MC: Press Releases https://ribboncommunications.com/ en Ribbon and KGPCo Expand Partnership to Deliver Service Providers a Complete Portfolio of Cloud & Edge and IP Optical Solutions https://ribboncommunications.com/company/media-center/press-releases/ribbon-and-kgpco-expand-partnership-deliver-service-providers-complete-portfolio-cloud-edge-and-ip <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon and KGPCo Expand Partnership to Deliver Service Providers a Complete Portfolio of Cloud &amp; Edge and IP Optical Solutions</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Enables the Two Organizations to Fully Support Service Providers with an Extensive Portfolio of Solutions and Services as They Look to Modernize and Optimize Their Communications Networks</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">August 24, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX</strong>–<a href="http://www.ribboncomm.com/"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it has expanded its partnership with <a href="https://www.kgpco.com/index.html" target="_blank"><strong>KGPCo</strong></a>, the country’s largest communications network services and supply chain provider. The expanded partnership enables KGPCo to re-sell Ribbon’s entire portfolio of Cloud &amp; Edge and IP Optical solutions. As part of the expanded relationship KGPCo’s services organization will also be trained on implementation services for Ribbon’s end-to-end portfolio.</p> <p>“We have enjoyed a number of strategic customer wins with KGPCo for our IP Optical business and are excited to broaden our relationship to now cover our Cloud &amp; Edge solutions,” said David Hogan, Vice President of Enterprise &amp; Channel Sales for Ribbon. “Our expanded partnership allows both organizations to leverage our individual strengths to help service providers transform their legacy networks. Additionally, having the ability to now extend KGPCo’s world-class services capabilities to our customers and prospects will be a critical component of our joint successes moving forward.”</p> <p>“As high-bandwidth applications continue to drive the need for increased network capacity, especially in the tier-two and tier-three markets, we are seeing more operators and utilities invest in projects that enable them to deliver faster broadband and more services,” said Desi O’Grady SVP, Service Provider Sales for KGPCo. “Together KGPCo and Ribbon have the expertise and product breadth to fully support these customers through every phase of their transformation, ranging from optical network upgrades, to enhanced network security and improved analytics, to expanded SIP trunk routing and other mission-critical areas.”</p> <p>KGPCo and Ribbon have partnered to help modernize numerous service providers’ communications networks including <a href="https://ribboncommunications.com/company/media-center/press-releases/eci-and-partner-kgpco-selected-cl-tel-modernize-its-network-infrastructure-iowa" target="_blank">CL Tel</a>,&nbsp;<a href="https://ribboncommunications.com/company/media-center/press-releases/eastern-slope-rural-telephone-upgrades-ribbons-ip-and-optical-transport-solutions-increase-network" target="_blank">Eastern Slope Rural Telephone</a>, and <a href="https://ribboncommunications.com/company/media-center/press-releases/tombigbee-electric-cooperative-leverages-ribbon-and-kgpco-ip-optical-solutions-bring-broadband" target="_blank">Tombigbee Electric Cooperative</a>.</p> <h3>Key Takeaways:</h3> <ul> <li>Ribbon and KGPCo are expanding their existing relationship to now enable KGPCo to re-sell Ribbon’s entire portfolio of Cloud &amp; Edge and IP Optical solutions.</li> <li>KGPCo’s world-class services organization is being trained on implementation services for Ribbon’s complete portfolio.</li> <li>The expanded partnership enables both organizations to leverage their respective expertise and further extend their offerings to help service providers and utilities modernize, enhance and improve their communications networks.</li> <li>Ribbon and KGPCo have already enjoyed a number of customer successes in the IP Optical market including joint wins at CL Tel, Eastern Slope Rural Telephone and Tombigbee Electric Cooperative.</li> </ul> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>About KGPCo</strong><br /> KGPCo is a key strategic partner to the leading communication and technology companies creating the next generation of networks.&nbsp; By uniquely combining Network Services and Supply Chain Solutions to build, optimize, and maintain networks, our team’s unmatched expertise enables our customers to navigate today’s challenges and implement tomorrow’s innovations. Learn more at <a href="https://www.kgpco.com/index.html" target="_blank">KGPCo.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements</strong><br /> The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Mon, 23 Aug 2021 18:21:08 +0000 kalfonzo 22760 at https://ribboncommunications.com Tbaytel Selects Ribbon’s Virtualized Solutions to Modernize its Voice Communications Network https://ribboncommunications.com/company/media-center/press-releases/tbaytel-selects-ribbons-virtualized-solutions-modernize-its-voice-communications-network <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Tbaytel Selects Ribbon’s Virtualized Solutions to Modernize its Voice Communications Network</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Ribbon’s network transformation solutions provide Tbaytel the ability to offer its customers premium quality voice services, while significantly reducing power costs and accelerating time to market</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">August 12, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><b><span lang="FR">Plano, TX </span></b><span lang="FR">–<a href="http://www.ribboncomm.com/"> </a><a href="http://www.ribboncomm.com/"><b><span lang="FR">Ribbon Communications Inc.</span></b></a> (Nasdaq: RBBN), a global provider of real time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that <a href="https://www.tbaytel.net/" target="_blank"><b>Tbaytel</b></a>, the largest independently owned telecommunications provider in Canada, has selected key components from Ribbon’s fixed voice core solutions suite to modernize its communications network. Ribbon is deploying its industry-leading <a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/call-controllers/c20-call-session-controller"><b>Virtual C20 Call Controller</b></a>, <a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/media-gateways/g6-universal-gateway"><b>G6 Media Gateway</b></a>, <a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/signaling/diameter-signaling-controller-dsc-8000"><b>Diameter Signaling Controller (DSC)</b></a>, <a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/policy-routing"><b>Policy and Routing Server (PSX)</b></a> and <a href="https://ribboncommunications.com/solutions/service-provider-solutions/cloud-and-edge/identity-assurance"><b>STIR/SHAKEN (identity assurance)</b></a> solutions.</span></p> <p>“We are committed to delivering our customers the best telecommunications experience possible and this network upgrade is critical to helping us continually offer our residential and business customers the latest in voice and security technology,” said Kory MacLeod, Tbaytel’s Vice President and Chief Technology &amp; Information Officer. “This was a very competitive project, but in the end, we were extremely pleased with Ribbon’s performance during the proof of concept and the level of service and expertise of their professional services organization.”</p> <p>“Tbaytel has built its reputation on being an excellent community and corporate partner who is laser-focused on providing top-tier communications services to its customers, so we are delighted to extend our longstanding partnership with them and excited to help modernize their communications network,” said Dave Shier, Ribbon’s Vice President of Sales for Canada. “Ribbon’s comprehensive suite of virtualized network transformation solutions deliver Tbaytel the latest in voice, media, signaling, and routing capabilities, while enabling them to improve their total cost of ownership and dramatically reduce power, real estate and maintenance costs with significantly less hardware requirements.”</p> <p>Ribbon boasts one of the most comprehensive voice network transformation and security portfolios in the industry and serves communications service providers around the globe ranging from the smallest independent operating companies to the largest tier-one operators including Verizon, BT, Bharti Airtel and others.</p> <p>Tbaytel is also leveraging <a href="https://ribboncommunications.com/global-services"><b>RibbonCare</b></a>, a comprehensive portfolio of services and support offerings, to minimize their operational expenditures (OPEX) during the upgrade.