Tuesday, April 21, 2015

Infinera Hits Q1 Revenue of $186.9 million

Infinera reported first quarter 2015 revenue of $186.9 million compared to $186.3 million in the fourth quarter of 2014 and $142.8 million in the first quarter of 2014. GAAP net income for the quarter was $12.4 million, or $0.09 per diluted share, compared to net income of $8.4 million, or $0.06 per diluted share, in the fourth quarter of 2014, and a net loss of $4.4 million, or $0.04 per share, in the first quarter of 2014.


“Our excellent first quarter performance reflects a continuation of the momentum we have built over the past few years. We continue to grow profitability as our broad customer base experiences the value of our differentiated products and superior service,” said Tom Fallon, Infinera’s Chief Executive Officer. “I believe we are in an optimal position with customers that are building the largest networks the fastest. In 2015 and beyond, we intend to continue growing our business profitably, as we expand our total available market across optical transport.”

http://www.infinera.com

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