For second-quarter 2013, 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 revenue of $138.4m, up 11% on $124.6m last quarter and 48% on $93.5m a year ago.
Fiscal Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Revenue $93.5m $112.2m $128.1m $124.6m $138.4m
On a non-GAAP basis, gross margin has risen, from 37% a year ago and 36% last quarter to 39%. Net loss has been cut from $18.6m a year ago and $7.3m last quarter to $1.2m.
“We continued to increase momentum in the second quarter, delivering strong revenue growth, improved gross margin, and positive cash flow from operations,” says CEO Tom Fallon. “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,” he adds.
“Our success reflects the strategic commitment of our customers to a new architecture as they face massive traffic growth, operational complexity and increasing demand for instant delivery of services,” Fallon continues. “Infinera’s recently announced Intelligent Transport Network offers a clear path for service providers to address these challenges, while providing a compelling economic value proposition,” he adds. “We remain focused on winning new network deployments and expanding our market presence to generate sustainable revenue growth and profitability in the future while we help our customers prepare for the Terabit Era.”
