Welcome to our dedicated page for Ribbon Communications news (Ticker: RBBN), a resource for investors and traders seeking the latest updates and insights on Ribbon Communications stock.
Ribbon Communications Inc. (Nasdaq: RBBN) is a leading global provider of communications software, IP, and optical networking solutions. Serving a diverse clientele that includes service providers, enterprises, and critical infrastructure sectors, Ribbon is focused on modernizing communication networks for enhanced business outcomes. Their innovative, end-to-end solutions span from core to edge software-centric offerings, cloud-native services, advanced security tools, and analytics, as well as IP and optical networking solutions essential for the rollout of 5G technology.
Ribbon operates primarily through two segments: the Cloud and Edge segment, and the IP Optical Networks segment. The Cloud and Edge segment, which generates the majority of the company's revenue, offers secure and reliable software and hardware solutions for VoIP communications and Voice Over LTE, addressing the needs of both service providers and enterprise customers. Meanwhile, the IP Optical Networks segment focuses on delivering robust networking solutions that aid in the seamless transition to 5G.
Ribbon's latest initiatives highlight its commitment to innovation and customer engagement. Recently, the company hosted the Ribbon Tech Forum in Plano, Texas, bringing together industry experts to discuss cutting-edge trends and best practices. Additionally, Ribbon announced a significant partnership with BroadSource to integrate its SBC SWe technology into BroadSource's PCI-DSS compliant SecureCall payment system, enhancing secure payment processes over the phone.
Financially, Ribbon reported significant improvements for the full year 2023 with a total revenue of $826 million, up from $820 million in 2022. The company also showed a marked increase in adjusted non-GAAP EBITDA, which rose to $91 million, reflecting a 41% year-over-year improvement. Looking forward, Ribbon projects continued growth and profitability, supported by strategic initiatives and new customer engagements.
Environmental, Social, and Governance (ESG) principles are deeply embedded in Ribbon's operations, underscored by their annual Sustainability Report. This commitment ensures that Ribbon not only pursues business success but also contributes positively to societal and environmental well-being.
To stay updated on the latest developments and financial performance of Ribbon Communications Inc., visit their official site at rbbn.com.
Ribbon Communications reported Q1 2022 revenue of $173 million, down from $193 million in Q1 2021. The net loss for the quarter widened to $70 million compared to $45 million in the prior year. Notably, IP Optical Networks sales in North America surged 190% YOY. The company anticipates sequential revenue growth in Q2, projecting revenues between $200 million to $215 million and a non-GAAP diluted EPS of $0.03 to $0.06. Despite supply chain issues, Ribbon's investment in product development aims to boost revenue growth.
Ribbon Communications (Nasdaq: RBBN) announced its partnership with Microsoft to support the Operator Connect Accelerator, enhancing service provider offerings for Microsoft Teams. This initiative aims to streamline deployments, enabling faster market entry for telecom services. Key features include pre-assembled API integration and sales enablement tools, which simplify the selling, provisioning, and billing processes. With over 270 million Teams users, this partnership enhances accessibility to telecom services, positioning teams as a viable alternative to traditional telephony.
Ribbon Communications Inc. (Nasdaq: RBBN) plans to announce its first-quarter 2022 financial results on April 27, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. Interested parties can access the live webcast on Ribbon's investor website, where a replay will also be available shortly after. The conference call will include dial-in options for both domestic and international listeners.
Ribbon Communications (Nasdaq: RBBN) showcased its extensive portfolio of secure cloud migration solutions aimed at aiding businesses transition to hybrid work environments during the Channel Partners Conference & Expo held in Las Vegas from April 11-14, 2022. The company highlighted its offerings for Microsoft Teams and Zoom Phone, emphasizing security measures against fraud and robocalls. Through partnerships with firms like Infosys, TD Synnex, and Westcon-Comstor, Ribbon aims to deliver advanced communication solutions, enhancing performance and security for customers, particularly in regulated sectors.
Ribbon Communications (Nasdaq: RBBN) has strengthened its partnership with Continuant, leveraging Ribbon's Microsoft Teams-certified Direct Routing solutions. This collaboration aims to facilitate the transition of large universities, manufacturing firms, and financial institutions to cloud-based Microsoft Teams Phone System capabilities. The partnership supports the growing trend of hybrid work environments. With the integration of Ribbon's technology, Continuant aims to deliver premium managed services globally. The solutions will be showcased at Enterprise Connect from March 21-23 in Orlando.
Ribbon Communications (Nasdaq: RBBN) will exhibit at Enterprise Connect from March 21-23 in Orlando, showcasing solutions for Microsoft Teams, Zoom Phone, and cloud contact center migrations. The company aims to assist enterprises in transitioning to secure cloud communications. Highlights include advanced analytics and an IP Optical portfolio for high-capacity networks. Ribbon and partners Synnex and Poly will introduce a new no-risk bundled offer for Microsoft Teams integration. The participation also includes presentations by key personnel.
Ribbon Communications (Nasdaq: RBBN) has announced a partnership with Odine to enhance voice interconnect services for Turkcell, Turkey's leading telecommunications provider. The collaboration focuses on virtualization and cloudification of services, which will enable cost reductions and operational efficiencies. Turkcell's Chief Technology Officer highlighted Ribbon's expertise as a key reason for their selection. The solution includes Ribbon's SBC SWe and PSX SWe to support Turkcell's digital transformation and improve network agility.
Ribbon Communications (RBBN) reported its Q4 2021 results, showing revenue of $231 million, down from $244 million year-over-year. For 2021, total revenue was $845 million, slightly up from $844 million in 2020. The company noted a net loss of $96 million in Q4, influenced by a $116 million goodwill impairment. IP Optical Networks revenue grew 22% sequentially. Looking forward, RBBN projects 2022 revenue of $850-$880 million, with guidance reflecting a focus on growth despite current supply chain challenges and geopolitical concerns.
Ribbon Communications (Nasdaq: RBBN) has partnered with Infosys to provide an integrated IT Managed Services offering aimed at global enterprises. This collaboration facilitates the transition from legacy PBX systems to the Microsoft Teams Phone System Direct Routing. The solution integrates Ribbon's Microsoft-certified Core and Edge Session Border Controllers and Centralized Policy & Routing features, enhancing communication capabilities for multinational organizations. Already deployed by a major global brand, this offering is designed to streamline voice transformation projects, ensuring flexibility and redundancy.
On February 15, 2022, Ribbon Communications announced that Beanfield Metroconnect has become the first Canadian service provider to deploy Ribbon Connect for Microsoft Teams Direct Routing. This collaboration allows Beanfield to enhance its Hosted Voice offerings, enabling seamless integration of office phone systems with Microsoft Teams, thus improving customer productivity. Beanfield's CEO emphasized the importance of reliable connectivity and collaboration for businesses, while Ribbon's VP highlighted the competitive advantage gained through this integration.
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