ZTE Selects Radisys’ Virtualized Media Resource Function to Power its VoLTE, VoWiFi, and Value-Added Services
Jun 9 15
Radisys Corporation and ZTE Corporation announced a strategic partnership that will standardize Radisys’ MediaEngine™ virtualized Media Resource Function (vMRF) as the media processing solution for ZTE’s Value-added Services (VAS) and core network offerings in VoLTE, VoWiFi, video and IMS. By leveraging Radisys’ common media processing platform for all of its cloud-based offerings, ZTE is helping its customers accelerate the deployment of new interactive HD audio and HD video services, while reducing upfront capital expenditures and ongoing operating expenses.
Radisys Corporation Announces Significant Order from Asian Carrier
May 26 15
Radisys Corporation announced it has received a follow-on order of approximately $11 million for MediaEngine product from a large Asian carrier in support of its VoLTE network deployment. The order is expected to be fulfilled by Radisys over the course of the second and third quarters of 2015.
WIT Software Partners with Radisys Corporation
May 19 15
Radisys Corporation and WIT Software announced that they have partnered to deliver a deployment-ready solution that will enable mobile operators to roll out VoLTE, Rich Communications Services (RCS) and WebRTC to their customers. The joint solution integrates WIT Software’s RCS and WebRTC application server platforms with Radisys’ MediaEngine portfolio of MRF products. The combined offering supports transcoding for web to native VoLTE voice and video calling, and is currently undergoing trial deployments with tier-one mobile operators in Asia. WebRTC and RCS are two new technologies that are enabling communication service providers worldwide to deliver new services and revenue streams, while combating the growing threat of OTT alternatives.
Metaswitch Networks Selects vMRF from Radisys Corporation to Power Its IMS Solution
May 12 15
Radisys Corporation has announced that Metaswitch Networks has selected Radisys's virtualized Media Resource Function, or vMRF, to power its cloud-based IMS solution.
Radisys Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015
Apr 28 15
Radisys Corporation announced unaudited consolidated earnings results for the first quarter ended march 31, 2015. For the quarter, the company reported revenues of $48,687,000 compared to $43,799,000 a year ago. Loss from operations was $6,993,000 compared to $9,464,000 a year ago. Loss before income tax expense was $6,813,000 compared to $9,572,000 a year ago. Net loss was $7,053,000 or $0.19 per basic and diluted share compared to $10,434,000 or $0.35 per basic and diluted share a year ago. Net cash provided by operating activities was $3,628,000 compared to net cash used in operating activities of $3,204,000 a year ago. Capital expenditures were $640,000 compared to $678,000 a year ago. Non-GAAP income from operations was $1,055,000 compared to loss from operations of $3,692,000 a year ago. Non-GAAP net income was $1,179,000 or $0.03 per share compared to loss of $4,185,000 or $0.14 per share a year ago.
The company provided earnings guidance for the second quarter of 2015. For the quarter, the company’s revenue is expected between $42 million and $46 million, with expected double digit sequential Software-Systems revenue growth. Non-GAAP earnings are expected to range from breakeven to a profit of $0.06 per share. GAAP net loss is expected to range from $0.16 to $0.07.