</p> <h4><b>Key Takeaways:</b></h4> <ul> <li>Tbaytel, Canada’s largest independently owned telecommunications company, has selected key solutions from Ribbon’s industry-leading network transformation portfolio to help modernize and further secure its communications network.</li> <li>Ribbon’s Virtual C20, G6 Media Gateway, Diameter Signaling Controller, Policy and Routing Server and STIR/SHAKEN solutions are all being deployed to deliver Tbaytel a state-of-the-art communications network.</li> <li>Tbaytel selected Ribbon because of its strong performance during the proof-of-concept and the world-class capabilities of Ribbon’s Professional Services Organization.</li> <li>Ribbon delivered a cost-effective network modernization solution that will enable Tbaytel to improve its total cost of ownership, while dramatically reducing power, real estate and maintenance costs with significantly less hardware requirements.</li> <li>RibbonCare, Ribbon’s comprehensive portfolio of professional services and support offerings, allows Tbaytel to minimize their OPEX during the upgrade.</li> </ul> <h4><b>About Tbaytel</b></h4> <p>Since our founding in 1902, Tbaytel has grown to become the largest independently owned telecommunications provider in Canada. We recognize the importance of evolution and innovation, and are committed to providing customers across northern Ontario with the best telecommunications services available to them where they live. To learn more visit <a href="http://www.tbaytel.net" target="_blank">Tbaytel.net</a>.</p> <h4><b>About Ribbon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></h4> <p>Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP<b> </b>and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G<b>.</b> To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <h4><b>Important Information Regarding Forward-Looking Statements&nbsp; </b></h4> <p>The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding th expected benefits of Ribbon Communications' products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Wed, 11 Aug 2021 19:05:04 +0000 dedmonds 22717 at https://ribboncommunications.com Ribbon Communications Inc. Reports Second Quarter 2021 Financial Results https://ribboncommunications.com/company/media-center/press-releases/ribbon-communications-inc-reports-second-quarter-2021-financial-results-0 <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon Communications Inc. Reports Second Quarter 2021 Financial Results</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Revenue grew 10% sequentially to $211 million for the second quarter of 2021</div> <div class="field--item">Net income increased to $23 million and Adjusted EBITDA grew 119% sequentially to $43 million</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">July 28, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p>PLANO, Texas&nbsp;--&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3242158-1&amp;h=472059820&amp;u=http%3A%2F%2Fwww.ribboncomm.com%2F&amp;a=Ribbon+Communications+Inc." target="_blank"><b>Ribbon Communications Inc.</b></a>&nbsp;(Nasdaq: RBBN), a global provider of real-time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced its financial results for the second quarter of 2021.</p> <p>Sales for the first half of 2021 were up 10% versus the first half of 2020, while Adjusted EBITDA increased 60% and Non-GAAP diluted earnings per share increased 133% over the same time period. Revenue for the second quarter of 2021 was $211 million, compared to $210 million for the second quarter of 2020. &nbsp;&nbsp;&nbsp;</p> <p>"In the first half of the year, we made significant strides on the execution of our strategy, with new major IP Optical wins with Rogers, Optus, Singtel and several others," noted Bruce McClelland, President and Chief Executive Officer of Ribbon Communications. "These customer wins will significantly broaden our presence in this large addressable market and strengthen our foundation, establishing a clear path to growth in 2022 and beyond."</p> <p>Mr. McClelland added, "Sales in India in the quarter were impacted by the surge in Covid infections and country-wide restrictions. Deployments have partially recovered in recent weeks, but timing of a full recovery in network investment is difficult to predict, so it is important for us to be prudent with our expectations for the remainder of the year."</p> <p><b>Financial Highlights<sup>1, 2</sup></b><br /> The following table summarizes the consolidated financial highlights for the three months ended June 30, 2021 and 2020 (in millions, except per share amounts).</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td nowrap="nowrap">&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p><b>Three months ended</b></p> </td> </tr> <tr> <td nowrap="nowrap">&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p><b>June 30,</b></p> </td> </tr> <tr> <td nowrap="nowrap">&nbsp;</td> <td nowrap="nowrap"> <p><b>2021</b></p> </td> <td colspan="2" nowrap="nowrap"> <p><b>2020</b></p> </td> </tr> <tr> <td nowrap="nowrap"> <p>GAAP Revenue</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; 211</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ &nbsp; 210</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>GAAP Net income (loss)</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 23</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ &nbsp;( &nbsp; &nbsp;8)</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>Non-GAAP Net income</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 27</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ &nbsp; &nbsp; 11</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>GAAP Diluted earnings (loss) per share</p> </td> <td nowrap="nowrap"> <p>$ &nbsp;0.15</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ (0.06)</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>Weighted average shares outstanding for GAAP diluted earnings (loss) per share</p> </td> <td nowrap="nowrap"> <p>&nbsp; 154</p> </td> <td colspan="2" nowrap="nowrap"> <p>&nbsp; 144</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>Non-GAAP diluted earnings per share</p> </td> <td nowrap="nowrap"> <p>$ &nbsp;0.17</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ &nbsp;0.08</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>Weighted average shares outstanding for Non-GAAP diluted earnings per share</p> </td> <td nowrap="nowrap"> <p>&nbsp; 154</p> </td> <td colspan="2" nowrap="nowrap"> <p>&nbsp; 151</p> </td> </tr> <tr> <td nowrap="nowrap"> <p>Non-GAAP Adjusted EBITDA</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 43</p> </td> <td colspan="2" nowrap="nowrap"> <p>$ &nbsp; &nbsp; 30</p> </td> </tr> <tr> <td nowrap="nowrap">&nbsp;</td> <td nowrap="nowrap">&nbsp;</td> <td colspan="2" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td nowrap="nowrap">&nbsp;</td> <td nowrap="nowrap">&nbsp;</td> <td nowrap="nowrap">&nbsp;</td> <td nowrap="nowrap">&nbsp;</td> </tr> </tbody> </table> <p>Cash, cash equivalents and restricted cash was $115 million&nbsp;at June 30, 2021, compared with&nbsp;$109 million at March 31, 2021 and $94 million&nbsp;at June 30, 2020.&nbsp; GAAP Net income of $23 million in the second quarter of 2021 includes a $12 million non-cash gain associated with the quarterly mark-to-market of the Company's investment in American Virtual Cloud Technologies, Inc. ("AVCT") from the sale of the Company's Kandy Communications business and a $2.8 million gain on the sale of our QualiTech business, which closed during the second quarter.</p> <table border="0" cellpadding="0" cellspacing="0" id="convertedTable403f"> <tbody> <tr> <td> <p>&nbsp;_____________</p> </td> </tr> <tr> <td> <p><sup>1</sup>&nbsp;GAAP Net income and GAAP Diluted earnings per share for the three months ended June 30, 2021 include a $2.8 million gain on the sale of the QualiTech business.&nbsp; They also include $1.2 million of paid-in-kind interest income earned on the convertible debt and $12.1 million of income associated with the remeasurement of the convertible debt and warrants associated with the consideration received from the sale of the Company's Kandy Communications business to AVCT. &nbsp;The interest income is included in Interest expense, net, and the remeasurement expense is included in Other income (expense), net. The remeasurement income was calculated using valuation methods in accordance with accounting guidance. &nbsp;Fluctuations in AVCT's stock price will impact the future amounts that are recorded in Other income (expense), net, and could materially impact the Company's quarterly results.&nbsp;<i>&nbsp;</i></p> </td> </tr> <tr> <td> <p><sup>2&nbsp;</sup>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.