SUNNYVALE, CA, Jun 03, 2010 (MARKETWIRE via COMTEX) –Infinera (NASDAQ:INFN, news, filings) has increased its number one leadership position in the North American long-haul market, and captured for the first time the number two position globally in the long-haul optical networking market, demonstrating its continuing growth and worldwide market reach.
Ranking Second Worldwide for First Time According to Dell’Oro Group data, Infinera ranked second in the worldwide long-haul optical networking market in Q1, with a 15% share of long-haul DWDM revenue. Infinera global revenue grew by 44% to $95.8 million on a year-on-year basis, as reported in Infinera earnings reports. Over the same period, worldwide long-haul DWDM revenue rose by just 1.3% to $575.4 million, according to Dell’Oro Group data. In recent months, Infinera has broadened its geographical reach, winning leading Tier 1 service providers like NTT of Japan, Deutsche Telekom, Telefonica International Wholesale Services, and OTEGLOBE, as well as fast-growing European carriers like COLT and Tiscali.
Widening Number One Lead in North America According to Dell’Oro Group data, Infinera took a record 39% share in Q1 2010 in the North American long-haul DWDM market, its highest share ever and more than double the share of the number two vendor. Infinera has ranked first in revenue in the North American long-haul market for the past three years. Infinera’s revenue in North America was up 54% to $76.0 million on a year-on-year basis, according to Infinera earnings reports. By contrast, the North America long-haul DWDM market was down 8% to $177.3 million on a year-on-year basis, according to Dell’Oro Group data. Infinera believes that its growth in this period was due to the gain in new customers as well as the successful performance of Infinera customers in the telecom marketplace. Infinera customers in North America include major coast-to-coast networks like Cox Communications, Global Crossing, Internet2, and XO Communications, as well as two large Internet content providers. In Q1, Infinera added five new customers to its roster.
Infinera customers benefit from unique Infinera features including speed of deployment, network efficiency, and ease of operations. These features are intended to enable Infinera customers to be more responsive to their customers. Infinera’s speed and simplicity is due to the design of the digital architecture of the Infinera DTN, which is engineered to combine digital bandwidth management, high-capacity optical transport, and GMPLS-powered service intelligence in a single platform.
“Infinera continues to win in the marketplace because our networks offer features that help our customers build better networks, speed up their operations, and deliver better services to their customers,” said Infinera CEO Tom Fallon. “These market share figures are gratifying because they reflect the support and faith our customers continue to put in us and our product roadmap.”
About Infinera Infinera provides Digital Optical Networking systems to telecommunications carriers worldwide. Infinera’s systems are unique in their use of a breakthrough semiconductor technology: the photonic integrated circuit (PIC). Infinera’s systems and PIC technology are designed to provide customers with simpler and more flexible engineering and operations, faster time-to-service, and the ability to rapidly deliver differentiated services without reengineering their optical infrastructure. For more information, please visit http://www.infinera.com/.
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to Infinera as of the date hereof; and actual results could differ materially from those stated or implied, due to risks and uncertainties. Forward-looking statements include statements regarding Infinera’s expectations, beliefs, intentions or strategies regarding the future, including that Infinera’s growth in this period was due to the gain in new customers as well as the successful performance of Infinera customers in the telecom marketplace; that Infinera customers benefit from unique Infinera features including speed of deployment, speed of augmentation of the network, and ease of operations; that these features are intended to enable Infinera customers to be more responsive to their customers; that Infinera’s speed and simplicity is due to the design of the digital architecture of the Infinera DTN, which is engineered to combine digital bandwidth management, high-capacity optical transport, and GMPLS-powered service intelligence in a single platform; that Infinera continues to win in the marketplace because our networks offer features that help our customers build better networks, speed up their operations, and deliver better services to their customers and that these market share figures are gratifying because they reflect the support and faith our customers continue to put in us and our product roadmap. Such forward-looking statements can be identified by forward-looking words such as “anticipated,” “believed,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include aggressive business tactics by our competitors, our dependence on a single product, our ability to protect our intellectual property, claims by others that we infringe their intellectual property, and our ability to respond to rapid technological changes, and other risks that may impact any of the group’s business are set forth in their annual reports on Form 10-K filed with the SEC on March 1, 2010, as well as subsequent reports filed with or furnished to the Securities and Exchange Commission. These statements are based on information available to us as of the date hereof and we disclaim any obligation to update the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise.
For media and analysts:
Media:
Jeff Ferry
Tel. (408) 572-5213
jferry@infinera.com
Investors:
Bob Blair
Tel. (408) 716-4879
bblair@infinera.com
SOURCE: Infinera
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