us thank conference you third for Good our XXXX on afternoon and joining quarter call.
to and performance, Nancy CFO, pipeline our Heard. to provide and with outlook. our highlighting in our of a our the additional then are QX expanding call customer execution financial QX give I'll positioning detailed start today strengthening results financial Nancy I'll global turn David integration innovation our on our by new success base. and depicting briefly review an reviewing portfolio over and me COO, Joining on perspective Erba;
third my in XXXX quarter of this we commitments, had quarter Coriant on us position progress deliver key that a to chapter at in flow combination profit the areas. a cash integration summary the close operating and quarter, view non-GAAP execution second our Aggressive three back QX. in positive significant made has the Looking the half that put solid including in fourth on is and
is and customers bookings being our line at top pipeline for to record with margins. our as innovation and are for that the robust, growth strategic opportunities win opening exciting in were our opportunities enhanced both and future by embraced integrated gross and customers is portfolio solutions QX high Our and we differentiated continue new
the of The for in range. of our progress of gross XXX better the the with positive exchange offset the non-GAAP significant line a foreign end at operating by This backlog QX fourth Non-GAAP financial quarter increase demonstrate our slightly revenue was margin toward million while we results completing guidance, quarter. Coriant. came integration consecutive the came of guidance. non-GAAP the that in negative guide midpoint than resulting while was were midpoint at combination EPS expenses our in low partially impact, in
at quarter. the company strong our bookings were expectations QX, the The a of beginning and highlight grew from exceeded was record of the it quarter significantly the a which for
during the are of total Coriant brought our substantially integration acquisition, with pipeline office customer year-to-date final wins, our the continued Our to build Tier integration, one and of the stages recently of to traction activity addition track passed complete new the in now fourth closing Having XX. of the quarter. which three we the year customer X on anniversary the
remind I'll of chapter, began you were this As commitments we when that the initiative. this we made close
to First, term. to a business in achieve the profitable near synergies deliver cost significant savings
with ICPs the expanded solutions a innovation a integration leveraging and our over scale leader a to Second, by from portfolio cornerstone traction be model. portfolio. increase enabled third, unique as And Tier customer integrated vertical Xs to a of by broad differentiated capability business invest and end-to-end serve refreshed
we consecutive Against a commitments, million earn with XXXX, our expansion two executing substantial portfolio and remain in network X powerful our Tier XXX these leadership launched of stated helped XXXX new track wins quarters and through end-to-end solution optics, and highlights technology gig include XXX $XXX delivering paradigm. execution delivery cost customer as successfully gigs backlog XR new fueled scaling scale our savings in goal expectation for drive while that really in optical times on synergies, four to us enhanced of the a our XX Introducing future growth of
in remains While we successfully to remaining positive flow work, expect the we that must integration QX. our and company complete to cash non-GAAP outlook operating profit the return
significant a has driver for we a in believe more Our capability innovator and value optical customers heritage leading been future. this important as becomes our the
increase building solutions we've investment reducing pipeline optical vertically are aligned growing that technologies with segments our integrated expenses this for year, with by our R&D While in market. our been optical the we'll the fastest XX% year-over-year,
with aggregation growth clear metro strategies have architectures distribution We high insertion center and to bandwidth the and data networks. drive applications,
optical delivers open in front, driving and differentiation automation deployment. innovation rapid with that network distinct three to efficiency both cost, service solutions vertical and and for in IP platforms and categories, performance through optical integration disaggregation are we operational leadership On differentiate the with
revenue On are XXX scheduled quarter. market the the we to front, optimal gig delivering for technology shipments with this
on demonstrated delivery remains PICs to this DSP our gig XXX are month. for track customers, being and our For
plan advantage. product gig of our half product cost XXX We our deliver gig and the aligns XXXX. second delivery believe XXX significant for with in This a will performance
in fifth integrated rapidly to this into of industry While most up our vertically capability. technology enable the volume. will manufacturing complete ramp The generation us
gig in We XXXX. XXX of delivering be small one continue to believe companies a number very will only of
ECOC optics and history aggregation to This continuation drive to technologies step and and product approach reception. game a market an category. of new in providing creates innovative strong changing received network a a In our is architectures function introduced savings simplification of cost September, we radical and XR
The aware optical based optical network first point point to pluggable. networking technology coherent on multi a
Network wireless, Fiber XR compelling market a to technology simplifying greatly for operations. the is a see it XG, Deep multi-source business bringing Infinera of based adoption broad this evolution a to as as across cable technology demand, aggregation strategy service as enable this and bandwidth while providers such solution applications applications. with the in of supports network network committed
network we announcements further expect Over make the to pluggables. position we quarters as to ourselves next deliver few intelligent
leadership Being the acceptance market optical in disaggregated our platform, perspective. adopted and and areas. we supporting platforms by double In compact continue are both billion modular outperform growth Groove committed experience to be from ICPs in On to yearly two expected XXX were front, up a digit to open to and space the CSPs, continues a $X.X today market gig XXXX. ways to
With of the noted including year-to-date, market globally, half and addition Tier X our second of new in of will share significant expectation number customers a CSPs show XX Groove the a XXXX. is growth over ICP that our
leading to for continued optical our prepare XXX opportunity offering, share our is the As with market capability. expansion into we this gig introduce
way fresh cost to are With service driving speed scaling. the to assure aggregation to vendor deployment, advent and our a facilitate and XG new Metro in, Deep, customers and minimize approach of as innovation faster looking router are Fiber lock effective a disaggregation
currently previously Germany. XG As DRX wireless router announced, Telefonica network for in our deploying is build a
a transition Our base disaggregated DRX, XTM powerful by field our offering leverages and site to routing our customers solution install wireless Transcend hardened cell XG.
It's Today, Transcend AT&T, instrumental like and generating assets ramping Our deliver elements. our rapid key pipeline to helps with inefficient new continues and to network to traditional XXXX purchase improve greater XG to Verizon simplified customers disaggregated a automation rollout services. expected for and investment their decision is a of suite customer NBN across disaggregated begin and expect cycle. software in Metro to revenue and DRX the expect as the with efficiency activity be in of revenue the customers solutions grow manage Transcend, operations lengthy enabler network network responsiveness. our was we
finally our service Verizon Tier required creation providing intelligence legacy Generation circuits, of Xs, next offerings new previous And to migrate announcement. networks by evidenced facilitates it with the as
integration nearly and innovation is to the poised meaningfully and market, embraced pipeline to disruptive progress customers of segments bottom deliver portfolio that material our by proof solutions Coriant the being improving multiple the With line points in company. the complete, fastest growing the
bandwidth envisioned architectures hungry networks. year We services reductions opportunity see as new ago see demand in a macro we level, starting and fundamental the require dramatic the strong transmission remaining cost At deliver that we materialize. to
a down vertical to Our costs, is of leadership continue viable to in narrowing to in and enable our deliver ability technology sources. core drive these new group architectures, integration technology
for very positioned to well security are global surrounding the political growing the China. uncertainty over having advantage front, exposure network while concern On we take of limited
appreciation to significant the company prepare close look we As year. XXXX, our back has at one achieved in with I transformation
I'm our enabling thank their transformation. complete forward, and employees realistic contributions about for our like required to execution the and this Looking to the the ahead work I opportunity vision. excited would significant toward of
I results Nancy Erba. guidance. will observations now review will and Nancy about introduce our QX new share CFO, and our then Infinera her initial