</p> </td> </tr> </tbody> </table> <p>"We were very pleased with the earnings and cash generation in the quarter with both Adjusted EBITDA and Earnings per share well above our targets for the quarter. Sales were slightly less than expected primarily due to the Covid situation in India, while gross margins were stronger due to favorable product mix. Operating expenses trended lower with continued spending discipline and the benefit from several one-time items," said Mick Lopez, Chief Financial Officer of Ribbon Communications.</p> <p><b>Customer and Company Highlights</b></p> <ul type="disc"> <li>Strong 1H21 financial results: <ul type="circle"> <li>10% YoY revenue growth</li> <li>60% YoY Adj. EBITDA growth&nbsp;</li> <li>Strong gross margins in both business units and continued disciplined expense control</li> </ul> </li> <li>Significant new IP Optical wins broadening Ribbon's global customer base: <ul type="circle"> <li>Rogers Communications selected Ribbon's industry-leading 400G ZR+ optical networking and SDN solutions to upgrade its transport network</li> <li>Optus and Singtel Telecommunications multi-service transport network DWDM tender award</li> <li>Strong growth in North American markets with 1H21 sales exceeding sales in all of 2020, including Huawei replacement win with US wireless provider</li> </ul> </li> <li>Continuing portfolio innovation: <ul type="circle"> <li>Successful introduction and initial shipments of industry's first 400G ZR+ DWDM metro and long-haul transport solution</li> <li>Integral contributor enabling industry to meet US robocalling June 30th deadline with complete portfolio including CallTrust and STIR/SHAKEN solutions</li> </ul> </li> </ul> <p><b>Business Outlook<sup>1&nbsp;</sup>&nbsp;&nbsp;</b><br /> The Company's outlook is based on current indications for its business, which are subject to change.&nbsp; For the third quarter of 2021, the Company projects revenue of $215 million to $225 million, non-GAAP gross margin of 57% to 58%, non-GAAP diluted earnings per share of $0.11 to $0.13, and Adjusted EBITDA of $32 million to $36 million. &nbsp;For the full year 2021, earnings guidance remains unchanged with non-GAAP diluted earnings per share of $0.49 to $0.54, and Adjusted EBITDA of $145 million to $155 million.&nbsp; Revenue is now projected to be approximately $900 million with increased non-GAAP gross margin of 58% to 59%. The current outlook assumes no worsening of conditions related to the COVID-19 pandemic, or supply chain disruptions.</p> <table border="0" cellpadding="0" cellspacing="0" id="convertedTablefa0c"> <tbody> <tr> <td> <p><sup>1</sup>&nbsp;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.</p> </td> </tr> </tbody> </table> <p><b>Upcoming Investor Conference Schedule</b></p> <ul type="disc"> <li>August 10-11, 2021 –&nbsp;<b>Oppenheimer Technology, Internet &amp; Communications Conference</b>&nbsp;(virtual presentation and one-on-one institutional investor meetings).</li> <li>August 31-September 1, 2021 –&nbsp;<b>Jefferies Virtual Semiconductor, IT Hardware &amp; Communications Infrastructure Summit</b>&nbsp;(virtual one-on-one institutional investor meetings).</li> <li>September 14-15, 2021 –&nbsp;<b>Jefferies Virtual Software Conference</b>&nbsp;(virtual presentation and one-on-one institutional investor meetings).</li> <li>November 15-18, 2021 –&nbsp;<b>Needham Virtual Security, Networking &amp; Communications Conference</b>&nbsp;(virtual presentation and one-on-one institutional investor meetings).</li> </ul> <p><b>Conference Call Details</b><br /> Conference call to discuss the Company's financial results for the second quarter ended June 30, 2021 on July 28, 2021, via the investor section of its website at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3242158-1&amp;h=4177628099&amp;u=http%3A%2F%2Finvestors.ribboncommunications.com%2F&amp;a=http%3A%2F%2Finvestors.ribboncommunications.com" target="_blank">http://investors.ribboncommunications.com</a>, where a replay will also be available shortly following the conference call.</p> <p><b>Conference Call Details:</b><br /> Date: July 28, 2021<br /> Time:&nbsp; 4:30 p.m. (ET)<br /> Dial-in number (Domestic): 877-407-2991<br /> Dial-in number (Intl): 201-389-0925<br /> Instant Telephone Access:&nbsp;&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3242158-1&amp;h=1380677810&amp;u=https%3A%2F%2Fhd.choruscall.com%2FInComm%2F%3Fcallme%3Dtrue%26passcode%3D13715444%26h%3Dtrue%26info%3Dcompany-title%26r%3Dtrue%26B%3D6&amp;a=Call+me%E2%84%A2" target="_blank">Call me™</a>&nbsp;&nbsp;</p> <p><b>Replay information:</b><br /> A telephone playback of the call will be available following the conference call until August 11, 2021 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. The reservation number for the replay is 137200791.</p> <p><b>Investor Relations</b><br /> Tom Berry<br /> +1 (978) 614-8050<br /> <a href="mailto:tom.berry@rbbn.com" target="_blank">tom.berry@rbbn.com</a></p> <p><b>North American Press</b><br /> Dennis Watson<br /> +1 (214) 695-2224<br /> <a href="mailto:dwatson@rbbn.com" target="_blank">dwatson@rbbn.com</a></p> <p><b>APAC, CALA &amp; EMEA Press</b><br /> Catherine Berthier<br /> +1 (646) 741-1974<br /> <a href="mailto:cberthier@rbbn.com" target="_blank">cberthier@rbbn.com</a><b>&nbsp;</b></p> <p><b>Analyst Relations</b><br /> Michael Cooper<br /> +1 (708) 212-6922<br /> <a href="mailto:mcooper@rbbn.com" target="_blank">mcooper@rbbn.com</a></p> <p><b>About Ribbon</b><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit&nbsp;<a href="https://www.rbbn.com" target="_blank">rbbn.com</a>.</p> <p><b>Important Information Regarding Forward-Looking Statements</b><br /> The information in this release contains "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which are subject to several risks and uncertainties.&nbsp; All statements other than statements of historical facts contained in this release, including without limitation statements regarding, projected financial results for the third quarter 2021 and beyond, sales trends, and plans and objectives of management for future operations are forward-looking statements.&nbsp; Without limiting the foregoing, the words "believes", "estimates", "expects", "expectations", "intends", "may", "plans", "projects" and other similar language, whether in the negative or affirmative, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.</p> <p>Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions.&nbsp; Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict.&nbsp; Our actual results may differ materially from those contemplated in these forward-looking statements due to various risks, uncertainties and other important factors, including, among others, risks related to the continuing COVID-19 pandemic, including delays in customer deployments as a result of rises in cases risks that will not realize estimated cost savings and/or anticipated benefits from the acquisition of ECI; failure to realize anticipated benefits from the sale of our Kandy Communications business ("Kandy"); supply chain disruptions resulting from component availability and/or geopolitical instabilities and disputes; unpredictable fluctuations in quarterly revenue and operating results; failure to compete successfully against telecommunications equipment and networking companies; credit risks; the timing of customer purchasing decisions and our recognition of revenues; macroeconomic conditions; our ability to recruit and retain key personnel; the impact of restructuring and cost-containment activities; litigation; rapid technological and market change; our ability to protect our intellectual property rights and obtain necessary licenses; risks related to cybersecurity and data intrusion; the potential for defects in our products; risks related to the terms of our credit agreement; higher risks in international operations and markets; increases in tariffs, trade restrictions or taxes on our products; currency fluctuations; and failure or circumvention of our controls and procedures.</p> <p>These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect our business and results from operations. Additional information regarding these and other factors can be found in our reports filed with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2020. In providing forward-looking statements, the Company expressly disclaims any obligation to update these statements publicly or otherwise, whether as a result of new information, future events or otherwise, except as required by law.</p> <p><b>D</b><b>iscussion of Non-GAAP Financial Measures</b><br /> Our management uses several different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of its business, making operating decisions, planning and forecasting future periods, and determining payments under compensation programs.