Infinera reports first quarter 2016 financial results

News and Business

Infinera, a provider of Intelligent Transport Networks, has released financial results for the first quarter of 2016 ended March 26, 2016. Revenue for the quarter was $245.0m compared to $260.6 million in Q4 2015 and $186.9m in the Q1 2015. Gross margin for the quarter was 50.2% compared to 48.3% in the Q4 2015 and 47.8% in Q1 2015.

Operating margin for the quarter was 12.3% compared to 12.7% in Q4 2015 and 12.2% in Q1 2015. Net income for the quarter was $28.0m, or $0.19 per diluted share, compared to $32.0m, or $0.21 per diluted share, in Q4 2015, and $22.1m, or $0.16 per diluted share, in Q1 2015. (All figures non-GAAP)

“We continued to execute well in the first quarter, winning deals across our product portfolio and delivering strong financial results,” said Tom Fallon, Infinera’s Chief Executive Officer. “Responding to ongoing growth in bandwidth demand, customers are increasingly turning to Infinera to address the advanced scalability and efficiency required to operate their networks.

“By continuing to deliver the most innovative solutions and the Infinera Experience to our customers, I am confident that we will continue to gain market share across the end-to-end optical transport market and generate outstanding bottom line results.”

Infinera provides intelligent transport networks, enabling carriers, cloud operators, governments and enterprises to scale network bandwidth, accelerate service innovation and simplify optical network operations. Infinera’s end-to-end packet-optical portfolio is designed for long-haul, subsea, data centre interconnect and metro applications. Infinera’s large-scale photonic integrated circuits enable innovative optical networking solutions for the most demanding networks.

Link: https://www.infinera.com/infinera-corporation-reports-first-quarter-2016-financial-results/

Optical Connections News Team