Acacia Communications Reports First Quarter 2019 Results
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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Source: GlobeNewswire
MAYNARD, Mass., May 02, 2019 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its first quarter ended March 31, 2019. “I am pleased with our strong first quarter results, which exceeded the high end of our guidance on revenue, non-GAAP gross margin, non-GAAP net income and non-GAAP diluted EPS,” said Raj Shanmugaraj, President and Chief Executive Officer of Acacia Communications. “Our continued investment in industry leading coherent technologies has helped us develop a broad portfolio of products that address the needs of network operators from edge to submarine networks. We believe we are well positioned to benefit from the adoption of coherent technologies in shorter-reach pluggable interfaces. “I am excited to report that in the first quarter our revenue increased $32.3 million, or 44%, on a year-over-year basis, and our profitability also improved signi
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