&nbsp; We consider the use of non-GAAP financial measures helpful in assessing the core performance of our continuing operations and when planning and forecasting future periods.&nbsp; Our annual financial plan is prepared on a non-GAAP basis and is approved by our board of directors.&nbsp; In addition, budgeting and forecasting for revenue and expenses are conducted on a non-GAAP basis and actual results on a non-GAAP basis are assessed against the annual financial plan.&nbsp; By continuing operations, we mean the ongoing results of the business adjusted for certain expenses and credits, as described below.&nbsp; We believe that providing non-GAAP information to investors will allow investors to view the financial results in the way our management views them and helps investors to better understand our core financial and operating performance and evaluate the efficacy of the methodology and information used by our management to evaluate and measure such performance.</p> <p>While our management uses non-GAAP financial measures as tools to enhance their understanding of certain aspects of our financial performance, our management does not consider these measures to be a substitute for, or superior to, GAAP measures.&nbsp; In addition, our presentations of these measures may not be comparable to similarly titled measures used by other companies.&nbsp; These non-GAAP financial measures should not be considered alternatives for, or in isolation from, the financial information prepared and presented in accordance with GAAP.&nbsp; Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures.&nbsp; In particular, many of the adjustments to our financial measures reflect the exclusion of items that are recurring and will be reflected in our financial results for the foreseeable future.</p> <p><i>Stock-Based Compensation</i><br /> The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted.&nbsp; We believe that presenting non-GAAP operating results that exclude stock-based compensation provides investors with visibility and insight into our management's method of analysis and the Company's core operating performance.</p> <p><i>Amortization of Acquired Intangible Assets</i><br /> Amortization amounts are inconsistent in frequency and amount and are significantly impacted by the timing and size of acquisitions.&nbsp; We believe that excluding non-cash amortization of intangible assets facilitates the comparison of our financial results to our historical operating results and to other companies in our industry as if the acquired intangible assets had been developed internally rather than acquired.</p> <p><i>Litigation Costs</i><br /> We have been involved in litigation with a former GENBAND business partner and have reached a settlement with the other party.&nbsp; We exclude the costs of such litigation because we believe such costs are not part of our core business or ongoing operations.</p> <p><i>Acquisition-, Disposal- and Integration-Related Expense</i><br /> We consider certain acquisition-, disposal- and integration-related costs to be unrelated to the organic continuing operations of our acquired businesses and the Company, and such costs are generally not relevant to assessing or estimating the long-term performance of the acquired assets.&nbsp; We exclude such acquisition-, disposal- and integration-related costs to allow more accurate comparisons of our financial results to our historical operations and the financial results of less acquisitive peer companies and allows management and investors to consider the ongoing operations of the business both with and without such expenses.</p> <p><i>Restructuring and Related Expense</i><br /> We have recorded restructuring and related expense to streamline operations and reduce operating costs by closing and consolidating certain facilities and reducing our worldwide workforce.&nbsp; We believe that excluding restructuring and related expense facilitates the comparison of our financial results to our historical operating results and to other companies in our industry, as there are no future revenue streams or other benefits associated with these costs.</p> <p><i>Gain on Sale of Business</i><br /> On May 12, 2021, we sold our QualiTech business, which we had acquired as part of the ECI Acquisition, to Hermon Laboratories, Ltd.&nbsp; As consideration, we received $2.9 million of cash and recorded a gain on the sale of $2.8 million.&nbsp; We exclude this gain because we believe that such gains are not part of our core business or ongoing operations.</p> <p><i>Interest Income on Debentures</i><br /> We recorded paid-in-kind interest income on the Debentures, which increased their fair value.&nbsp; We exclude this interest income because we believe that such a gain is not part of our core business or ongoing operations.</p> <p><i>(Increase) Decrease in Fair Value of Investments</i><br /> We calculate the fair value of the Debentures and Warrants at each quarter-end and record any adjustments to their fair values in Other income (expense), net.&nbsp; We exclude these and any subsequent gains and losses from the change in fair value of the Debentures and Warrants because we believe that such gains or losses are not part of our core business or ongoing operations.</p> <p><i>Tax Effect of Non-GAAP Adjustments</i><br /> Non-GAAP income tax expense is presented based on an estimated tax rate applied against forecasted annual non-GAAP income.&nbsp; Non-GAAP income tax expense assumes no available net operating losses or valuation allowances for the U.S. because of reporting significant cumulative non-GAAP income over the past several years.&nbsp; We are reporting our non-GAAP quarterly income taxes by computing an annual rate for the Company and applying that single rate (rather than multiple rates by jurisdiction) to our consolidated quarterly results.&nbsp; We expect that this methodology will provide a consistent rate throughout the year and allow investors to better understand the impact of income taxes on our results.&nbsp; Due to the methodology applied to our estimated annual tax rate, our estimated tax rate on non-GAAP income will differ from our GAAP tax rate and from our actual tax liabilities.</p> <p><i>Adjusted EBITDA</i><br /> We use Adjusted EBITDA as a supplemental measure to review and assess our performance.&nbsp; We calculate Adjusted EBITDA by excluding from Income (loss) from operations: depreciation; amortization of acquired intangible assets; stock-based compensation; certain litigation costs; acquisition-, disposal- and integration-related expense; and restructuring and related expense.&nbsp; In general, we exclude the expenses that we consider to be non-cash and/or not part of our ongoing operations.&nbsp; We may exclude other items in the future that have those characteristics. &nbsp;Adjusted EBITDA is a non-GAAP financial measure that is used by our investing community for comparative and valuation purposes.&nbsp; We disclose this metric to support and facilitate our dialogue with research analysts and investors.&nbsp; Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="9"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="9"> <p>Condensed Consolidated Statements of Operations</p> </td> </tr> <tr> <td colspan="9"> <p>(in thousands, except percentages and per share amounts)</p> </td> </tr> <tr> <td colspan="9"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="5">&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="5" nowrap="nowrap"> <p>Three months ended</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>March 31,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td colspan="4"> <p>Revenue:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;113,129</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 97,889</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;120,862</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>98,081</p> </td> <td>&nbsp;</td> <td> <p>94,883</p> </td> <td>&nbsp;</td> <td> <p>89,631</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total revenue</p> </td> <td> <p>211,210</p> </td> <td>&nbsp;</td> <td> <p>192,772</p> </td> <td>&nbsp;</td> <td> <p>210,493</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Cost of revenue:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td> <p>46,641</p> </td> <td>&nbsp;</td> <td> <p>44,445</p> </td> <td>&nbsp;</td> <td> <p>50,579</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>36,142</p> </td> <td>&nbsp;</td> <td> <p>37,780</p> </td> <td>&nbsp;</td> <td> <p>36,647</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total cost of