Tuesday, April 24, 2012

Infinera Posts Q1 Revenue of $105 Million

Infinera reported Q1 2012 revenue of $104.7 million compared to $112.0 million in the fourth quarter of 2011 and $92.9 million in the first quarter of 2011. GAAP net loss for the quarter was $(20.6) million, or $(0.19) per share, compared to net loss of $(19.4) million, or $(0.18) per share, in the fourth quarter of 2011 and net loss of $(16.4) million, or $(0.16) per share, in the first quarter of 2011.


"Activity in our first quarter reflected demand from our customers for both our existing and next generation platforms,�? said Tom Fallon, president and chief executive officer. “Our new 500G PIC-based DTN-X platform, with super-channels and integrated OTN switching, is generating strong interest among potential and existing customers who now have a choice between our DTN and DTN-X. As planned, we are on track to ship the new platform by the end of the June quarter and to begin revenue recognition in the second half of this calendar year. "
http://www.infinera.com

0 comments:

Post a Comment

See also