Customer SpendingTier-1 Service Provider revenue decreased 9% quarter over quarter, reflecting cautious spending in this segment.
Market ShareOther equipment suppliers have noted slower recoveries in telco spending, but most saw Q3 up quarter over quarter, meaning there could also be some share loss.
Revenue PerformanceINFN's Q3 revenue came in weaker than expected, as strength in ICP (cloud) vertical was largely offset by continued weakness with Tier 1 / other service provider customers.