Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, has announced financial results for the second quarter ended June 30, 2018.
For the quarter, consolidated revenue of USD 24.4 million, with Software-Systems representing over 50% of total revenue including growth of nearly 20% over prior year;
GAAP gross margin of 37.5% and non-GAAP gross margin of 45.3%;
GAAP loss of (USD 0.12) per share and non-GAAP earnings of USD 0.06 per diluted share; and
Entered into a definitive agreement on June 29 to be acquired by Reliance Industries Limited (“Reliance”) for USD 1.72 per share.
Radisys enables service providers to drive disruption with new open architecture business models. Radisys´ innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers´ complex deployment challenges. For more information, visit www.Radisys.com.