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Infinera narrows loss sharply in Q4 but shows caution ahead

Wednesday 24 February 2021 | 09:10 CET | News
Infinera reported higher results for the fourth quarter on a sequential basis. On an annual basis, revenues slipped but the net loss narrowed sharply. CEO David Heard said the results were in-line with expectations, with the adjusted operating margin topping guidance, and that the company generated free cash flow in the quarter. Heard said he was encouraged by the financial progress, operational improvements and tech innovation delivered in 2020 and believe the company is well positioned towards achieving its target business model.

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Categories: Fixed
Companies: Infinera
Countries: World
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