Infinera Corporation Fourth Quarter and Fiscal 2024 Financia...

Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results

The Manila times | 2025-02-28 00:53

CORRECTION - Global Net Lease Reports Fourth Quarter and Full Year 2024 Results FY'24 Highlights: Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY'24 and 1.3x for Q4'24Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenueSignificant design wins across the GX systems portfolio with webscalers and Tier 1 Communications Service Providers (CSPs)Substantial awards for ICE-X 400G and 800G pluggables from webscalers and Tier 1 CSPsLaunched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloadsSecured CHIPS & Science Act funding with the potential for greater than $200 million in total federal incentives, in addition to potential state and local incentivesAnnounced a definitive agreement to be acquired by Nokia (acquisition anticipated to be ...

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