Ribbon Communications Inc. Releases First Quarter Financial Results
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Ribbon Communications (RBBN) Tops Q1 EPS by 2c, Revenues Beat
May 6, 2020 5:52 PM EDTRibbon Communications (NASDAQ: RBBN) reported Q1 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $158 million versus the consensus estimate of $122.78 million.
"We are pleased with our first quarter sales results. In the face of very difficult global conditions for our customers and employees arising from the COVID-19 pandemic, we achieved organic revenue growth of eight percent compared with the first quarter of last year, driven by strong demand for our communications software as our customers responded to increased traffic on their networks," said Bruce McClelland, President and... More
