Monday, October 17, 2011

Infinera Posts Q3 Revenue of $104 Million

Infinera reported Q3 2011 revenue of $104.0 million compared to $96.0 million in the second quarter of 2011 and $130.1 million in the third quarter of 2010. GAAP gross margin for the third quarter of 2011 was 39% compared to 39% in the second quarter of 2011 and 50% in the third quarter of 2010. GAAP net loss for the quarter was $21.8 million, or $(0.21) per share, compared to net loss of $24.2 million, or $(0.23) per share, in the second quarter of 2011 and net income of $4.4 million, or $0.04 per diluted share, in the third quarter of 2010.


“We remain encouraged by our recent revenue performance and the momentum in booking activity as customers continue to address their increased bandwidth needs with Infinera-based networks,�? said Tom Fallon, president and chief executive officer. “Several factors are contributing to these trends-- our significant installed base, the broader application of our product line, our expanded sales force and a stronger focus at Infinera on key vertical markets and across geographies.�?http://www.infinera.com

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