Monday, May 2, 2011

RadiSys Reports Higher Than Expected Q1

RadiSys posted Q1 2011 revenue of $73.6 million, up 9% YoY, a GAAP net loss of $529,000 or $0.02 per share, and non-GAAP net income of $2.2 million or $0.09 per diluted share. Next-Generation Communications Networks product revenue was $30.4 million, up 8.5% from $28.0 million in the fourth quarter of 2010 and 41% of total revenue.

Scott Grout, RadiSys President and CEO, "We had higher than anticipated ATCA revenues as well as larger legacy communications revenues enabling us to exceed revenue expectations and come in on the high end of our earnings range for the quarter. We were awarded new ATCA business in a variety of applications including notable wins in IMS and wireless infrastructure. We entered a new geographic market with our full media server solution with application software by closing business with a leading China-based Conferencing Service Provider. "

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