Radisys Announces First Quarter 2010 Results

HILLSBORO, OR — April 27, 2010— Radisys® Corporation (NASDAQ: RSYS), a leading provider of innovative hardware and software platforms for next generation IP-based wireless, wireline and video networks, announced revenues for the first quarter of $67.3 million, a GAAP net loss of $1.0 million or $0.04 per share, and non-GAAP net income of $2.8 million or $0.11 per diluted share.

Commenting on first quarter results, Scott Grout, Radisys President and CEO stated, “I am very pleased with our results and progress in the first quarter. We came in at the upper end of our revenue range and exceeded our expectations on earnings. We continued to expand our Next Generation revenues reaching over $30 million, our highest levels yet for shipments of these products. With a solid start to 2010, we believe that we are on track to grow our Next Generation business by 20 to 30% this year. We announced a number of important new products in the quarter including several new 10/40 gigabit ATCA offerings and a new media server based mobile video solution. Wealso announced our acquisition of Pactolus Communications, a maker of next-generation IP solutions for converged VoIP networks. The Pactolus products will further strengthen our higher value, software-based solutions while leveraging our existing portfolio of communications networking products. In addition, we had a very strong quarter for design wins with both existing and new customers in growth applications including LTE, Voice Quality Enhancement (VQE), Femtocell, and WiMAX.”

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