revenue</p> </td> <td> <p>82,783</p> </td> <td>&nbsp;</td> <td> <p>82,225</p> </td> <td>&nbsp;</td> <td> <p>87,226</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Gross profit</p> </td> <td> <p>128,427</p> </td> <td>&nbsp;</td> <td> <p>110,547</p> </td> <td>&nbsp;</td> <td> <p>123,267</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Gross margin:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td> <p>58.8%</p> </td> <td>&nbsp;</td> <td> <p>54.6%</p> </td> <td>&nbsp;</td> <td> <p>58.2%</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>63.2%</p> </td> <td>&nbsp;</td> <td> <p>60.2%</p> </td> <td>&nbsp;</td> <td> <p>59.1%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total gross margin</p> </td> <td> <p>60.8%</p> </td> <td>&nbsp;</td> <td> <p>57.3%</p> </td> <td>&nbsp;</td> <td> <p>58.6%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Operating expenses:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Research and development</p> </td> <td> <p>46,797</p> </td> <td>&nbsp;</td> <td> <p>47,410</p> </td> <td>&nbsp;</td> <td> <p>51,796</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Sales and marketing</p> </td> <td> <p>34,881</p> </td> <td>&nbsp;</td> <td> <p>37,218</p> </td> <td>&nbsp;</td> <td> <p>33,898</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>General and administrative</p> </td> <td> <p>12,734</p> </td> <td>&nbsp;</td> <td> <p>15,553</p> </td> <td>&nbsp;</td> <td> <p>15,094</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Amortization of acquired intangible assets</p> </td> <td> <p>17,181</p> </td> <td>&nbsp;</td> <td> <p>15,823</p> </td> <td>&nbsp;</td> <td> <p>14,669</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>1,052</p> </td> <td>&nbsp;</td> <td> <p>1,197</p> </td> <td>&nbsp;</td> <td> <p>857</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Restructuring and related expense</p> </td> <td> <p>2,830</p> </td> <td>&nbsp;</td> <td> <p>5,950</p> </td> <td>&nbsp;</td> <td> <p>5,361</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total operating expenses</p> </td> <td> <p>115,475</p> </td> <td>&nbsp;</td> <td> <p>123,151</p> </td> <td>&nbsp;</td> <td> <p>121,675</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Income (loss) from operations</p> </td> <td> <p>12,952</p> </td> <td>&nbsp;</td> <td> <p>(12,604)</p> </td> <td>&nbsp;</td> <td> <p>1,592</p> </td> </tr> <tr> <td colspan="4"> <p>Interest expense, net</p> </td> <td> <p>(3,048)</p> </td> <td>&nbsp;</td> <td> <p>(5,819)</p> </td> <td>&nbsp;</td> <td> <p>(5,400)</p> </td> </tr> <tr> <td colspan="4"> <p>Other income (expense), net</p> </td> <td> <p>17,180</p> </td> <td>&nbsp;</td> <td> <p>(25,448)</p> </td> <td>&nbsp;</td> <td> <p>(2,407)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Income (loss) before income taxes</p> </td> <td> <p>27,084</p> </td> <td>&nbsp;</td> <td> <p>(43,871)</p> </td> <td>&nbsp;</td> <td> <p>(6,215)</p> </td> </tr> <tr> <td colspan="4"> <p>Income tax provision</p> </td> <td> <p>(3,843)</p> </td> <td>&nbsp;</td> <td> <p>(816)</p> </td> <td>&nbsp;</td> <td> <p>(2,036)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Net income (loss)</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;23,241</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; (44,687)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;(8,251)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Earnings (loss) per share:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Basic</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;0.16</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.31)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;(0.06)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Diluted</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;0.15</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.31)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;(0.06)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="5"> <p>Weighted average shares used to compute earnings (loss) per share:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Basic</p> </td> <td>&nbsp;</td> <td> <p>147,467</p> </td> <td>&nbsp;</td> <td> <p>145,936</p> </td> <td>&nbsp;</td> <td> <p>144,483</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Diluted</p> </td> <td> <p>154,160</p> </td> <td>&nbsp;</td> <td> <p>145,936</p> </td> <td>&nbsp;</td> <td> <p>144,483</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="7"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="7"> <p>Condensed Consolidated Statements of Operations</p> </td> </tr> <tr> <td colspan="7"> <p>(in thousands, except percentages and per share amounts)</p> </td> </tr> <tr> <td colspan="7"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>Six months ended</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td colspan="4"> <p>Revenue:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td nowrap="nowrap"> <p>$ &nbsp;211,018</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;196,761</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>192,964</p> </td> <td>&nbsp;</td> <td> <p>171,714</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total revenue</p> </td> <td> <p>403,982</p> </td> <td>&nbsp;</td> <td> <p>368,475</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Cost of revenue:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td> <p>91,086</p> </td> <td>&nbsp;</td> <td> <p>86,558</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>73,922</p> </td> <td>&nbsp;</td> <td> <p>68,126</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total cost of revenue</p> </td> <td> <p>165,008</p> </td> <td>&nbsp;</td> <td> <p>154,684</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Gross profit</p> </td> <td> <p>238,974</p> </td> <td>&nbsp;</td> <td> <p>213,791</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Gross margin:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Product</p> </td> <td> <p>56.8%</p> </td> <td>&nbsp;</td> <td> <p>56.0%</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Service</p> </td> <td> <p>61.7%</p> </td> <td>&nbsp;</td> <td> <p>60.3%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total gross margin</p> </td> <td> <p>59.2%</p> </td> <td>&nbsp;</td> <td> <p>58.0%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Operating expenses:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Research and development</p> </td> <td> <p>94,207</p> </td> <td>&nbsp;</td> <td> <p>94,091</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Sales and marketing</p> </td> <td> <p>72,099</p> </td> <td>&nbsp;</td> <td> <p>64,869</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>General and administrative</p> </td> <td> <p>28,287</p> </td> <td>&nbsp;</td> <td> <p>32,299</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Amortization of acquired intangible assets</p> </td> <td> <p>33,004</p> </td> <td>&nbsp;</td> <td> <p>29,003</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>2,249</p> </td> <td>&nbsp;</td> <td> <p>13,241</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Restructuring and related expense</p> </td> <td> <p>8,780</p> </td> <td>&nbsp;</td> <td> <p>7,436</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total operating expenses</p> </td> <td> <p>238,626</p> </td> <td>&nbsp;</td> <td> <p>240,939</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Income (loss) from operations</p> </td> <td> <p>348</p> </td> <td>&nbsp;</td> <td> <p>(27,148)</p> </td> </tr> <tr> <td colspan="4"> <p>Interest expense, net</p> </td> <td> <p>(8,867)</p> </td> <td>&nbsp;</td> <td> <p>(8,795)</p> </td> </tr> <tr> <td colspan="4"> <p>Other expense, net</p> </td> <td> <p>(8,268)</p> </td> <td>&nbsp;</td> <td> <p>(3,251)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Loss before income taxes</p> </td> <td> <p>(16,787)</p> </td> <td>&nbsp;</td> <td> <p>(39,194)</p> </td> </tr> <tr> <td colspan="4"> <p>Income tax provision</p> </td> <td> <p>(4,659)</p> </td> <td>&nbsp;</td> <td> <p>(2,227)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p>Net loss</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; (21,446)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; (41,421)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Loss per share</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Basic</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.15)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.31)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Diluted</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.15)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; (0.31)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Weighted average shares used to compute loss per share:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Basic</p> </td> <td>&nbsp;</td> <td> <p>146,706</p> </td> <td>&nbsp;</td> <td> <p>132,737</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Diluted</p> </td> <td> <p>146,706</p> </td> <td>&nbsp;</td> <td> <p>132,737</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="7"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="7"> <p>Condensed Consolidated Balance Sheets</p> </td> </tr> <tr> <td colspan="7"> <p>(in thousands)</p> </td> </tr> <tr> <td colspan="7"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>December 31,</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td colspan="4"> <p><b>Assets</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Current assets:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Cash and cash equivalents</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;112,155</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; 128,428</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Restricted cash</p> </td> <td> <p>2,646</p> </td> <td>&nbsp;</td> <td> <p>7,269</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Accounts receivable, net</p> </td> <td> <p>219,867</p> </td> <td>&nbsp;</td> <td> <p>237,738</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Inventory</p> </td> <td> <p>46,556</p> </td> <td>&nbsp;</td> <td> <p>45,750</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Other current assets</p> </td> <td> <p>31,739</p> </td> <td>&nbsp;</td> <td> <p>28,461</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total current assets</p> </td> <td> <p>412,963</p> </td> <td>&nbsp;</td> <td> <p>447,646</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Property and equipment, net</p> </td> <td> <p>49,287</p> </td> <td>&nbsp;</td> <td> <p>48,888</p> </td> </tr> <tr> <td colspan="4"> <p>Intangible assets, net</p> </td> <td> <p>384,352</p> </td> <td>&nbsp;</td> <td> <p>417,356</p> </td> </tr> <tr> <td colspan="3"> <p>Goodwill</p> </td> <td>&nbsp;</td> <td> <p>416,892</p> </td> <td>&nbsp;</td> <td> <p>416,892</p> </td> </tr> <tr> <td colspan="4"> <p>Investments</p> </td> <td> <p>106,012</p> </td> <td>&nbsp;</td> <td> <p>115,183</p> </td> </tr> <tr> <td colspan="4"> <p>Deferred income taxes</p> </td> <td> <p>10,915</p> </td> <td>&nbsp;</td> <td> <p>10,651</p> </td> </tr> <tr> <td colspan="4"> <p>Operating lease right-of-use assets</p> </td> <td> <p>57,869</p> </td> <td>&nbsp;</td> <td> <p>69,757</p> </td> </tr> <tr> <td colspan="4"> <p>Other assets</p> </td> <td> <p>20,698</p> </td> <td>&nbsp;</td> <td> <p>20,892</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 1,458,988</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;1,547,265</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p><b>Liabilities and Stockholders' Equity</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Current liabilities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Current portion of term debt</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;20,058</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 15,531</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Accounts payable</p> </td> <td> <p>57,939</p> </td> <td>&nbsp;</td> <td> <p>63,387</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Accrued expenses and other</p> </td> <td> <p>89,762</p> </td> <td>&nbsp;</td> <td> <p>134,865</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Operating lease liabilities</p> </td> <td> <p>17,974</p> </td> <td>&nbsp;</td> <td> <p>17,023</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Deferred revenue</p> </td> <td> <p>101,471</p> </td> <td>&nbsp;</td> <td> <p>96,824</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total current liabilities</p> </td> <td> <p>287,204</p> </td> <td>&nbsp;</td> <td> <p>327,630</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Long-term debt, net of current</p> </td> <td> <p>359,333</p> </td> <td>&nbsp;</td> <td> <p>369,035</p> </td> </tr> <tr> <td colspan="4"> <p>Operating lease liabilities, net of current</p> </td> <td> <p>62,615</p> </td> <td>&nbsp;</td> <td> <p>72,614</p> </td> </tr> <tr> <td colspan="4"> <p>Deferred revenue, net of current</p> </td> <td> <p>22,036</p> </td> <td>&nbsp;</td> <td> <p>26,010</p> </td> </tr> <tr> <td colspan="4"> <p>Deferred income taxes</p> </td> <td> <p>17,993</p> </td> <td>&nbsp;</td> <td> <p>16,842</p> </td> </tr> <tr> <td colspan="4"> <p>Other long-term liabilities</p> </td> <td> <p>40,526</p> </td> <td>&nbsp;</td> <td> <p>48,281</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p>Total liabilities</p> </td> <td> <p>789,707</p> </td> <td>&nbsp;</td> <td> <p>860,412</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Commitments and contingencies</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Stockholders' equity:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Common stock</p> </td> <td> <p>15</p> </td> <td>&nbsp;</td> <td> <p>15</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Additional paid-in capital</p> </td> <td> <p>1,868,066</p> </td> <td>&nbsp;</td> <td> <p>1,870,256</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Accumulated deficit</p> </td> <td> <p>(1,199,922)</p> </td> <td>&nbsp;</td> <td> <p>(1,178,476)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Accumulated other comprehensive income (loss)</p> </td> <td> <p>1,122</p> </td> <td>&nbsp;</td> <td> <p>(4,942)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p>Total stockholders' equity</p> </td> <td> <p>669,281</p> </td> <td>&nbsp;</td> <td> <p>686,853</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 1,458,988</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;1,547,265</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="8"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="8"> <p>Condensed Consolidated Statements of Cash Flows</p> </td> </tr> <tr> <td colspan="8"> <p>(in thousands)</p> </td> </tr> <tr> <td colspan="8"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>Six months ended</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>&nbsp;June 30,&nbsp;</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>&nbsp;June 30,&nbsp;</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td colspan="5"> <p>Cash flows from operating activities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Net loss</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(21,446)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(41,421)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Adjustments to reconcile net loss to cash flows provided by operating activities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Depreciation and amortization of property and equipment</p> </td> <td> <p>8,475</p> </td> <td>&nbsp;</td> <td> <p>8,260</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Amortization of intangible assets</p> </td> <td> <p>33,004</p> </td> <td>&nbsp;</td> <td> <p>29,003</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Amortization of debt issuance costs</p> </td> <td> <p>3,684</p> </td> <td>&nbsp;</td> <td> <p>2,554</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Stock-based compensation</p> </td> <td> <p>9,850</p> </td> <td>&nbsp;</td> <td> <p>6,198</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Deferred income taxes</p> </td> <td> <p>918</p> </td> <td>&nbsp;</td> <td> <p>97</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Gain on sale of business</p> </td> <td> <p>(2,772)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Decrease in fair value of investments</p> </td> <td> <p>9,171</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Reduction in deferred purchase consideration</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(69)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Foreign currency exchange losses</p> </td> <td> <p>2,013</p> </td> <td>&nbsp;</td> <td> <p>3,463</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3"> <p>Changes in operating assets and liabilities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Accounts receivable</p> </td> <td> <p>17,360</p> </td> <td>&nbsp;</td> <td> <p>45,422</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Inventory</p> </td> <td> <p>(1,527)</p> </td> <td>&nbsp;</td> <td> <p>773</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Other operating assets</p> </td> <td> <p>10,671</p> </td> <td>&nbsp;</td> <td> <p>14,282</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Accounts payable</p> </td> <td> <p>(3,508)</p> </td> <td>&nbsp;</td> <td> <p>(41,515)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Accrued expenses and other long-term liabilities</p> </td> <td> <p>(58,536)</p> </td> <td>&nbsp;</td> <td> <p>9,111</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Deferred revenue</p> </td> <td> <p>673</p> </td> <td>&nbsp;</td> <td> <p>554</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p>Net cash provided by operating activities</p> </td> <td> <p>8,030</p> </td> <td>&nbsp;</td> <td> <p>36,712</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="5"> <p>Cash