Wednesday, July 24, 2013

Infinera Posts Q2 Revenue of $138 Million, Notes 34 Commitments for DTN-X

Infinera reported Q2 revenue of $138.4 million compared to $124.6 million in the first quarter of 2013 and $93.5 million in the second quarter of 2012.  GAAP gross margin for the second quarter of 2013 was 37% compared to 34% in the first quarter of 2013 and 35% in the second quarter of 2012.  GAAP net loss for the quarter was $(10.0) million, or $(0.09) per share, compared to net loss of $(15.3) million, or $(0.13) per share, in the first quarter of 2013 and net loss of $(29.5) million, or $(0.27) per share, in the second quarter of 2012.



"We continued to increase momentum in the second quarter, delivering strong revenue growth, improved gross margin, and positive cash flow from operations,” said Tom Fallon, chief executive officer.  “Customer acceptance of the DTN-X platform also continues to grow.  During the quarter, we received seven new purchase commitments, including three from customers new to Infinera, bringing the total number of commitments to 34 since the platform was introduced a year ago."

http://www.infinera.com

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