Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, has announced financial results for the third quarter ended September 30, 2018, the company said.
Consolidated revenue of USD 27.0 million, with Software-Systems revenue growth of 24% year-over-year; GAAP gross margin of 43.4% and non-GAAP gross margin of 43.6%.
GAAP loss of (USD 0.05) per share and non-GAAP earnings of USD 0.05 per diluted share; and
Exited the quarter with USD 14.1 million of consolidated cash, cash equivalents and restricted cash, an increase of USD 4.5 million over prior quarter.
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.