flows from investing activities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Purchases of property and equipment</p> </td> <td> <p>(10,570)</p> </td> <td>&nbsp;</td> <td> <p>(14,891)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Business acqusitions, net of cash acquired</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(346,852)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Proceeds from sale of business</p> </td> <td> <p>2,944</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Proceeds from the sale of fixed assets</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>43,500</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p>Net cash used in investing activities</p> </td> <td> <p>(7,626)</p> </td> <td>&nbsp;</td> <td> <p>(318,243)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="5"> <p>Cash flows from financing activities:</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Borrowings under revolving line of credit</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>615</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Principal payments on revolving line of credit</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(8,615)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Proceeds from issuance of term debt</p> </td> <td> <p>74,625</p> </td> <td>&nbsp;</td> <td> <p>403,500</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Principal payments of term debt</p> </td> <td> <p>(82,147)</p> </td> <td>&nbsp;</td> <td> <p>(52,400)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Principal payments of finance leases</p> </td> <td> <p>(507)</p> </td> <td>&nbsp;</td> <td> <p>(668)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Payment of debt issuance costs</p> </td> <td> <p>(789)</p> </td> <td>&nbsp;</td> <td> <p>(10,573)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Proceeds from the exercise of stock options</p> </td> <td> <p>24</p> </td> <td>&nbsp;</td> <td> <p>23</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="4"> <p>Payment of tax withholding obligations related to net share settlements of restricted stock awards</p> </td> <td> <p>(12,064)</p> </td> <td>&nbsp;</td> <td> <p>(808)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p>Net cash (used in) provided by financing activities</p> </td> <td> <p>(20,858)</p> </td> <td>&nbsp;</td> <td> <p>331,074</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="5"> <p>Effect of exchange rate changes on cash, cash equivalents and restricted cash</p> </td> <td> <p>(442)</p> </td> <td>&nbsp;</td> <td> <p>(142)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="5"> <p>Net (decrease) increase in cash, cash equivalents and restricted cash</p> </td> <td> <p>(20,896)</p> </td> <td>&nbsp;</td> <td> <p>49,401</p> </td> </tr> <tr> <td colspan="5"> <p>Cash and cash equivalents, beginning of year</p> </td> <td> <p>135,697</p> </td> <td>&nbsp;</td> <td> <p>44,643</p> </td> </tr> <tr> <td colspan="5"> <p>Cash, cash equivalents and restricted cash, end of period</p> </td> <td nowrap="nowrap"> <p>$ &nbsp;114,801</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; 94,044</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="13"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="13"> <p>Supplemental Information</p> </td> </tr> <tr> <td colspan="13"> <p>(in thousands)</p> </td> </tr> <tr> <td colspan="13"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="13"> <p>The following tables provide the details of stock-based compensation included as components of other line<br /> items in the Company's Condensed Consolidated Statements of Operations and the line items in which these<br /> amounts are reported.&nbsp;&nbsp;</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="5" nowrap="nowrap"> <p>&nbsp;Three months ended&nbsp;</p> </td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>&nbsp;Six months ended&nbsp;</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>March 31,&nbsp;</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td colspan="4"> <p><b>Stock-based compensation</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Cost of revenue - product</p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 93</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 27</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 39</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; 120</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 66</p> </td> </tr> <tr> <td colspan="4"> <p>Cost of revenue - service</p> </td> <td> <p>469</p> </td> <td>&nbsp;</td> <td> <p>235</p> </td> <td>&nbsp;</td> <td> <p>159</p> </td> <td>&nbsp;</td> <td> <p>704</p> </td> <td>&nbsp;</td> <td> <p>289</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Cost of revenue</p> </td> <td> <p>562</p> </td> <td>&nbsp;</td> <td> <p>262</p> </td> <td>&nbsp;</td> <td> <p>198</p> </td> <td>&nbsp;</td> <td> <p>824</p> </td> <td>&nbsp;</td> <td> <p>355</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="4"> <p>Research and development</p> </td> <td> <p>1,160</p> </td> <td>&nbsp;</td> <td> <p>627</p> </td> <td>&nbsp;</td> <td> <p>738</p> </td> <td>&nbsp;</td> <td> <p>1,787</p> </td> <td>&nbsp;</td> <td> <p>1,296</p> </td> </tr> <tr> <td colspan="4"> <p>Sales and marketing</p> </td> <td> <p>1,752</p> </td> <td>&nbsp;</td> <td> <p>1,874</p> </td> <td>&nbsp;</td> <td> <p>1,011</p> </td> <td>&nbsp;</td> <td> <p>3,626</p> </td> <td>&nbsp;</td> <td> <p>1,763</p> </td> </tr> <tr> <td colspan="4"> <p>General and administrative</p> </td> <td> <p>1,316</p> </td> <td>&nbsp;</td> <td> <p>2,297</p> </td> <td>&nbsp;</td> <td> <p>1,275</p> </td> <td>&nbsp;</td> <td> <p>3,613</p> </td> <td>&nbsp;</td> <td> <p>2,784</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="3"> <p>Operating expense</p> </td> <td> <p>4,228</p> </td> <td>&nbsp;</td> <td> <p>4,798</p> </td> <td>&nbsp;</td> <td> <p>3,024</p> </td> <td>&nbsp;</td> <td> <p>9,026</p> </td> <td>&nbsp;</td> <td> <p>5,843</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2"> <p>Total stock-based compensation</p> </td> <td nowrap="nowrap"> <p>$ &nbsp;4,790</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;5,060</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;3,222</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;9,850</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;6,198</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="6"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="6"> <p>Reconciliation of Non-GAAP and GAAP Financial Measures</p> </td> </tr> <tr> <td colspan="6"> <p>(in thousands, except per share amounts)</p> </td> </tr> <tr> <td colspan="6"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="5" nowrap="nowrap"> <p>Three months ended</p> </td> </tr> <tr> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>March 31,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> </tr> <tr> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Total gross margin</b></p> </td> <td> <p>60.8%</p> </td> <td>&nbsp;</td> <td> <p>57.3%</p> </td> <td>&nbsp;</td> <td> <p>58.6%</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>0.3%</p> </td> <td>&nbsp;</td> <td> <p>0.2%</p> </td> <td>&nbsp;</td> <td> <p>0.1%</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Total gross margin</b></p> </td> <td> <p>61.1%</p> </td> <td>&nbsp;</td> <td> <p>57.5%</p> </td> <td>&nbsp;</td> <td> <p>58.7%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Net income (loss)</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp;23,241</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(44,687)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; (8,251)</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>4,790</p> </td> <td>&nbsp;</td> <td> <p>5,060</p> </td> <td>&nbsp;</td> <td> <p>3,222</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>17,181</p> </td> <td>&nbsp;</td> <td> <p>15,823</p> </td> <td>&nbsp;</td> <td> <p>14,669</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(937)</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>1,052</p> </td> <td>&nbsp;</td> <td> <p>1,197</p> </td> <td>&nbsp;</td> <td> <p>857</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>2,830</p> </td> <td>&nbsp;</td> <td> <p>5,950</p> </td> <td>&nbsp;</td> <td> <p>5,361</p> </td> </tr> <tr> <td> <p>Gain on sale of business</p> </td> <td> <p>(2,772)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Interest income on debentures</p> </td> <td> <p>(1,196)</p> </td> <td>&nbsp;</td> <td> <p>(1,459)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Decrease (increase) in fair value of investments</p> </td> <td> <p>(12,074)</p> </td> <td>&nbsp;</td> <td> <p>23,900</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Tax effect of non-GAAP