Infinera Q2 earnings decline to $93.5M, sounds cautious note on Q3
Digital optical systems provider Infinera (Nasdaq: INFN) reported Tuesday that its second-quarter 2012 GAAP revenues were $93.5 million, down from $104.7 million in Q1 2012 and $96 million in Q2 2011.
The Sunnyvale, Calif.-based company's GAAP gross margin for the second quarter of 2012 was 35 percent, down from 39 percent in Q1 2012 and 39 percent in Q2 2011.
At the same time, GAAP net loss for the 2012 second quarter was $29.5 million, or 27 cents per share, compared to net loss of $20.6 million, or 19 cents per share, in the first quarter of 2012 and net loss of $24.2 million, or 23 cents per share, in Q2 2011.
The emergence of the DTN-X optical platform, which has been gaining interest and traction with a number of major domestic and international service providers, will be a key factor of growth for Infinera.
"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," Tom Fallon, president and chief executive officer, said in the earnings release. "Reception to the DTN-X, featuring 500 Gb/s long haul super-channels along with WDM and integrated OTN switching, has been very positive and broad-based."
Two notable deployments of the DTN-X platform in Q2 were with both Cable & Wireless and Pacnet. Cable & Wireless selected the platform for its Europe Persia Express Gateway (EPEG) network, while Pacnet conducted a trial using the DTN-X's 500 Gbps Photonic Integrated Circuit technology and FlexCoherent technology.
- see the release
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