Radisys Corp (RSYS) Tops Q2 EPS by 4c; Mixed Q3 Outlook
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Radisys Reports Second Quarter 2016 Results
July 26, 2016 4:05 PM EDTConsolidated revenue grows 30% year-on-year to $61.3 million
HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), the services acceleration company, today announced financial results for the second quarter ended June 30, 2016.
Second Quarter Highlights
Consolidated revenue of $61.3 million resulted in 30% year-on-year revenue growth; Software-Systems revenue was $14.6 million, with gross margin of 62.8% expanding 670 basis points year-on-year; GAAP loss per share was $0.02, an improvement of $0.09 year-on-year. Non-GAAP earnings were $0.10 per diluted share, an increase of $0.07 per share year-on-year; and... More