earnings
confidence high
sentiment positive
materiality 0.65
Ribbon Communications Q3 revenue $210M (+3.5% YoY); strong profitability beats expectations
Ribbon Communications Inc.
2024-Q3 EPS reported
-$0.35
revenue$582,522,000
- Revenue $210M up 3.5% YoY; Cloud & Edge grew 11% YoY and 16% QoQ.
- GAAP net loss $13M ($0.08 EPS) vs $14M loss YoY; non-GAAP net income $8M ($0.05 EPS).
- Non-GAAP Adjusted EBITDA $30M (14% of sales) vs $28M in Q3 2023.
- GAAP gross margin 52%, non-GAAP 55% – exceeded expectations on product mix and professional services.
- Q4 guidance projects 8% YoY revenue growth at midpoint; momentum from Verizon voice modernization and federal awards.