Radisys reported Q1 revenue of $75.5 million and a first quarter GAAP net loss was $4.8 million or $0.18 per share. GAAP gross margin was 30.5%.
ATCA and Software & Solutions Revenues were $49.7 million, up 60% Year over Year and growing to 66% of total revenue.
Commenting on the first quarter results, Mike Dagenais, Radisys’ Chief Executive Officer stated, “Our first quarter performance came in as expected. Solid shipments in both our ATCA and Software & Solutions product groups, which combined grew 60% year on year, enabled non-GAAP gross margins of nearly 34%. We also were able to drive lower costs relative to our plan due to the ongoing focus on improving efficiencies throughout the organization. We expect these efforts to result in additional 2012 expense synergies.”
