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Ribbon moves to profit in Q2 on legal settlement, higher sales

Friday 2 August 2019 | 09:15 CET | News
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Ribbon Communications moved to a net profit of USD 49 million in the second quarter, from a loss of USD 20 million a year earlier thanks in part to a USD 63 million settlement from a patent infringement suit. The company's revenue rose to USD 145 million from USD 137 million in the second quarter of 2018, and adjusted EBITDA improved to USD 22 million from USD 20 million.

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Categories: Fixed
Companies: Ribbon Communications
Countries: World
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