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 (NASDAQ: RBBN) will announce its fourth quarter 2022 financial results on February 15, 2023, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Investors can access the call via ribboncommunications.com where a replay will be available. Ribbon Communications offers real-time communication technologies and IP optical networking solutions to service providers and enterprises, addressing the need for modern network infrastructures.
Ribbon Communications (Nasdaq: RBBN) announced that Dave Hogan, Vice President of Growth Segments, has been recognized in the Channel Futures Channel Leaders List for 2022. This list honors leaders redefining partnerships in the telecommunications sector, acknowledging Hogan's significant impact on the partner ecosystem, where around 30% of Ribbon's business originates. The list highlights key executives driving strategic technology partnerships amidst industry challenges, emphasizing the importance of their roles in shaping future collaborations.
Ribbon Communications (Nasdaq: RBBN) announced a partnership with Anglicare Sydney to modernize its communications system using Ribbon's Session Border Controllers (SBCs). The implementation aims to enhance security and connectivity in Anglicare's contact centers and facilities across New South Wales. This transition simplifies Anglicare's previous complex infrastructure, enabling a smoother integration with Microsoft Teams for corporate services. The deployment supports 24 sites, ensuring operational continuity while transitioning from outdated ISDN technology.
Ribbon Communications (Nasdaq: RBBN) announced a partnership with Bharti Airtel to enhance its IP Transport backhaul network for a nationwide 5G rollout in India. The collaboration leverages Ribbon's 5G Cell Site Router (CSR) solution, which emphasizes cost efficiency and performance. This agreement builds on previous deployments of Ribbon's Neptune and Muse platforms in Airtel's network, highlighting their ongoing commitment to modernizing telecommunications. The partnership is positioned to support India's expanding digital infrastructure and economic growth.
Ribbon Communications (Nasdaq: RBBN) announced that Evolutio has upgraded its network using Ribbon's Virtual C20, becoming the first European provider to implement this solution. This upgrade aims to enhance call control capabilities while reducing operational costs and energy consumption. Evolutio's CIO emphasized the importance of modernizing their technology to meet customer needs efficiently. The Virtual C20 facilitates network transformations and allows service providers to integrate various last-mile architectures without extensive infrastructure changes.
Ribbon Communications Inc. (RBBN) has appointed Dan Redington as the new Executive Vice President of Sales for the Americas, effective early 2023. He succeeds Steven Bruny, who is retiring after over 16 years with the company. Redington brings over 30 years of experience from Juniper Networks, where he excelled in the Service Provider sector. His extensive background in IP Routing, Security, and sales organization development is expected to support Ribbon's strategy to enhance their presence in the global market, particularly amidst growing investments by service providers in advanced network capabilities.
CBTS has partnered with Ribbon Communications to enhance the delivery of Operator Connect for Microsoft Teams. The integration of Ribbon Connect allows CBTS to expedite the deployment process, enabling businesses to transition from legacy phone systems to a digital engagement model. This partnership aims to provide a more secure, streamlined, and efficient customer experience. By leveraging Operator Connect Accelerator, CBTS enhances its service offerings, solidifying its position as a leading telecom service provider.
Ribbon Communications (Nasdaq: RBBN) announced that CBTS is utilizing Ribbon Connect to implement Operator Connect Accelerator for Microsoft Teams. This collaboration aims to streamline the transition to hybrid work models by enabling organizations to adopt Microsoft Teams with telephony services seamlessly. Ribbon Connect delivers a comprehensive set of tools to simplify service provisioning and billing. The deployment enhances CBTS's position as a telecom leader by accelerating time to market and improving customer experiences.
Ribbon Communications announced the launch of Ribbon Connect for Webex, enhancing the ability of telecom providers to offer telephony services globally. This SaaS solution simplifies the integration with Webex Calling, facilitating faster access to new revenue streams for service providers. It is designed to reduce the complexity and costs associated with cloud migrations, providing customers with a wider range of PSTN options. The collaboration aims to empower service providers to retain clients moving to cloud-based solutions.
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