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Date Announced: 27 Jan 2011
Full-year results reflect strength of bandwidth demand.
SUNNYVALE, CA--(Marketwire - 01/27/11) - 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 25, 2010.
Management Commentary
"2010 was a year of strong growth in bandwidth demand worldwide, and our customers saw growth in their networks, driven by a number of applications, notably video, mobility, and cloud computing," said Tom Fallon, president and chief executive officer. "We are pleased that we have been able to participate in this growth, showing strong year-over-year performance in revenues and market share, improved profitability and progress toward achieving our long-term business model."
Service providers continue to look for ways to improve the economic performance of their networks through both efficiency and rapid response to their revenue-creating opportunities. With our digital optical architecture, we enable them to do so with the unique combination of world class optics and digital network intelligence.
"In fiscal 2011, we will continue to focus on meeting the needs of our customers and on addressing market expansion opportunities. In addition, we will focus on expense management, while at the same time ensuring that we invest appropriately to enable the successful launch of our PIC-based 100G product in 2012."
"We remain on track to ship our differentiated 40G solution with FlexCoherent technology for our current DTN networks later this year. In the meantime, we will meet customer needs today with what we believe is the industry's most cost effective and flexible portfolio of network solutions -- our differentiated PIC-based DTN network and our ATN metro solution."
Source: Infinera
E-mail: bblair@infinera.com
Web Site: www.infinera.com
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