Needham & Company Reiterates Buy as Radisys Corp's (RSYS) 4Q Results Come In-Line with Preannouncement
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Radisys Reports Fourth Quarter and Fiscal 2015 Results
February 9, 2016 4:05 PM ESTAnnual revenue and diluted earnings per share exceed initial guidance
Secured first order for next-generation datacenter infrastructure product targeted at telecom and cable operators
HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), the services acceleration company, today announced financial results for the fourth quarter ended December 31, 2015.
Fourth Quarter and Recent Highlights
Software-Systems revenue of $15.7 million, representing over 50% year-on-year growth, with gross margin of 61.5%; Received orders totaling approximately $19 million for the Companys next-generation datacenter infrastructure product, targeted at... More