24 July 2012

Infinera reports Q2 revenue down 10.7% on last quarter

For second-quarter 2012, Infinera Corp of Sunnyvale, CA, USA, a vertically integrated manufacturer of digital optical network systems incorporating its own indium phosphide-based photonic integrated circuits (PICs), has reported revenues of $93.5m, down 10.7% on $104.7m last quarter and 2.6% on $96m a year ago.

On a non-GAAP basis (excluding non-cash stock-based compensation expenses), gross margin has fallen further, from 41% a year ago and 40% last quarter to 37%. Net loss was $18.6m, up on $11.2m last quarter and $11.7m a year ago.

“We executed well on our commitment to deliver the DTN-X to the market in the second quarter, completing critical customer trials and shipping the platform to customers for deployment as promised,” says president & CEO Tom Fallon. “Reception to the DTN-X, featuring 500Gb/s long-haul super-channels along with WDM and integrated OTN switching, has been very positive and broad-based,” he adds.

“To date, we have received purchase commitments for the DTN-X from ten customers, including three customers new to Infinera. These customers represent a cross section of our markets, including cable, subsea, internet content, research & education, and Tier 1 providers,” says Fallon. “We remain on track to recognize revenues from DTN-X sales beginning in the third quarter,” he adds. “While we are growing more cautious regarding the macro-economic environment and the outlook for capex spending in the second half of 2012, we are pleased with the market acceptance of the DTN-X.”

See related items:

Infinera’s losses grow as revenue falls 6.5% in Q1

Infinera’s revenue rebounds 7.7% in Q4/2011 despite Thailand flooding

Infinera cuts loss as Q3 revenue rebounds by 8% on Q2

Infinera’s Q2 revenue rebounds but losses rise during new product development

Tags: Infinera InP PIC

Visit: www.infinera.com