Infinera Corporation Reports Fourth Quarter and Fiscal Year 2017 Financial Results
Summary
SUNNYVALE, Calif., Feb. 07, 2018 (GLOBE NEWSWIRE) -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its fourth quarter and fiscal year ended December 30, 2017.A CFO Commentary reviewing the Companys fourth quarter of 2017 financial results will be furnished to the SEC on Form 8-K and published on Infineras Investor Relations website at investors.infinera.com.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.In addition to disclosing financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP), this press release and the accompanying tables contain certain non-GAAP measures that exclude restructuring and other costs, gain on the sale and impairment of cost-method investments, non-cash stock-based compensation expenses, amortization of debt discount on Infinera’s convertible senior notes, amortization and impairment of acquired intangible assets, acquisition-related costs, and certain purchase accounting adjustments related to Infineras acquisition of Transmode AB, which closed during the third quarter of 2015, along with related tax effects.Infinera believes these adjustments are appropriate to enhance an overall understanding of its underlying financial performance and also its prospects for the future and are considered by management for the purpose of making operational decisions.