Radisys Reports Better Than Expected Second Quarter Results, Provides Outlook Including Newly Acquired Continuous Computing

HILLSBORO, OR — July 28 , 2011— Radisys® Corporation (NASDAQ: RSYS), a leading provider of innovative embedded platforms, software and services for next-generation communications, medical, aerospace and defense networks, announced revenues for the second quarter of $79.9 million, up $4.8 million compared to the same quarter in the prior year. Next Generation Communications Networks revenue was $32.2 million, up 12.5% from the same quarter in the prior year and now is 40% of total revenue. Second quarter GAAP net income was $0.2 million or $0.01 per diluted share and non-GAAP net income was $4.7 million or $0.18 per diluted share. Non-GAAP results exclude the impact of amortization of acquired intangible assets, stock-based compensation expense, restructuring charges and acquisition related charges.

  • Exceeded Expectations with Revenue of $79.9 Million, GAAP EPS of 1 Cent and Non-GAAP EPS of 18 Cents
  • Closed Acquisition of Continuous Computing on July 8th and Appointed Mike Dagenais as Chief Executive Officer
  • Expect High Growth, High Gross Margin Next Generation Communications Networks Revenues to Grow from 40% in the Second Quarter of 2011 to Over Two-Thirds of Total Revenues in 2012

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