Infinera Corporation Reports Fourth Quarter and Fiscal Year 2011 Financial Results
Infinera Corporation (NASDAQ: INFN - News), a leading provider of digital optical communications systems, today released financial results for the fourth quarter and fiscal year ended December 31, 2011.
GAAP revenues for the quarter were $112.0 million compared to $104.0 million in the third quarter of 2011 and $117.1 million in the fourth quarter of 2010.
GAAP gross margins for the quarter were 40% compared to 39% in the third quarter of 2011 and 49% in the fourth quarter of 2010. GAAP net loss for the quarter was $(19.4) million, or $(0.18) per share, compared to net loss of $(21.8) million, or $(0.21) per share, in the third quarter of 2011 and a net loss of $(2.7) million, or $(0.03) per share, in the fourth quarter of 2010.
- Published: 03 February 2012
- Written by Editor