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Radisys Secures $5 Million Order from Large Asian Customer

RADISYS (RSYS)  More Company Research Source: Business Wire
Last radisys earnings: 11/8 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: radisys.com/investor-relations
PDF Receives $4.7 Million Cash Payment Against Existing Accounts Receivable HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced the Company has received an approximately $5 million order for MediaEngine product from its large Asian customer, of which roughly $4 million is expected to be shipped in the fourth quarter of 2017, with the remainder of the order to be fulfilled in early 2018. In addition, Radisys announced that this customer recently made a cash payment of approximately $4.7 million against an existing accounts receivable balance. “This order further validates the value-add of our MediaEngine solution as well as the strength of the relationship with our large Asian customer,” said Brian Bronson, Radisys President and Chief Executive Officer. “A portion of the order was factored into our outlook for the fourt [Read more]

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