Low teens revenue growth for the year is the main takeaway.
CC transcript:
seekingalpha.com
- Regarding our end markets, DCI, long-haul and metro all grew more than 15% year-over-year in Q1. DCI and long-haul were fueled by ICE4 traction and in metro, the new 16QAM XTM II added incremental revenue from several new, mostly European customers.
- We continue to expect to win market share in 2018, mostly driven by our product refresh and specific customer spending cycles.
- Digging deeper into the progress with our portfolio refresh, we added 10 new ICE4 customers in Q1, bringing our total to 27, with most ICE4 revenue to date from cable, ICP and subsea customers. In metro, having introduced XTM II late in 2017, we had a solid Q1, adding 13 new XTM II customers, bringing our total number of XTM II customers to 25. With growth in the metro being driven by a heightened demand for robust packet-optical solutions, I'm pleased that the XTM II is being well received by the market. My expectation is that ICE4 and XTM II should continue to increase as a percentage of our overall mix over the course of the year.
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