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Infinera Revenues Inflate By 48 Percent Thanks To DTN-X

The indium phosphide telecoms specialist has had a fruitful 3 months with three new customers deploying its DTN-X platform
nfinera Corporation, an innovator in InP Intelligent Transport Networks, has released financial results for the second quarter ended June 29th, 2013.



GAAP revenues for the second quarter of 2013 were $138.4 million compared to $124.6 million in the first quarter of 2013 and $93.5 million in the second quarter of 2012.

GAAP gross margin for the second quarter of 2013 was 37 percent compared to 34 percent in the first quarter of 2013 and 35 percent in the second quarter of 2012. GAAP net loss for the quarter was $10.0 million, or $0.09 per share, compared to net loss of $15.3 million, or $0.13 per share, in the first quarter of 2013 and net loss of $29.5 million, or $0.27 per share, in the second quarter of 2012.

Management Commentary

"We continued to increase momentum in the second quarter, delivering strong revenue growth, improved gross margin, and positive cash flow from operations," said Tom Fallon, chief executive officer. "Customer acceptance of the DTN-X platform also continues to grow. During the quarter, we received seven new purchase commitments, including three from customers new to Infinera, bringing the total number of commitments to 34 since the platform was introduced a year ago."

"Our success reflects the strategic commitment of our customers to a new architecture as they face massive traffic growth, operational complexity and increasing demand for instant delivery of services. Infinera's recently announced Intelligent Transport Network offers a clear path for service providers to address these challenges, while providing a compelling economic value proposition.

"We remain focused on winning new network deployments and expanding our market presence to generate sustainable revenue growth and profitability in the future while we help our customers prepare for the Terabit Era."

Infinera hosted a conference call discussing its second quarter results and its outlook for the third quarter An archived version is available on the website for approximately 90 days from now.

To hear the replay, parties in the United States and Canada should call 1-800-846-1910

International parties can access the replay by dialling 1-402-280-9953



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