Exhibit 99.1
Infinera to Reschedule Third Quarter 2019 Earnings
Conference Call to November 12, 2019
Sunnyvale, Calif. – November 5, 2019, 8:00 a.m. ET – Infinera (NASDAQ: INFN) announced today it has rescheduled the release of its financial results for the third fiscal quarter, which ended September 28, 2019, from the afternoon of November 6, 2019 topre-market opening on November 12, 2019.
This will provide Infinera with additional time to complete itsquarter-end closing procedures, which have been delayed with respect only to third quarter results. This delay is in connection with Infinera’s integration of three separate global instances of SAP into a single enterprise resource planning system during the quarter.
Infinera expects to report that its GAAP revenue for the third fiscal quarter will be in the range of $324 million to $327 million, and itsnon-GAAP revenue will be in the range of $326 million to $329 million, which eliminates the effect of acquisition-related deferred revenue adjustments. Additionally, Infinera announced that its bookings were significantly higher than revenue in the third fiscal quarter of 2019 with backlog having grown for the fourth consecutive quarter and it expects sequential revenue growth in the fourth fiscal quarter of 2019.
Infinera intends to file its Quarterly Report on Form10-Q for its third fiscal quarter of 2019 on the same date as the rescheduled earnings call.
An investment community conference call to discuss these results and Infinera’s outlook for the fourth quarter of fiscal 2019 will be held the same day, November 12th, at 8:00 a.m. ET/5:00 a.m. PT and will be accessible live and on an archived basis as follows:
Fiscal Third Quarter 2019 Financial Results Conference Call and Webcast
Date: Tuesday, November 12, 2019
Time: 8:00 a.m. ET/5:00 a.m. PT
Audio Webcast: investors.infinera.com, under “Events”
LiveDial-in:1-866-373-6878 (Toll Free);1-412-317-5101 (International)
Ask to join the Infinera call.
We encourage those who plan to dial into the conference call to use the following link topre-register:http://dpregister.com/10136206. Callers whopre-register will be givendial-in instructions and receive a unique PIN via email to gain immediate access to the call.
Replay of the audio webcast will be available at investors.infinera.com approximately two hours after the end of the live call.
Contacts:
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Media: Anna Vue Tel. +1 (916)595-8157 avue@infinera.com | | Investors: Ted Moreau Tel: + 1 (408)542-6205 tmoreau@infinera.com | | |