| Stage | CRM | % of rev | CIEN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $11.3B | 100.00% | $1.7B | 100.00% | CRM ×6.79 |
| Gross profit | $8.7B | 76.65% | $759M | 45.43% | CRM +31.2pp |
| Operating income | $2.3B | 20.55% | $301M | 18.02% | CRM +2.5pp |
| Pre-tax income | $4.6B | 40.12% | $311M | 18.59% | CRM +21.5pp |
| Net income | $3.5B | 31.08% | $266M | 15.94% | CRM +15.1pp |
| Stage | CRM | CIEN | Gap · A − B |
|---|---|---|---|
| Revenue | $11.3B100.00% | $1.7B100.00% | CRM ×6.79 |
| Gross profit | 76.65%$8.7B | 45.43%$759M | CRM +31.2pp |
| Operating income | 20.55%$2.3B | 18.02%$301M | CRM +2.5pp |
| Pre-tax income | 40.12%$4.6B | 18.59%$311M | CRM +21.5pp |
| Net income |
| 31.08%$3.5B |
| 15.94%$266M |
| CRM +15.1pp |
No shared counterparties.