Award recognizes success in hitting key sustainability goals including meeting emissions reduction target 7 years early PLANO, Texas, Oct. 16, 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, announced that it has been named to Newsweek's 2025 list of America's ...

Core Insights - Ribbon Communications has been selected as the technology provider for the US Department of Defense Information Services Agency (DISA) Soft Switch Backbone (SSBB) RFP awarded to ValidaTek, Inc. This initiative aims to enhance secure and resilient voice communications infrastructure for the US Department of Defense [1][3]. Company Overview - Ribbon Communications specializes in real-time communications technology and IP optical networking solutions, serving major service providers, enterprises, and critical infrastructure operators globally [1][4]. - The company focuses on modernizing networks to improve competitive positioning and business outcomes, offering a comprehensive portfolio that includes software-centric solutions, cloud-native offerings, security tools, and networking solutions for 5G [4]. Industry Context - The defense sector is facing increasing security threats that legacy communication systems cannot adequately address. Ribbon's solutions provide a migration path to modern infrastructure, enhancing capabilities and security in compliance with government mandates [3]. - Ribbon is collaborating with Tyto Athene to support ValidaTek in the global deployment of this technology [3].

PLANO, Texas, Oct. 3, 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 the appointment of John Townsend as Executive Vice President and Chief Financial Officer effective November 1, 2024. Mr. Townsend will succeed Miguel "Mick" Lopez who Ribbon p ...

The Zacks Communication-Network Software industry players are suffering from challenging macroeconomic conditions and steep inflation. Small and medium businesses have deferred capital spending on infrastructure buildout due to higher interest rates and inflation, which does not bode well for industry players. Nevertheless, industry players like Weave Communications (WEAV) and Ribbon Communications (RBBN) are gaining from the ongoing digitalization efforts that include a shift to cloud computing and the rap ...

Core Viewpoint - Ribbon Communications Inc. announces the retirement of Miguel "Mick" Lopez, the Chief Financial Officer, after 40 years in the technology industry, and is in the process of finding a successor [1][2]. Company Overview - Ribbon Communications is a global provider of real-time communications technology and IP optical networking solutions, serving large service providers, enterprises, and critical infrastructure operators [1][3]. - The company focuses on modernizing networks to enhance competitive positioning and business outcomes, offering a comprehensive portfolio that includes software-centric solutions, cloud-native offers, security tools, and networking solutions for 5G [3]. Leadership Transition - Mick Lopez has been with Ribbon since 2020 and has played a crucial role in maturing the company's operations and executing strategic initiatives, including the integration of Ribbon and ECI and refinancing the capital structure [2]. - The company expresses confidence in its future growth and success, attributing a strong foundation to Lopez's leadership during a complex macro environment [2].

Meets key environmental milestone ahead of schedule PLANO, Texas, Aug. 12, 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 released its 2023 sustainability report. The report highlights Ribbon's continued efforts in achieving its sustainability initiative ...

(Mark One) Delaware 82-1669692 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 RBBN The Nasdaq Global Select Market If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $193 million, a decrease of 8.5% year-over-year and below the guidance range [49][88] - Non-GAAP gross margin was 54.4%, a 240 basis point improvement over the prior year [88] - Adjusted EBITDA for the quarter was $22 million, slightly down from the prior year but up $10 million from Q1 [62][56] - Year-to-date profitability increased 65% on an adjusted EBITDA basis compared to 2023 [56] Business Line Data and Key Metrics Changes - IP Optical revenue in Q2 was $82 million, a 4% decrease year-over-year, primarily due to lower sales in Eastern Europe [63][82] - Cloud & Edge revenue was $111 million, a decrease of 12% year-over-year, mainly due to a delayed U.S. Federal defense deal [90] - Non-GAAP adjusted EBITDA for IP Optical was negative $4 million, showing significant improvement year-over-year [91] Market Data and Key Metrics Changes - Sales to India in the first half of 2024 were down approximately 20% year-over-year, but significant growth is expected in the second half [50] - EMEA region, excluding Eastern Europe, saw a 30% year-over-year increase in IP Optical sales [57] - Asia Pacific region outside of India experienced a 32% year-over-year sales increase [57] Company Strategy and Development Direction - The integration of Ribbon and ECI is progressing, creating a strong foundation for growth in 2025 and beyond [4] - The company is focusing on achieving sustainable profitability in the IP Optical business and diversifying sales in enterprise market verticals [71] - Recent industry consolidations, such as the Nokia-Infinera deal, present opportunities for Ribbon to capture market share [54][70] Management's Comments on Operating Environment and Future Outlook - Management expects significant growth in the second half of the year, projecting revenue to increase approximately 25% compared to the first half [66] - The company anticipates a strong second half driven by enterprise and U.S. Federal contracts, with revenue expected to grow more than 50% versus the first half [69] - The suspension of shipments to Eastern Europe is expected to impact revenue by approximately $20 million to $25 million in the second half [28][98] Other Important Information - The company successfully refinanced its credit facility, enhancing its capital structure and liquidity [64][93] - The backlog is currently higher than the total amount shipped in the first half of the year, indicating strong future demand [58] Q&A Session All Questions and Answers Question: What was the impact of Eastern Europe on the second quarter results? - The shortfall from Eastern Europe was approximately $20 million to $25 million, which is expected to be offset by other tailwinds in the second half [102] Question: Can you elaborate on the Verizon and Brightspeed deals? - The Verizon program is off to a great start, and the company expects significant growth from the Brightspeed partnership as they modernize their infrastructure [95][70] Question: How does the company plan to maintain R&D while managing expenses? - The company is focused on sustaining engineering and optimizing costs while ensuring that R&D remains a priority for future growth [104]

Exhibit 99.1 Ribbon Communications Inc. Reports Second Quarter 2024 Financial Results Net income increased 21% and Adjusted EBITDA up 65% in 1H 2024 YoY Continued improvement in gross margin and lower operating expenses Expect strong second half based on growth from U.S. Tier 1, Rural Broadband, Enterprise, and India July 24, 2024 Conference Call Details: Conference call to discuss the Company's financial results for the second quarter ended June 30, 2024. Date: Wednesday, July 24, 2024 Time: 4:30 p.m. (ET) ...

Net income increased 21% and Adjusted EBITDA up 65% in 1H 2024 YoY Expect strong second half based on growth from U.S. Tier 1, Rural Broadband, Enterprise, and India "Earnings increased significantly in the first half of 2024 with Adjusted EBITDA increasing 65% year over year despite lower sales. The improvement in profitability was driven by higher gross margins and lower operating expenses year over year. Revenue in the second quarter was impacted by a large U.S. Federal deal that was delayed to the third ...