Mahindra Comviva Selects Radisys' T-40 Series Ultra Platform
Nov 13 14
Radisys Corporation announced that Mahindra Comviva has selected Radisys' T-40 Series Ultra Platform to deliver its Mobile Data Platform (MDP), consisting of Policy Control Enforcement Function (PCEF), Policy Charging & Rules Function (PCRF) and Mobile Internet Gateway (MIG), for its customer, a Tier1 Middle Eastern service provider. Radisys' T-40 standards-based, telecom-grade platform delivers increased reliability and high availability that enables Mahindra Comviva to collocate the entire MDP with PCEF, PCRF and MIG onto a single system, thereby reducing the cost, power and footprint. Mahindra Comviva will roll out the T-40 Ultra in fourth quarter of 2014. Radisys' T-Series Platforms are a commercial off-the-shelf, open standards-based ATCA solution, pre-configured with the latest Intel silicon to meet operators' high-performance requirements for Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) deployments. Designed for applications that require high-density and high-throughput performance, the T-40 Ultra delivers an ideal platform for telecom equipment manufacturers, and their mobile operator customers, to deploy high performance virtualized data plane applications.
RadiSys Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2014
Nov 6 14
RadiSys Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $50,805,000 against $54,109,000 a year ago. Loss from operations was $4,103,000 against $11,996,000 a year ago. Loss before income tax expense was $3,957,000 against $12,096,000 a year ago. Net loss was $4,469,000 or $0.12 per basic and diluted share against $12,720,000 or $0.44 per basic and diluted share a year ago. Net cash used in operating activities was $1,650,000 against $1,195,000 a year ago. Capital expenditures were $584,000 against $965,000 a year ago. Non-GAAP income from operations was $1,320,000 against loss from operations of $4,104,000 a year ago. Non-GAAP net income was $686,000 or $0.02 per diluted share against net loss of $4,595,000 or $0.16 per diluted share a year ago.
For the nine months, the company reported revenues of $144,568,000 against $187,725,000 a year ago. Loss from operations was $20,996,000 against $20,819,000 a year ago. Loss before income tax expense was $21,146,000 against $21,159,000 a year ago. Net loss was $23,114,000 or $0.68 per basic and diluted share against $23,389,000 or $0.82 per basic and diluted share a year ago. Net cash used in operating activities was $6,972,000 against net cash provided by operating activities was $3,905,000 a year ago. Capital expenditures were $1,861,000 against $4,343,000 a year ago. Non-GAAP loss from operations was $4,211,000 against $2,606,000 a year ago. Non-GAAP net loss was $6,001,000 or $0.18 diluted per share against $3,970,000 or $0.14 per diluted share a year ago.
For the fourth quarter ending December 31, 2014, revenue is expected between $47 million and $53 million. GAAP net loss is expected to be between $4.8 million to $0.7 million. Non-GAAP net income is expected to be between $0.2 million to $4.3 million. GAAP net loss per share is expected to be between $0.13 to $0.02. Non-GAAP net income per share (diluted) is expected to be between $0.00 to $0.12. Fourth quarter non-GAAP earnings are expected to range from breakeven to a profit of $0.12 per share and cash balance in the quarter is expected to remain relatively unchanged. Non-GAAP gross margin is expected to increase sequentially to between 36% and 39% of sales and results from increased shipments in higher-margin ATCA products, combined with the full benefit expects to realize from the completion of contract manufacturing transition to Ennoconn.
Zoom Deploys Radisys' MPX-12000 Broadband Media Resource Function for its Innovative Cloud Conferencing Service
Oct 9 14
Radisys(R) Corporation announced the deployment of its MPX-12000 Broadband Media Resource Function (MRF) by Zoom Video Communications, the cloud meeting company. The MPX-12000 delivers scalable HD media processing to enable Zoom's cloud based audio and video conferencing service. The Radisys solution improved Zoom's audio conference quality, while delivering the reliability required for cloud services and scalability for future growth. Cloud-based HD video conferencing requires exceptional audio conference quality for which the MPX-12000 is renowned. After evaluation of competing solutions in the market, Zoom selected Radisys' MPX-12000 for deployment in its Santa Clara, California and New York, New York data centers due to its rich feature set, proven reliability and compelling economics. The MPX-12000 standards-based interfaces enabled rapid integration into Zoom's existing cloud-based video and web conferencing application. The MPX-12000 Broadband MRF is based on Radisys' telecom-grade T-Series platforms which deliver the reliability and scalable capacity essential for cloud deployments.