Infinera reported Q2 2010 GAAP revenues of $111.4 million compared to $95.8 million in the first quarter of 2010 and $68.9 million in the second quarter of 2009. GAAP gross margins for the quarter were 42% compared to 39% in the first quarter of 2010 and 29% in the second quarter of 2009. GAAP net loss for the quarter was $9.6 million, or $(0.10) per share, compared to $20.0 million, or $(0.21) per share, in the first quarter of 2010 and $27.1 million, or $(0.28) per share, in the second quarter of 2009.
“I am delighted with the performance delivered by the Infinera team in the second quarter– one of the strongest in the company’s history,” said Tom Fallon, president and chief executive officer. “We achieved new records for overall quarterly revenue and bookings, including increased shipments of tributary adapter modules, and we posted higher gross margins, achieved positive cash flow, and earned a profit on a non-GAAP basis.”http://www.infinera.com
