Radisys Announces Preliminary Second Quarter 2017 Revenue
RADISYS (RSYS)
Last radisys earnings: 11/8 04:05 pm
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US:NASDAQ Investor Relations:
radisys.com/investor-relations
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Source: Business Wire
HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), the services acceleration company, today announced preliminary revenue for the second quarter ended June 30, 2017 of approximately $35 million, compared to the Company’s previously stated guidance range of $41 million to $47 million. “Delayed buying decisions at two of our largest customers resulted in second quarter revenue below our previously expected range,” stated Brian Bronson, Radisys President and Chief Executive Officer. “Despite these near-term challenges, I remain encouraged by the incremental progress we are continuing to make in proof-of-concepts and trials with tier-one customers across our strategic product lines, including initial engagements for our now commercially available FlowEngine TDE-2000 product. Our highly disruptive products and solutions are actively receiving increased attention from leading service providers,
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