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Created May 25, 2016

Infinera, a provider of Intelligent Transport Networks, has released financial results for the first quarter of 2016 ended March 26, 2016. Revenue for the quarter was $245.0m compared to $260.6 million in Q4 2015 and $186.9m in the Q1 2015. Gross margin for the quarter was 50.2% compared to 48.3% in the Q4 2015 and 47.8% in Q1 2015.
 
Operating margin for the quarter was 12.3% compared to 12.7% in Q4 2015 and 12.2% in Q1 2015. Net income for the quarter was $28.0m, or $0.19 per diluted share, compared to $32.0m, or $0.21 per diluted share, in Q4 2015, and $22.1m, or $0.16 per diluted share, in Q1 2015. (All figures non-GAAP)

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