Wednesday, December 15, 2010

RadiSys Trims Guidance

RadiSys anticipates its Q4 2010 revenue and earnings to be lower than its previously stated guidance, or between $62 and $64 million, down from the previous guidance of $68 to $72 million. The company expects a GAAP fourth quarter net loss of between $0.15 and $0.20 per share, down from the prior guidance of breakeven to net income of $0.05 per diluted share.

"While much of our business is performing well relative to our original fourth quarter guidance, we recently received news that our projected fourth quarter revenue with a large North America media server end customer is expected to be significantly lower. Specifically, our end customer reprioritized their capital expenditures in the quarter and removed a planned set of media server feature enhancements from their fourth quarter deployment programs. We have a long term deployment history with this end customer and expect that both feature and capacity upgrades will continue to be a key part of their plans going into 2011 and beyond," stated Scott Grout, RadiSys President and CEO.