Radcom Ltd. (RDCM) Tops Q3 EPS by 6c

November 1, 2016 7:01 AM EDT
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Radcom Ltd. (NASDAQ: RDCM) reported Q3 EPS of $0.09, $0.06 better than the analyst estimate of $0.03. Revenue for the quarter came in at $7.7 million versus the consensus estimate of $7.27 million.

"We were pleased with our strong third quarter results which were driven by our expanding relationship with AT&T, as well as ongoing momentum with other Tier 1 carriers globally," commented Mr. Yaron Ravkaie, RADCOM's CEO. "During the quarter, we continued to see accelerated engagements with leading top-tier carriers about their respective NFV strategies given the recent public endorsement from AT&T. In light of all these engagements and in our efforts to remain the go-to NFV vendor for customer experience, we are making investments to support our growth by scaling up our workforce with a particular focus on engineering."

Mr. Yaron Ravkaie concluded, "We are reiterating our 2016 revenue guidance range to $28-$29.5 million, up 50%-58% compared with 2015. Given the Company's best-of-breed MaveriQ suite, our message of future proofing NFV migration is resonating with carriers globally. As a result, we believe that RADCOM is well positioned to maintain its momentum for the remainder of the year and beyond."

For earnings history and earnings-related data on Radcom Ltd. (RDCM) click here.

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