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Infinera Corporation, trading under the symbol INFN, is a leading global supplier of innovative open optical networking solutions. The company was established with the vision of creating an infinite pool of intelligent bandwidth, central to the future of communication infrastructure. Infinera empowers network operators, including service providers, cloud operators, governments, and enterprises, to scale network bandwidth, drive service innovation, and automate optical network operations.
Infinera’s extensive portfolio comprises networking equipment, software, and services. Their offerings include optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and professional and support services. This comprehensive portfolio meets the diverse needs of fixed line and mobile network operators, telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities, and government entities globally.
The company’s Intelligent Transport Networks play a crucial role in enabling network operators to respond to the rapid increase in bandwidth demand driven by cloud-based services and data center connectivity. For instance, Infinera’s ICE-X solution leverages digital subcarrier technology to transmit up to 200 Gb/s per wavelength on a single fiber, enhancing the service capacity significantly. This technology has been instrumental in partnerships with operators like Aire Networks to deliver high-quality services efficiently.
Recent achievements include collaborations with major players like APFutura and Aire Networks, where Infinera’s advanced technology, such as ICE-X, has demonstrated substantial improvement in network efficiency and capacity. Furthermore, the deployment of the GX Series and ICE7 technologies in simulated networks like Telstra InfraCo’s intercity network displays Infinera’s capability to increase data transmission rates and overall network capacity by integrating cutting-edge fiber optics.
Financially, Infinera has shown consistent growth. The company reported a GAAP revenue of $453.5 million in the recent quarter, reflecting a continuous upward trend from the previous quarters and years. Despite challenges such as supply chain issues and competitive market pressures, Infinera maintains a robust financial position with substantial developments in their product offerings and market reach. The company also announced positive financial outlooks and continued investor confidence, positioning itself for strong future demand cycles.
Infinera’s commitment to innovation extends to its partnerships, like the recent deployment of advanced networking solutions with Paratus Group, showcasing their ability to enhance connectivity and infrastructure resilience across regions.
For more detailed updates and insights on Infinera Corporation’s performance, projects, and financial health, investors and stakeholders can explore further at www.infinera.com.
Infinera (NASDAQ: INFN) has reported its fourth quarter and fiscal year 2023 financial results. For Q4 2023, GAAP revenue was $453.5 million, up from $392.4 million in Q3 2023 but down from $485.9 million in Q4 2022. The GAAP gross margin was 38.6%, and the operating margin was 2.5%. GAAP net income was $12.9 million, or $0.06 per diluted share. Non-GAAP gross margin was 39.6%, and non-GAAP net income was $28.6 million, or $0.12 per diluted share.
For the fiscal year 2023, GAAP revenue was $1,614.1 million, with a gross margin of 38.6% and an operating margin of -0.3%. The net loss for the year was $(25.2) million. Non-GAAP gross margin was 39.9%, and non-GAAP net income was $53.4 million, or $0.23 per diluted share. The company announced delays in filing its Form 10-K and Form 10-Q.
Infinera (NASDAQ: INFN) provided an update on the expected filing of its fiscal 2023 Form 10-K, aiming to file by May 13, 2024. The company plans to release its financial results for Q1 2024 and outlook for Q2 2024 on May 14, 2024, along with details for an investment community conference call.
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