RadiSys Reports Q2
Commenting on the financial results for the quarter, Scott Grout, President and CEO stated, "We grew revenues by 13% sequentially as both our communications and commercial businesses increased from the first quarter. Our cash flow returned to positive levels in second quarter as we increased our cash and investments by $7.3 million." Mr. Grout went on to say, "I continue to be pleased with our design win traction including our design-in progress on many of our previous wins. In the second quarter, we closed additional new business in applications that include wireline, packet inspection, security gateway servers, military, network security, test and measurement and medical imaging. Many of our previous design wins are well into the design-in phase and our customers are making significant investments to integrate our products into their solutions. We are seeing meaningful collaboration and engagement between our technical team and our customers' to support their development programs. Our funnel of potential new design wins also remains strong with sizable opportunities across a broad range of applications."
Radisys Corp. (Nasdaq: RSYS)