Ribbon Communications ( (RBBN) ) has released its Q4 earnings. Here is a breakdown of the information Ribbon Communications presented to its investors.
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Ribbon Communications Inc., a key player in the communications technology sector, offers real-time communications and IP optical networking solutions to service providers, enterprises, and critical infrastructure operators globally. The company recently released its financial results for the fourth quarter and full year of 2024, showcasing strong performance across all key financial metrics. Ribbon Communications reported a notable increase in revenue for the fourth quarter of 2024, reaching $251 million, up from $226 million in the same period of 2023. The company’s annual revenue also grew, totaling $834 million for 2024, compared to $826 million in 2023. A significant improvement was seen in GAAP Operating Income, which climbed to $17 million from a loss of $24 million in the previous year. Non-GAAP Adjusted EBITDA for the year increased by 31% to $119 million, highlighting enhanced profitability driven by strategic sales growth and cost control measures. The company attributed its revenue growth to increased sales to U.S. Tier One Service Providers, Federal Defense agencies, and Enterprise customers, as well as contributions from U.S. Rural Broadband, Europe, and India. Ribbon’s management anticipates further growth momentum in 2025, projecting revenue between $870 million and $890 million, driven by ongoing network modernization initiatives across various sectors.
