Radisys Reports Third Quarter GAAP EPS of 10 Cents and Non-GAAP EPS of 22 Cents

HILLSBORO, OR — October 27, 2011— Radisys® Corporation (NASDAQ: RSYS), a leading provider of embedded wireless infrastructure solutions for telecom, aerospace, defense and public safety applications, announced revenues for the third quarter of $97.9 million and Non-GAAP revenue of $99.3 million, up $24.1 million on a non-GAAP basis as compared to the same quarter in the prior year. Next Generation Communication Networks revenue grew 74% from the same quarter in the prior year to $53.6 million, representing 55% of total revenue. Third quarter GAAP net income was $2.8 million or $0.10 per diluted share and non-GAAP net income was $6.6 million or $0.22 per diluted share. Non-GAAP results exclude the impact of purchase accounting adjustments, amortization of acquired intangible assets, stock-based compensation, restructuring and acquisition-related charges, a gain on the liquidation of a foreign subsidiary and non-recurring tax adjustments. A reconciliation of GAAP to Non-GAAP results is located in the tables below.

  • Record Higher Margin Next Generation Revenues of $53.6 Million, up 74% Year Over Year and growing to 55% of Total Revenue
  • Strong Design Wins of Approximately $100 Million of Projected Next Generation Revenue Over the Next 5 Years
  • Continuous Computing Integration on Track to Achieve Synergies of $13 to $15 Million in 2012

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