Infinera reported GAAP revenue for Q4 2019 of $384.6 million compared to $325.3 million in the third quarter of 2019 and $332.1 million in the fourth quarter of 2018. GAAP gross margin for the quarter was 29.0% compared to 26.7% in the third quarter of 2019 and 25.4% in the fourth quarter of 2018. GAAP net loss for the quarter was $(66.6) million, or $(0.37) per share. Non-GAAP net income for the quarter was $6.4 million, or $0.03 per diluted share.
“In the fourth quarter, we delivered solid results and achieved significant bookings growth. We also completed the most challenging integration tasks, doubled our synergy savings commitments for the year and returned to non-GAAP operating profitability in the fourth quarter of 2019,” said Tom Fallon, Infinera CEO. “Major accomplishments this past year included strengthening our global customer base with 10 Tier 1 scale customer wins, significant growth in backlog, and continued progress in building our innovation pipeline as evidenced by announced DRX wins, the introduction of XR optics, and growing confidence in our plan to deliver 800G products to the market in 2020.”
https://www.infinera.com/press-release/Infinera-Corporation-Reports-Fourth-Quarter-and-Fiscal-Year-2019-Financial-Results
