Radisys Reports First Quarter 2018 Results
RADISYS (RSYS)
Last radisys earnings: 11/8 04:05 pm
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Source: Business Wire
Better Than Expected First Quarter Results; On Track to Achieve Non-GAAP Profitability in Second Half of 2018 HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced financial results for the first quarter ended March 31, 2018. First Quarter Summary Consolidated revenue of $26.2 million, with Software-Systems revenue growth of 10% over prior year; GAAP gross margin of 26.6% and non-GAAP gross margin of 32.8%; GAAP loss per share of ($0.16) and non-GAAP loss per share of ($0.08), at the favorable-end of the Company’s guidance range; Delivered orders totaling over $1 million in software revenue to a top MediaEngine channel partner tied to accelerating end-customer voice-over-LTE deployments; Awarded orders totaling nearly $4 million for CORD
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