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Product category: Networking Hardware
News Release from: RadiSys Corporation
Edited by the Electronicstalk Editorial Team on 03 February 2004

Q4 growth concludes profitable year for
Radisys

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Radisys has reported revenues of $55.3 million for the quarter ended 31st December 2003, a 17% increase from the same period last year, and up 10% from the prior quarter.

Radisys has reported revenues of $55.3 million for the quarter ended 31st December 2003, a 17% increase from the same period last year, and up 10% from the prior quarter Net income for the quarter was $1.5 million, or $0.08 per diluted share, versus net income of $941 thousand, or $0.05 per diluted share, a year ago

The results for the quarter ended 31st December 2003 include a loss of $1.8 million associated with the sale of an office building in Des Moines, Iowa and a $208 thousand reversal of previously accrued restructuring liabilities.

For the year ended 31st December 2003, revenues were $202.8 million, an increase of 1% from revenues of $200.1 million for the year ended 31st December 2002.

Net income for the year ended 31st December 2003 was $1.3 mill