Telecom Lead America: Radisys Corporation, a
provider of embedded wireless infrastructure solutions, has posted revenues of
$75.5 million for the first quarter 2012, against $73.6 for the same quarter of
2011.
The company earned $29.5 million revenue from its
North-America business, which stands for 39.1 percent of the total revenue,
against $19.04 million for the same quarter last year, representing 25.6
percent.
For its Europe and MEA business the company posted
revenue of $19.44 million, representing 25.8 percent of the total revenue,
against $25.4 million for the same quarter last year.
For Q1 2012, the company earned $26.4 million from its
Asia-Pacific business, representing 35.1 percent of the total revenue, versus
$29.12 million for Q1 2011.
The company posted net loss at$4.8 million or $0.18 per
share for the quarter ended 31, March 2012, against $529 million for the same
quarter of 2011.
The company’s ATCA and Software & Solutions revenues
were $49.7 million, up 60 percent Year over Year and growing to 66 percent of
total revenue. Gross margin stood at 30.5 percent.
Total Research and Development (R&D) and Selling,
General and Administrative (SG&A) expenses were $24.5 million for Q1 2012.
For Q2 2012, the company expects to earn revenue between
$80 and $86 million representing an approximate $7 million or 10 percent
increase from the first quarter.
The company said that ATCA and Software & Solutions revenue is expected
to drive the majority of the increase as end customer deployments from previous
design wins begin ramping. All other revenue categories are expected to be
slightly up when compared to the first quarter.
Our first quarter performance came in as expected. Solid
shipments in both our ATCA and Software & Solutions product groups, which
combined grew 60 percent year on year, enabled non-GAAP gross margins of nearly
34 percent. We also were able to drive lower costs relative to our plan due to
the ongoing focus on improving efficiencies throughout the organization. We
expect these efforts to result in additional 2012 expense synergies,” said Mike
Dagenais, chief executive officer at Radisys.
Radisys deploys LTE services core network at Mavenir Systems
Recently, Radisys Corporation announced the successful
deployments of an LTE services core network by Mavenir Systems using Radisys’
AdvancedTCA (ATCA) platforms, Trillium software and IP Media Server.
