Charting Success: Ribbon Delivers in 2023
MWC, Barcelona, March 2024
Clarence Reynolds, TelecomTV, spoke with Bruce McClelland, President & CEO, Ribbon Communications at this year’s Mobile World Congress (MWC) in Barcelona, Spain.
A Strong Earnings Report
Ribbon posted 4th quarter earnings, up 40%, ending up a strong 2nd half of 2023. IP Optical networks, one of Ribbon’s high growth divisions hit a milestone with over $100 million in the last quarter of 2023.
Diversification is Key
Ribbon’s strategy of diversification is a key component of the recent success. Carriers reduced spending in the 2nd half of the year but enterprise and US federal government sectors picked up the slack.
What to Look Out For in 2024
During MWC, the world’s largest mobile tech event with over 100,000 attendees from more than 200 countries & territories, Ribbon showcased a variety of new products to global array of customers:
And to top things off, Newsweek listed Ribbon on their 2024 list of “America’s Greatest Workplaces for Women.” Metrics included compensation, work-life balance and a proactive management on diversity. Ribbon also boasts geographic diversity with over half of their business coming from outside of the US.
