Product category:
Networking Hardware
News Release from: RadiSys Corporation
Edited by the Electronicstalk Editorial
Team on 05 November 2004
Revenues rise in third quarter
Radisys has reported revenues of $61.7 million for the quarter ended 30th September 2004, a 23% increase from the same period last year.
Radisys has reported revenues of $61.7 million for the quarter ended 30th September 2004, a 23% increase from the same period last year Net income for the quarter was $3.8 million, or $0.20 per diluted share, versus net income of $2.3 million, or $0.12 per share, a year ago
This article was originally published on Electronicstalk on 19 Feb 2002 at 8.00am (UK)
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The company continues to generate positive cash flow from operations and increased total cash and investments to $188.9 million from $181.4 million as of last quarter.
Cash cycle time hit a new low this quarter of 43 days versus 47 days last quarter.
The results for the third quarter also include a $428 thousand restructuring charge associated with the elimination of 14 positions in the company's Birmingham, UK office.
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The company plans to integrate these operations into other existing Radisys locations and believes that this consolidation further facilitates its ability to provide more integrated platform solutions to its customers.
The company also recently announced its ongoing commitment to the AdvancedTCA (Advanced Telecom Computing Architecture) market with its expanded Promentum family of AdvancedTCA-compliant products and new Radisys Alliance Partner programme.
The company's AdvancedTCA strategy is based on its success as a proven strategic supplier of tested modular platforms with significant platform-level product already field deployed and carrying service.
These types of platforms enable TEMs (telecomms equipment manufacturers) to reduce the cost and time required to bring new communications systems to market.
The Promentum product family comprises integrated, carrier grade blade-server and network element solutions that address control plane and data plane applications.
In addition, the Radisys Alliance Partner programme enables the company to broaden the scope and value of its solutions through a set of leading ecosystem partners.
"We delivered another solid quarter both strategically and operationally", stated Scott Grout, CEO.
"Our wireless infrastructure business continues to be strong, which enabled us to deliver revenue and earnings growth despite some softening within some of our enterprise markets".
"We underscored our commitment to the AdvancedTCA market by announcing our Promentum family of products as well as the RadiSys Alliance Partner programme".
"We also continued to make meaningful progress in our globalisation efforts, including the expansion of both our China development centre and our manufacturing outsourcing initiative".
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