Thursday, November 6, 2014

Radisys Posts Q3 Revenue of $51 Million, Non-GAAP Profitability

Radisys reported third quarter 2014 revenues of $50.8 million and a GAAP net loss of $4.5 million or $0.12 per diluted share. Third quarter non-GAAP profit was $0.7 million or $0.02 per diluted share.

“As we continue the transformation of Radisys, I’m pleased we met the guidance set in August and returned the company to non-GAAP profitability. Our continued progress in driving our strategy combined with a relentless focus on improving operational efficiencies and reducing cost have yielded steadily improving financial results over the prior four quarters," stated Brian Bronson, Radisys President and Chief Executive Officer.

Radisys noted 30+ MRF trials in support of both Voice over LTE (VoLTE) and WebRTC deployments that leverage its media processing expertise with either its full media processing platform or its virtualized software-only MRF.

http://www.radisys.com

0 comments:

Post a Comment

See also