Infinera Q1 Revenue Reaches $186.9 Million

Vendor continues to make the most of emerging optical transport opportunities by nudging past Q4 2014 revenue and soundly beating Q1 2014 revenue.

April 21, 2015

1 Min Read

SUNNYVALE, CA -- Infinera Corporation (NASDAQ: INFN), provider of Intelligent Transport Networks, today released financial results for the first quarter of 2015 ended March 28, 2015.

Revenue for the quarter was $186.9 million compared to $186.3 million in the fourth quarter of 2014 and $142.8 million in the first quarter of 2014.

GAAP gross margin for the quarter was 47.2% compared to 45.3% in the fourth quarter of 2014 and 40.9% in the first quarter of 2014. GAAP operating margin for the quarter was 8.1% compared to an operating margin of 6.9% in the fourth quarter of 2014 and an operating loss of 0.7% in the first quarter of 2014.

GAAP net income for the quarter was $12.4 million, or $0.09 per diluted share, compared to net income of $8.4 million, or $0.06 per diluted share, in the fourth quarter of 2014, and a net loss of $4.4 million, or $0.04 per share, in the first quarter of 2014.

Non-GAAP gross margin for the quarter was 47.8% compared to 46.1% in the fourth quarter of 2014 and 41.8% in the first quarter of 2014. Non-GAAP operating margin for the quarter was 12.2% compared to 11.0% in the fourth quarter of 2014 and 3.9% in the first quarter of 2014.

Non-GAAP net income for the quarter was $22.1 million, or $0.16 per diluted share, compared to $18.0 million, or $0.13 per diluted share, in the fourth quarter of 2014, and $4.2 million, or $0.03 per diluted share, in the first quarter of 2014.

Infinera Corp. (Nasdaq: INFN)

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