Infinera Q1 revenues rise to $124.6 million on DTN-X sales
Infinera's (Nasdaq: INFN) DTN-X platform sales continued in Q1 2013 as GAAP revenues rose year-over-year $124.6 million in what it is typically is a slow quarter for the telecom equipment industry.
Despite seeing revenues decline sequentially from $128.1 million in Q4 2012, Tom Fallon, president and CEO of Infinera, said that they "received purchase commitments from six additional customers, including two new to Infinera" in the first quarter.
All of the new DTN-X customers, including MedNautilus, Pacnet, KDDI, and OVH, are located in Europe and Asia Pacific. Earlier this month, the vendor also announced Interoute and OTEGLOBE as DTN-X customers. In total, Infinera now has 27 DTN-X customer commitments.
Although it shipped a large amount of 100G ports, Fallon said that "Infinera's photonic integration and long-haul 500G super-channels has generated significant interest among potential customers."
Already, its 500G optical capabilities have been adopted by both OTEGLOBE and Pacnet. OTEGLOBE has implemented 500G super channels on the Infinera DTN-X for its TransBalkan Network (TBN), while Pacnet has deployed 500G superchannels on its EAC and C2C submarine cable networks.
Fallon said that the company "exited the first quarter with an increased backlog and a robust pipeline of potential new business, positioning us well for 2013."
Shares of Infinera were listed at $6.62 in after-hours trading on Wednesday on the Nasdaq stock exchange.
- see the earnings release
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