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Infinera Reports $76.1 Million Revenues In Q4
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During the fourth quarter of 2007, the company's customer base jumped to 41 customers, including additions from both the cable MSO and Internet content provider spaces.
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Tuesday, February 05, 2008:
Infinera Corporation, a provider of digital optical communications systems, has announced financial results for the fourth quarter and fiscal year ended 29 December 2007. While GAAP revenues for the fourth quarter of 2007 were $76.1 million compared to $62.2 million in the third quarter of 2007 and $43.8 million in the fourth quarter of 2006, GAAP revenues for the year ended 29 December 2007 were $245.9 million compared to $58.2 million in 2006.
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Invoiced shipments for the fourth quarter of 2007 were $93.4 million compared to $80.4 million in the third quarter of 2007 and $70.5 million in the fourth quarter of 2006, representing growth of 16 per cent from the prior quarter and 32 per cent from the fourth quarter of 2006. Invoiced shipments for the year ended December 2007 were $309.3 million compared to $146.0 million in 2006, reflecting annual growth of 112 per cent.
According to Jagdeep Singh, president and chief executive officer, Infinera, “Infinera’s strong performance in the fourth quarter and fiscal year 2007 reflects solid execution against our business strategy, increased customer momentum in favour of our unique approach to optical networks and continued growth in worldwide bandwidth demand. We saw strength in our sales of both common equipment DTCs and additional channel TAMs in the December quarter, indicators of our new business footprint momentum and the leverage in our business model.”
“We have a growing and increasingly diversified global customer set of service providers, cable MSOs and Internet content providers who are utilising Infinera’s unique combination of large-scale photonic integration and Bandwidth Virtualization technology to create what we believe are the most economically compelling optical networks in the world,” Singh added.
The company’s customer base now includes four of the top five cable MSOs in North America.
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