Infinera Corporation Q3 2014 GAAP revenue beats 2013 figures

Infinera Corporation (NASDAQ: INFN) said it has released financial results for the third quarter of 2014 ended September 27, 2014.

GAAP revenue for the quarter was USD173.6 million compared to USD165.4 million in the second quarter of 2014 and USD142.0 million in the third quarter of 2013. GAAP gross margin for the quarter was 43.4 percent compared to 42.5 percent in the second quarter of 2014 and 48.1 percent in the third quarter of 2013. GAAP operating margin for the quarter was 4.3 percent compared to 4.9 percent in the second quarter of 2014 and 4.5 percent in the third quarter of 2013.

GAAP net income for the quarter was USD4.8 million, or USD0.04 per diluted share, compared to net income of USD4.8 million, or USD0.04 per diluted share, in the second quarter of 2014, and net income of USD3.3 million, or USD0.03 per diluted share, in the third quarter of 2013.

Non-GAAP gross margin for the quarter was 44.2 percent compared to 43.3 percent in the second quarter of 2014 and 49.2 percent in the third quarter of 2013. Non-GAAP operating margin for the quarter was 8.6 percent compared to 9.0 percent in the second quarter of 2014 and 9.9 percent in the third quarter of 2013.

Non-GAAP net income for the quarter was USD14.2 million, or USD0.11 per diluted share, compared to net income of USD13.5 million, or USD0.11 per diluted share, in the second quarter of 2014, and net income of USD12.8 million, or USD0.10 per diluted share, in the third quarter of 2013.

Infinera provides intelligent transport networks to help carriers exploit the increasing demand for cloud-based services and data center connectivity as they advance into the Terabit Era. For more, visit www.infinera.com.