Radisys Corp (RSYS) Tops Q1 EPS by 3c; Issues Solid Outlook
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Radisys Reports First Quarter 2016 Results
May 3, 2016 4:05 PM EDTConsolidated revenue increased 13% year-on-year to $55.1 million, exceeding guidance
Secured follow-on orders for DCEngine from Tier 1 U.S. service provider
HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), the services acceleration company, today announced financial results for the first quarter ended March 31, 2016.
First Quarter Highlights
Consolidated revenue of $55.1 million resulted in 13% year-on-year revenue growth; Software-Systems revenue of $14.1 million, representing 45% year-on-year growth, with gross margin of 62.5%; GAAP loss per share was $0.08, an improvement of $0.11... More