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Infinera Q1 revenues up 44% YoY to EUR 293 mln, CFO to step down

Thursday 9 May 2019 | 10:30 CET | News
Infinera reported revenues of EUR 292.7 million in the first quarter of 2019, up 44 percent from USD 202.7 million a year earlier but down from the USD 332.1 million posted in Q4 2018. The company's gross margin for the quarter was 22.7 percent compared to 25.4 percent in the fourth quarter of 2018 and 40.5 percent a year earlier. Infinera's net loss was USD 121.6 million or 69 cents a share, a slight improvement sequentially but down from a loss of USD 26.3 million or 17 cents a share in Q1 2018.

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Categories: Fixed
Companies: Coriant / Infinera
Countries: World
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