Transport networks specialist Infinera said revenues fell to USD 176.8 million in the second quarter, from 258.8 million the year before. The gross margin slid to 36.7 percent from 47.8 percent while the net result went to a loss of USD 42.8 million or USD 0.29 per share from a gain the year earlier of 11.5 million or 0.08 per share.

CEO Tom Fallon said the company is well positioned to grow market share in the coming quarters and to gradually improve financial performance, helped by new deliveries of its Cloud Xpress 2, early deployments of the XT-3300 and new products.