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Ribbon Communication ups FY guidance after revenues double in Q3

Wednesday 31 October 2018 | 14:12 CET | News
Ribbon Communications reported stronger revenues for the third quarter, helped by its acquisition of Edgewater, which closed in the period. As a result, the company has raised its guidance for the full year. It now expects adjusted revenues of USD 610 million, an adjusted EBITDA of over USD 80 million and an adjusted EBITDA run rate of over USD 110 million. The company had previously forecast an adjusted EBITDA of USD 75 million and a run rate of at least USD 100 million.

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Categories: Fixed
Companies: Ribbon Communications
Countries: World
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