Infinera sees continued sales momentum in 2018 after higher revenues in Q4

After announcing a company restructuring in November, Infinera reported higher revenues and a wider net loss for the fourth quarter. CEO Tom Fallon said decisions were taken for the company that were “difficult but necessary” and that Infinera now enters 2018 with a full product refresh nearing completion, a significant pipeline of opportunities, and positive sales momentum at the end of the year and expectations this momentum will continue.  

Revenues for the quarter rose to USD 195.8 million from 181.0 million the year before. The net loss widened to USD 74.0 million or USD 0.50 per share, from a loss the year earlier of 36.3 million and 0.25 per share. The gross margin slipped lower to 24.1 percent from 38.1 percent, with the operating margin falling to negative 36.0 percent from negative 25.3 percent.