Radisys Announces Preliminary First Quarter Revenue Exceeding High-End of Guidance Range
HILLSBORO, Ore.--(BUSINESS WIRE)--Apr. 9, 2018--
Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom
solutions, today announced preliminary first quarter 2018 revenue of
approximately $25.5 million, exceeding the high-end of the Company’s
prior guidance range of $22 million to $24 million. The Company also
expects non-GAAP earnings per share to be within the prior guidance
range of ($0.12) to ($0.08) per share.
"Our preliminary first quarter results reflect better than anticipated
orders, primarily in our Hardware Solutions segment, with
Software-Systems in-line with our expectations," said Brian Bronson,
Radisys president and CEO. "Importantly, we remain on track to return to
non-GAAP profitability in the second half of this year, as we benefit
from our recently implemented cost-reduction initiatives and
Software-Systems increasingly becomes a greater portion of total
revenue. We look forward to sharing more details in our upcoming first
quarter earnings conference call."
Radisys will report its complete first quarter 2018 results as part of
the Company’s quarterly earnings conference call, which is currently
scheduled for May 1, 2018.
These results are preliminary and unaudited and subject to adjustment
during the standard accounting close process.
Radisys (NASDAQ: RSYS) helps communications and content providers, and
their strategic partners, create new revenue streams and drive cost out
of their services delivery infrastructure. Radisys’ hyperscale software
defined infrastructure, service aware traffic distribution platforms,
real-time media processing engines and wireless access technologies
enable its customers to maximize, virtualize and monetize their
networks. For more information about Radisys, please visit www.radisys.com.
This press release contains forward-looking statements, including
statements about the Company's business, preliminary results of
operations, financial outlook and expectations for the first quarter of
2018. Actual results could differ materially from the preliminary
results of operations, outlook guidance and expectations in these
forward-looking statements as a result of a number of risk factors which
are outlined in the Company’s most recent Form 10-K and Form 10-Q
filings with the Securities and Exchange Commission (SEC), copies of
which may be obtained by contacting the Company at 503-615-1100, from
the Company's investor relations web site at http://investor.radisys.com/,
or at the SEC's website at http://www.sec.gov.
Although forward-looking statements help provide additional information
about Radisys, investors should keep in mind that forward-looking
statements are inherently less reliable than historical information.
Should one or more of these risks or uncertainties materialize (or the
other consequences of such a development worsen), or should underlying
assumptions prove incorrect, actual outcomes may vary materially from
those forecasted or expected. The Company believes its expectations and
assumptions are reasonable, but there can be no assurance that the
expectations reflected herein will be achieved. All information in this
press release is as of the date of this release. The Company undertakes
no duty to update any forward-looking statement to conform the statement
to actual results or changes in the Company's expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180409005397/en/
Source: Radisys Corporation
Jon Wilson, 503-615-1685
Brett L. Perry, 214-272-0070