Radisys Announces Preliminary First Quarter Revenue Exceeding High-End of Guidance Range
RADISYS (RSYS)
Last radisys earnings: 11/8 04:05 pm
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Source: Business Wire
HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced preliminary first quarter 2018 revenue of approximately $25.5 million, exceeding the high-end of the Company’s prior guidance range of $22 million to $24 million. The Company also expects non-GAAP earnings per share to be within the prior guidance range of ($0.12) to ($0.08) per share. "Our preliminary first quarter results reflect better than anticipated orders, primarily in our Hardware Solutions segment, with Software-Systems in-line with our expectations," said Brian Bronson, Radisys president and CEO. "Importantly, we remain on track to return to non-GAAP profitability in the second half of this year, as we benefit from our recently implemented cost-reduction initiatives and Software-Systems increasingly becomes a greater portion of total revenue. We look forward to shari
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