Radisys reported consolidated revenue of $47.0 million for Q2 2015, and non-GAAP earnings per share of $0.03, an increase of $0.10 year-on-year.
For the second quarter of 2015, Software-Systems revenue was $14.2 million, compared to $9.7 million in the prior quarter and $10.4 million in the second quarter of 2014, representing increases of 46% and 36%, respectively. Revenue growth was primarily driven by accelerating MediaEngine deployments in support of VoLTE rollouts, including partial delivery of the $11M order noted above, and revenue tied to acceptance of FlowEngine lab systems.
Embedded Products revenue was $32.9 million, compared to $39.0 million in the prior quarter and $39.6 million in the second quarter of 2014. While revenue was down both sequentially and year-on-year largely resulting from legacy end-of-life product transitions, Embedded Products revenue came in above expectations due to continued strength from the segment’s core customer base.
“In the second quarter, we continued to generate further momentum across our business, specifically within Software-Systems with strong revenue growth both sequentially and year-on-year,” said Brian Bronson, Radisys President and CEO. “Most notably, during the quarter we received an $11 million follow-on order from a large Asian carrier that selected our MediaEngine platform to enable all media processing in its VoLTE rollout. Also strategically significant during the quarter was the acceptance of additional FlowEngine lab units by the large North American carrier we are engaged with representing another tangible proof point for our new products. We continue to expect initial orders from this carrier for commercial deployments later in the second half of 2015.”
