Infinera Message Board - Msg: 33560647

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Technology Stocks : Infinera

INFN 6.640

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Feb 28 4:00 PM EST

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From: FJB	11/5/2021 7:46:19 AM
	1 Recommendation of 4443

fool.com We ended the quarter with a book-to-bill ratio well above one and record backlog once again. Compared to the same quarter last year, our product backlog has grown over 50%. Our record backlog provides us greater revenue visibility and positions us well to deliver improved growth and profitability in 2022. We delivered these results against a tough macroeconomic backdrop navigating both the global pandemic and challenging supply chain environment. So far in 2021, we estimate that the supply chain dynamics have constrained our revenue growth by 400 to 500 basis points, gross margin by 150 to 200 basis points and operating margins by 300 to 350 basis points. These dynamics have reinforced the importance of our focus on vertical integration and the associated control of our supply chain. Our annual business plan is progressing well when measured against the goals we laid out at the beginning of the year and toward our longer-term target model. For the full year of 2021, we remain on track to drive revenue growth above the market, expand gross margins by 300 to 400 basis points and be profitable on a non-GAAP operating basis.

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