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Earnings Call Summary | Infinera(INFN.US) Q1 2024 Earnings Conference

Earnings Call Summary | Infinera(INFN.US) Q1 2024 Earnings Conference

财报电话会议摘要 | 英飞凌(INFN.US)2024 年第一季度财报会议
富途资讯 ·  05/17 08:06  · 电话会议

The following is a summary of the Infinera Corporation (INFN) Q1 2024 Earnings Call Transcript:

以下是英飞耐拉公司(INFN)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Infinera reported Q1 2024 revenue of $307 million, a decrease of 22% year-over-year.

  • Gross margin was 36.6%, a decrease of 220 basis points year-over-year.

  • The company generated $24 million in cash flow from operations and $16 million in free cash flow.

  • The diluted EPS was a loss of $0.17, a downturn from earnings of $0.02 in the same quarter last year.

  • The company finished the quarter with $192 million in cash and cash equivalents.

  • The full-year revenue is projected to see a 1%-5% decrease compared to 2023.

  • 英飞凌公布的2024年第一季度收入为3.07亿美元,同比下降22%。

  • 毛利率为36.6%,同比下降220个基点。

  • 该公司通过运营产生了2400万美元的现金流和1,600万美元的自由现金流。

  • 摊薄后的每股收益为亏损0.17美元,低于去年同期的0.02美元。

  • 该公司在本季度结束时拥有1.92亿美元的现金及现金等价物。

  • 与2023年相比,全年收入预计将下降1%-5%。

Business Progress:

业务进展:

  • Infinera saw strong bookings and strategic deal progress, winning new clients potentially worth over $1 billion across several key accounts.

  • It also secured key wins with hyperscalers, international wholesale providers, and service providers.

  • The company anticipates a growth rate of 8% to 12% in 2025 and aims to achieve an earnings per share in the range of $0.40 to $0.50.

  • After a slower than anticipated start to the year, the company expects improvements in Q2 and a further step-up in the second half of the year.

  • The company forecasts future growth on its refreshed portfolio, customer momentum, design wins, and signed contracts.

  • It also anticipates to benefit from new product introductions.

  • Infinera的预订量强劲,战略交易取得了进展,在多个关键客户中赢得了潜在价值超过10亿美元的新客户。

  • 它还确保了超大规模公司、国际批发提供商和服务提供商的关键胜利。

  • 该公司预计2025年将增长8%至12%,目标是实现每股收益在0.40美元至0.50美元之间。

  • 在今年年初低于预期之后,该公司预计第二季度将有所改善,下半年将进一步加快。

  • 该公司预测其更新的产品组合、客户动力、设计成功案例和已签订的合同将实现未来增长。

  • 它还预计将受益于新产品的推出。

More details: Infinera IR

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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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