are well in strong of to XXXX of record economic grow and related margin have XX% that of quarter of uncertainty. monetization wins initial new couple also [ph] backlog secured performance the the With for as of margins. XX% in in in we we new to two [ph] the for increased year following the returned due And gross some revenue rollouts challenges of expect our levels, awards. years in increasing opportunities, We fiscal past has margin, saw and including impact to to automotive range manifesting dynamics Ciena XX%. the significant will wins higher believe see fiscal our ‘XX gross expect supply pronounced continue. increases as the will we our is that ‘XX lower deals will logistics and continue. range the chain help that unique speeds specifically Customer are new our deployments to Accordingly, investments our be And previous cost gross significant historical now that for over us XX%. near-term a years we to respect Accordingly, and year fiscal year we the monetizing multiple of
addressable investing switching our in automation intend markets. and routing we our to business, growing particular, strategically ‘XX. at adjusted $XXX in expense, continue expense in portfolios in we in leverage average expect our and operating to opportunities software operating million quarter per Therefore, these fiscal For
and expected As number the year. always, bit quarter-to-quarter, increase through start vary lower a and this will is to
fiscal in to margin be XX% ‘XX We adjusted XX%. of in to expect operating the range
in order during In the addition, and be continue of fiscal will supply receivables ongoing the investments cages. accounts impact we mitigating chain to in inventory making ‘XX,
will a XX% As expect result, cash be in free XX% to our flow ‘XX that fiscal we Difficulty]. [Technical
quarter, coming million expect adjusted in revenue range XX% the to operating QX to million, XX% adjusted the in For of $XXX deliver a to million. expense we of approximately ‘XX, $XXX and range, margin gross $XXX
important to greater gains indicators growth, from Overall, we and us performance a revenue the As to resume profitability next what financial over Ciena Gary mentioned, of of is believe cash are puts view in demand driving our cash We our visibility positioned longer-term are a believe indication strong and years. and we and flows. which well and us, continue expect position progress the of best line three is top flow. to most of that deliver industry, the solid the target combination secular providing Three-year targets. business for to long-term
On growth in to ‘XX, we to range expect the our particularly expect to driving growth. per earnings in respect to over market XXXX, intend revenue profitability revenue we [Technical with share we adjusted X%. to recent expect resume fiscal and Difficulty] approximately line, EPS our have share, line we the as last in to top return on growth to maintain Beginning of Difficulty] decade. business, annual and in focus as we [Technical we increased continue X% resume to With historical continue
earnings our to outlook, Also, next the [Technical XX% targeting of in of generation beginning annual [ph] free per expect long-term the Difficulty]. of ‘XX adjusted income Specifically, approximately part are we as cash flow operating we XX% grow our to share adjusted few over years.
enable operating operating continue from growing margin, model, on will [Technical respect increase profitability. driving with us expected our focus revenue Difficulty] expense to leverage we operating in to to Finally, our particular,
we up second arrangement million or market enter accelerated and authorized common for operating our has of the whereby result, we capital announced sheet of over years, the for our $XXX to to those we than ‘XX. we of next authorization. Under that new portion Board to several $X to in fiscal unused our and are ‘XX. XX% cash a achieve [Technical the ASR our [Technical adjusted to As a our targeting of previously more return a to share fiscal our $XXX program Difficulty] We Directors XX% repurchase up repurchase to also significant common repurchase purchases dynamics. fiscal be the authorization, expectations arrangement, and ‘XX. With to in settlement balance quarter expected this into of margin stock. for billion due Difficulty] pandemic strong to to the resulting increase Today, our by stock. industry now of shareholders. make are is announced the generation position ASR, a new we’ve to completed the announced end up million the Final completing repurchase of will year previous of intent
based and of market market, liquidity, purchases our conditions, million Following the will $XXX our business factors. completion be general remaining other price, stock and on timing the cash the of flow ASR
fully to the utilize is XXXX. intent the of authorization end repurchase Our fiscal by
well return growth. strong demand including we balance. We supply capital expect continued backlog new repurchase going performance cash quarter while hand confident conditions. for our strong to delivered our fiscal into in In the ‘XX, leadership environment, and strong meaningful of we a the market and demonstrate with significant cash cash fourth year, ‘XX With operations. commitment maintaining very outsized the program are another or [Technical despite phase finance ASR a results fiscal and and next on to authorization deployment, This challenges, revenue represent Difficulty] shareholders liquidity share as as very chain closing,
to from For analyst. strong capital portfolio. our and differentiated to are And shareholders, address transformation edge position take will switching automation to and we’ll new term, innovation applications Difficulty] position financial we the sell-side continued intend software we a routing through return enable our questions now so. do our with Operator, longer and growing [Technical in to investments in technologies digital
