Radisys reports Q3 2017 results

Radisys Corporation (NASDAQ: RSYS), a global provider of open telecom solutions, has announced financial results for the third quarter ended September 30, 2017, the company said.

For the third quarter of 2017, Software-Systems revenue was USD 11.3 million, compared to USD 11.5 million in the prior quarter and USD 10.4 million in the third quarter of 2016. The sequential decline was the result of timing of professional services programs, which we expect to benefit from in the fourth quarter of 2017.

Gross margin was 47.9%, compared to 54.3% in the prior quarter and 59.6% in the third quarter of 2016. Operating loss was USD 2.4 million, compared to an operating loss of USD 1.9 million in the prior quarter and an operating loss of USD 2.2 million in the third quarter of 2016.

For the third quarter of 2017, Hardware Solutions revenue was USD 17.5 million, compared to USD 23.6 million in the prior quarter and USD 45.0 million in the third quarter of 2016. The sequential decline reflects an expected discontinuance in new DCEngine orders from the company´s tier one US customer.

Gross margin was (13.2)%, compared to 24.3% in the prior quarter and 22.4% in the third quarter of 2016. Operating loss was USD 7.9 million, compared to operating income of USD 0.2 million in the prior quarter and operating income of USD 4.9 million in the third quarter of 2016.

For the third quarter of 2017, consolidated revenue was USD 28.8 million, compared to USD 35.1 million in the prior quarter and USD 55.4 million in the third quarter of 2016.

Radisys enables service providers to drive disruption with new open architecture business models. Radisys´ innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers´ complex deployment challenges. For more information, visit www.Radisys.com.