Ribbon Communications

Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
GAAP, Ribbon Communications, Public expenditure, Bank

PLANO, Texas, Feb. 14, 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 its financial results for the fourth quarter and full year 2023.

Key Points: 
  • "Despite a challenging operating environment, we grew both sales and profitability in 2023.
  • As a result, adjusted EBITDA in the fourth quarter of 2023 was strong at $43 million, or 19% of revenue.
  • We improved our capital structure in 2023 by issuing $55 million of preferred equity and reducing our term loan by $95 million," said Mick Lopez, Chief Financial Officer of Ribbon Communications.
  • 1 Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about the non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the attached schedules.

Ribbon Communications to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

Retrieved on: 
Wednesday, January 31, 2024
IP, Ribbon Communications

PLANO, Texas, Jan. 31, 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 that it will report financial results for the fourth quarter and full year of 2023 after the close of the market on Wednesday, February 14, 2024.

Key Points: 
  • PLANO, Texas, Jan. 31, 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 that it will report financial results for the fourth quarter and full year of 2023 after the close of the market on Wednesday, February 14, 2024.
  • Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.
  • ET to discuss the results.
  • The Company will offer a live, listen-only webcast of the conference call via the investor section of its website at investors.ribboncommunications.com , where a replay will also be available shortly following the conference call.

BroadSource Partners with Ribbon to Enhance Credit Card Data Security

Retrieved on: 
Tuesday, December 12, 2023
Cloud, PCI, Ribbon Communications, IP, DTMF, Dual-tone multi-frequency signaling, PCI-DSS, Security, Ribbon, SBC, Online shopping

PLANO, Texas, Dec. 12, 2023 /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 that global solutions provider BroadSource has selected Ribbon's SBC SWe as a key component in its Payment Card Industry Data Security Standard (PCI-DSS) compliant secure payments system, SecureCall.

Key Points: 
  • PCI-DSS is a global payments industry standard for keeping consumer credit card data secure when payment information is transmitted online or over the phone.
  • While large contact centers may have solutions in place, multiple locations remain where credit card information is shared over the phone, verbally.
  • When SecureCall removes the customer's card details from the conversation, the business no longer has visibility into the customer's card details.
  • Retail employees and agents can securely take credit card information over the phone without pausing calls or screen recordings.

BroadSource Partners with Ribbon to Enhance Credit Card Data Security

Retrieved on: 
Tuesday, December 12, 2023
Cloud, PCI, Ribbon Communications, IP, DTMF, Dual-tone multi-frequency signaling, PCI-DSS, Security, Ribbon, SBC, Online shopping

SecureCall leverages Ribbon's award-winning SBC technology to participate in a secure conversation between the merchant, customer and SecureCall Cloud. The solution is acquired as a cloud service and deployed by the merchant's telecom service provider, freeing the merchant from new technology investments. Security features including DTMF (Dual Tone Multi Frequency) Clamping can be enabled on any cloud phone line, so the service is available no matter where the merchant's staff is located -- a physical store, a call center environment or a remote workstation. Retail employees and agents can securely take credit card information over the phone without pausing calls or screen recordings.

Key Points: 
  • PCI-DSS is a global payments industry standard for keeping consumer credit card data secure when payment information is transmitted online or over the phone.
  • While large contact centers may have solutions in place, multiple locations remain where credit card information is shared over the phone, verbally.
  • When SecureCall removes the customer's card details from the conversation, the business no longer has visibility into the customer's card details.
  • Retail employees and agents can securely take credit card information over the phone without pausing calls or screen recordings.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /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 that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /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 that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

BlackBerry Announces John Chen to Retire as Executive Chair and CEO

Retrieved on: 
Monday, October 30, 2023
Internet of things, Chairperson, NYSE, BB, Ruckus Networks, Lynch, Verizon (mobile network), Computer security, BlackBerry, Compensation, Interim, Ribbon Communications, Lead, Verizon Communications, BlackBerry Limited, Nomination, TSX, Management

WATERLOO, ON, Oct. 30, 2023 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced that John Chen, Executive Chair and CEO of BlackBerry, will retire from the Company effective November 4, 2023. This aligns with the terms of Mr. Chen's contract and follows the conclusion of the Project Imperium evaluation. Richard (Dick) Lynch will succeed Mr. Chen as Board Chair and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent CEO.

Key Points: 
  • WATERLOO, ON, Oct. 30, 2023 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced that John Chen, Executive Chair and CEO of BlackBerry, will retire from the Company effective November 4, 2023.
  • Richard (Dick) Lynch will succeed Mr. Chen as Board Chair and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent CEO.
  • "The BlackBerry Board of Directors would like to express its gratitude to John for his decade of strong leadership.
  • "I have known John Chen for almost two decades and have always been impressed with his focus and leadership.

Ribbon Communications Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023
Cloud, Adjustment, Conference, GAAP, Graphic Communications Conference, Ribbon Communications, Bank

PLANO, Texas, Oct. 25, 2023 /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 its financial results for the third quarter of 2023.

Key Points: 
  • 1 Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the attached schedules.
  • "Our strong Adjusted EBITDA of $28 million for the third quarter 2023, or 14% of revenue, was driven by improved margins and continued spending controls.
  • Gross margins increased for both segments due to positive mix and lower product royalties and costs," said Mick Lopez, Chief Financial Officer of Ribbon Communications.
  • 1 Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about the non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the attached schedules.

Ribbon's NPT IP Routing Solution Enables Broadband Aggregation for Shawnee Telephone

Retrieved on: 
Friday, October 20, 2023
Universal Service Fund, Ribbon Communications, Central Illinois, IP, Ribbon, Connect, Partnership, CAF, NPT, Shawnee Community College

PLANO, Texas, Oct. 20, 2023 /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 that Shawnee Communications, which serves residents and businesses in rural communities in Southern & Central Illinois with modern communications technology, has selected Ribbon's NPT IP Routing solution for broadband aggregation.

Key Points: 
  • PLANO, Texas, Oct. 20, 2023 /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 that Shawnee Communications , which serves residents and businesses in rural communities in Southern & Central Illinois with modern communications technology, has selected Ribbon's NPT IP Routing solution for broadband aggregation.
  • "Ribbon has been a trusted partner for many years, supporting us with state of the art voice solutions, and leveraging their expertise for broadband aggregation was a natural fit," said Ben McCameron, General Manager, Shawnee Communications.
  • "Their US-based post-sales support and network staging services offer additional peace of mind as we focus on providing our customers with the high speed, resilient capacity our increasingly digital environments demand."
  • With their modular design, chassis redundancy, and support for multiple routing technologies, Ribbon's IP routers deliver resiliency and effective traffic protection while eliminating the need for duplicate devices at each site.

Ribbon Communications to Report Third Quarter 2023 Financial Results on October 25, 2023

Retrieved on: 
Wednesday, October 11, 2023
IP, Ribbon Communications, Cryptocurrency, Broadcasting

PLANO, Texas, Oct. 11, 2023 /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 that it will report financial results for the third quarter of 2023 after the close of the market on Wednesday, October 25, 2023.

Key Points: 
  • PLANO, Texas, Oct. 11, 2023 /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 that it will report financial results for the third quarter of 2023 after the close of the market on Wednesday, October 25, 2023.
  • Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.
  • ET to discuss the results.
  • The Company will offer a live, listen-only webcast of the conference call via the investor section of its website at investors.ribboncommunications.com , where a replay will also be available shortly following the conference call.