Infinera credits 2Q revenue jump to DTN-X platform acceptance

Infinera (Nasdaq: INFN) credited increased acceptance of the DTN-X platform for boosting revenues from the first quarter's $124.6 million to $138.4 million in the second quarter. Revenues were also up from $93.5 million a year ago.

During the quarter the intelligent transport networks (ITN) provider brought in seven new purchase commitments, including three from customers that are new to Infinera, said CEO Tom Fallon.

"Our success reflects the static 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 said in the press release.

For the quarter, GAAP gross margin was 37 percent, a 3 percent increase over the first quarter and 2 percent more than the second quarter of 2012, the company said. GAAP net loss for the quarter was $10 million, or about 9 cents a share, compared to $15.3 million (13 cents a share) in the first quarter and $29.5 million (27 cents a share) in the year-ago period.

The results portend a bright future, Fallon continued, in prepared comments to analysts during an earnings conference call.

"When we started this company we foresaw an unrelenting demand for bandwidth and crafted a vision that has stood the test of time, delivering an infinite pool of intelligent bandwidth," he said. "Service providers are facing massive traffic growth, new business dynamics, operations complexity and customer demands for instant delivery and increased visibility and control (and) our architecture is designed to allow service providers to squarely address these new challenges and gain significant business value from the transport networks through massive scale, layered convergence and intelligent automation."

For more:
- Infinera issued this earnings press release
- and Seeking Alpha had this earnings call transcript

Special Report: Wireline telecom earnings in the second quarter of 2013

Related articles:
Infinera: Submarine cable equipment suppliers
Infinera Q1 revenues rise to $124.6 million on DTN-X sales
Infinera's DTN-X, DTN add OSMINE certification to gain appeal with Tier 1 users

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