Infinera Maintained Its Momentum Through Q2

July 24th, 2014 by · Leave a Comment

If there is demand softness from carriers out there in the world, it’s not as big a problem at the DWDM layer right now at least at Infinera.  The company posted its Q2 financials yesterday after the market closed, easily meeting the higher revenue guidance they had issued in April and coming up with an extra seven cents per share.  

$ in millions Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Guidance
Revenue 138.4 142.0 139.1 142.8 165.4 Q3: 165-175
Non-GAAP Gross Margin % 39% 49% 41% 41.8% 43.3% Q3: low 40%s
Operating Expenses 60.3 55.8 56.0 59.4 62.2 Q3: 60-62
Non-GAAP EPS (0.01) 0.10 0.00 0.03 0.11 Q3: 0.05-0.09

Forward guidance for both revenue and earnings per share was better than expected, taking analyst projections of $165M and $0.05 as the lower end of the range bracket.

The company added four new DTN-X customers during the quarter.  The DTN-X is their flagship 100G platform, and has been living up to expectations.


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Categories: Financials · Telecom Equipment

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