[advertise]广告[/advertise]Sunnyvale, CA, October 20, 2009 – Infinera Corporation (Nasdaq: INFN), a leading provider of digital optical communications systems, today released financial results for the third quarter ended September 26, 2009. · GAAP revenues for the third quarter of 2009 were $83.4 million compared to $68.9 million for the second quarter of 2009 and $80.9 million on an adjusted GAAP basis in the third quarter of 2008. · GAAP gross margins for the quarter were 33%. Excluding restructuring and other related costs and non-cash stock-based compensation expense, non-GAAP gross margins were 38% in the third quarter of 2009 compared to 31% in the second quarter of 2009 and 42% on an adjusted GAAP basis in the third quarter of 2008. · GAAP net loss for the quarter was $16.5 million, or $0.17 per share. Excluding restructuring and other related costs and non-cash stock-based compensation expense, net loss on a non-GAAP basis was $3.1 million, or $0.03 per share, in the third quarter of 2009 compared to a net loss of $18.2 million, or $0.19 per share, on a non-GAAP basis in the second quarter of 2009 and net income of $0.0 million, or $0.00 per diluted share, on an adjusted GAAP basis, for the third quarter of 2008. Management Commentary “In the third quarter, we continued our positive revenue growth trajectory and our new customer win momentum with the addition of four customers to our roster while diversifying our customer base and reducing our reliance on any single account,” said Jagdeep Singh, president and chief executive officer at Infinera. “Our ability to grow our revenue and expand our customer base in the current environment validates that customers are investing in the optical network again and that Infinera is winning its fair share of this spending. “We have expanded our total addressable market with the addition of submarine and metro edge products, and believe that our differentiated, PIC-based disruptive technology continues to resonate with customers and prospects alike as the industry’s best, most cost-effective solution to solve their business challenges,” said Singh. The company noted the following Q3 highlights: · The addition of four new customers this quarter brings the company’s total customer count to 66. With the addition of incumbent service providers Telefonica and Teliasonera, Infinera’s Tier-1 carrier customer count is now six of which three -- NTT Communications, Deutsche Telecom and Telefonica -- are among the top five players in the world. · The company achieved greater customer diversification as three customers accounted for 10% or more of revenue this quarter and the largest customer for the quarter was an existing, but unannounced, cable MSO customer. Level 3 was slightly less than 10 percent of revenue. · International revenue grew for the fourth quarter in a row, reaching 37 percent of revenue in Q3. · The company won a new eight-figure opportunity with another major internet content provider. ·With the introduction of its recently announced ATN metro edge product, the company now addresses all major categories within the $8 billion dollar DWDM space including submarine, ultra-long haul, long-haul, regional, metro core and metro access. To date the company has six wins for its new ATN platform, including the recently announced ATN deployment at Deltacomm. · The company significantly strengthened its technology resources with the addition of an experienced engineering team in its new Ottawa development center. This team has deep expertise in signal processing and complex modulation schemes, important building blocks for the next generation of optical transport products. Source:Infinera Corporation