Ribbon Communications Inc. Reports First Quarter 2024 Financial Results
PLANO, Texas, April 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the first quarter 2024.
- PLANO, Texas, April 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the first quarter 2024.
- Revenue for the first quarter of 2024 was $180 million, compared to $186 million for the first quarter of 2023.
- First quarter 2024 GAAP Loss from Operations improved $22 million year over year, and Non-GAAP Adjusted EBITDA improved $14 million to $12 million.
- "While Cloud & Edge sales were down in the first quarter, we believe we have reached a low point in U.S.