Infinera posts $128.1 million revenues in Q4 2012
Telecom Lead America: Infinera posted revenues of $128.1 million in Q4 2012 compared to $112 million in the fourth quarter of 2011.
Infinera’s net loss for the quarter was $16.1 million against net loss of $19.4 million in the fourth quarter of 2011.
Revenues for the full year were $438.4 million compared to $404.9 million in 2011.
Net loss for the year was $85.3 million compared to $81.7 million in 2011.
Infinera said its fourth quarter results reflected solid execution of its growth strategy and represented a strong finish to a productive year for Infinera.
Tom Fallon, president and chief executive officer, said its DTN-X continues to gain traction and to date, we have purchase commitments from 22 customers, including seven new to Infinera. These customers represent a broad cross section of our market segments. Revenue from the DTN-X platform continues to ramp.
During the fourth quarter, Infinera announced its first domestic Tier 1 backbone deployment with CenturyLink.
The company also completed the OSMINE certification process, another key milestone in demonstrating its US Tier 1 readiness. It also added four new DTN customers during the quarter for a total of 111 customers worldwide.