Wednesday, January 30, 2008

Infinera Reports Q4 2007 Revenue of $76.1 Million

Infinera reported Q4 2007 GAAP revenues of $76.1 million compared to $62.2 million in the third quarter of 2007 and $43.8 million in the fourth quarter of 2006. There was a GAAP net loss of $3.9 million, or $0.04 per share. GAAP gross margins were 36% in Q4 2007 compared to 34% in the third quarter of 2007 and 6% in the fourth quarter of 2006.


"Infinera's strong performance in the fourth quarter and fiscal year 2007 reflects solid execution against our business strategy, increased customer momentum in favor of our unique approach to optical networks, and continued growth in world-wide bandwidth demand," said Jagdeep Singh, president and chief executive officer of Infinera.http://www.infinera.com

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