adjustments</p> </td> <td> <p>(6,205)</p> </td> <td>&nbsp;</td> <td> <p>(880)</p> </td> <td>&nbsp;</td> <td> <p>(3,518)</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Net income</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp;26,847</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;4,904</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;11,403</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>Earnings (loss) per share</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Diluted earnings (loss) per share</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.15</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;(0.31)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; (0.06)</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>0.03</p> </td> <td>&nbsp;</td> <td> <p>0.03</p> </td> <td>&nbsp;</td> <td> <p>0.02</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>0.11</p> </td> <td>&nbsp;</td> <td> <p>0.11</p> </td> <td>&nbsp;</td> <td> <p>0.10</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(0.01)</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.01</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>0.02</p> </td> <td>&nbsp;</td> <td> <p>0.05</p> </td> <td>&nbsp;</td> <td> <p>0.04</p> </td> </tr> <tr> <td> <p>Gain on sale of business</p> </td> <td> <p>(0.02)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Interest income on debentures</p> </td> <td> <p>(0.01)</p> </td> <td>&nbsp;</td> <td> <p>(0.01)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>(Increase) decrease in fair value of investments</p> </td> <td> <p>(0.08)</p> </td> <td>&nbsp;</td> <td> <p>0.16</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Tax effect of non-GAAP adjustments</p> </td> <td> <p>(0.04)</p> </td> <td>&nbsp;</td> <td> <p>(0.01)</p> </td> <td>&nbsp;</td> <td> <p>(0.02)</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Diluted earnings per share</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.17</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;0.03</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.08</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>Weighted average shares used to compute diluted earnings (loss) per share</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>&nbsp; Shares used to compute&nbsp;<b>GAAP</b>diluted earnings (loss) per share</b></p> </td> <td> <p>154,160</p> </td> <td>&nbsp;</td> <td> <p>145,936</p> </td> <td>&nbsp;</td> <td> <p>144,483</p> </td> </tr> <tr> <td> <p><b>&nbsp; Shares used to compute&nbsp;<b>Non-GAAP</b>diluted earnings per share</b></p> </td> <td> <p>154,160</p> </td> <td>&nbsp;</td> <td> <p>155,032</p> </td> <td>&nbsp;</td> <td> <p>150,512</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>Adjusted EBITDA</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Income (loss) from operations</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp;12,952</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(12,604)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;1,592</p> </td> </tr> <tr> <td> <p>Depreciation</p> </td> <td> <p>4,249</p> </td> <td>&nbsp;</td> <td> <p>4,226</p> </td> <td>&nbsp;</td> <td> <p>4,786</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>17,181</p> </td> <td>&nbsp;</td> <td> <p>15,823</p> </td> <td>&nbsp;</td> <td> <p>14,669</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>4,790</p> </td> <td>&nbsp;</td> <td> <p>5,060</p> </td> <td>&nbsp;</td> <td> <p>3,222</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>(937)</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>1,052</p> </td> <td>&nbsp;</td> <td> <p>1,197</p> </td> <td>&nbsp;</td> <td> <p>857</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>2,830</p> </td> <td>&nbsp;</td> <td> <p>5,950</p> </td> <td>&nbsp;</td> <td> <p>5,361</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Adjusted EBITDA</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp;43,054</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;19,652</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;29,550</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="4"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="4"> <p>Reconciliation of Non-GAAP and GAAP Financial Measures</p> </td> </tr> <tr> <td colspan="4"> <p>(in thousands, except per share amounts)</p> </td> </tr> <tr> <td colspan="4"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>Six months ended</p> </td> </tr> <tr> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>June 30,</p> </td> </tr> <tr> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2021</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>2020</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Total gross margin</b></p> </td> <td> <p>59.2%</p> </td> <td>&nbsp;</td> <td> <p>58.0%</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>0.2%</p> </td> <td>&nbsp;</td> <td> <p>0.1%</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Total gross margin</b></p> </td> <td> <p>59.4%</p> </td> <td>&nbsp;</td> <td> <p>58.1%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Net loss</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp;(21,446)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(41,421)</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>9,850</p> </td> <td>&nbsp;</td> <td> <p>6,198</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>33,004</p> </td> <td>&nbsp;</td> <td> <p>29,003</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>2,101</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>2,249</p> </td> <td>&nbsp;</td> <td> <p>13,241</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>8,780</p> </td> <td>&nbsp;</td> <td> <p>7,436</p> </td> </tr> <tr> <td> <p>Gain on sale of business</p> </td> <td> <p>(2,772)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Interest income on debentures</p> </td> <td> <p>(2,655)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Decrease in fair value of investments</p> </td> <td> <p>11,826</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Tax effect of non-GAAP adjustments</p> </td> <td> <p>(7,085)</p> </td> <td>&nbsp;</td> <td> <p>(3,926)</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Net income</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;31,751</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;12,632</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>(Loss) earnings per share</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Loss per share</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;(0.15)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;(0.31)</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>0.06</p> </td> <td>&nbsp;</td> <td> <p>0.05</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>0.22</p> </td> <td>&nbsp;</td> <td> <p>0.21</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>0.02</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.10</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>0.07</p> </td> <td>&nbsp;</td> <td> <p>0.05</p> </td> </tr> <tr> <td> <p>Gain on sale of business</p> </td> <td> <p>(0.02)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Interest income on debentures</p> </td> <td> <p>(0.02)</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Decrease in fair value of investments</p> </td> <td> <p>0.09</p> </td> <td>&nbsp;</td> <td> <p>-</p> </td> </tr> <tr> <td> <p>Tax effect of non-GAAP adjustments</p> </td> <td> <p>(0.05)</p> </td> <td>&nbsp;</td> <td> <p>(0.03)</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Diluted earnings per share</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;0.21</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;0.09</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>Weighted average shares used to compute (loss) diluted earnings per share</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>&nbsp; Shares used to compute&nbsp;<b>GAAP</b>loss per share</b></p> </td> <td> <p>146,706</p> </td> <td>&nbsp;</td> <td> <p>132,737</p> </td> </tr> <tr> <td> <p><b>&nbsp; Shares used to compute&nbsp;<b>Non-GAAP</b>diluted earnings per share</b></p> </td> <td> <p>154,651</p> </td> <td>&nbsp;</td> <td> <p>136,159</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>Adjusted EBITDA</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p><b>GAAP Income (loss) from operations</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; 348</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp;(27,148)</p> </td> </tr> <tr> <td> <p>Depreciation</p> </td> <td> <p>8,475</p> </td> <td>&nbsp;</td> <td> <p>8,260</p> </td> </tr> <tr> <td> <p>Amortization of acquired intangible assets</p> </td> <td> <p>33,004</p> </td> <td>&nbsp;</td> <td> <p>29,003</p> </td> </tr> <tr> <td> <p>Stock-based compensation</p> </td> <td> <p>9,850</p> </td> <td>&nbsp;</td> <td> <p>6,198</p> </td> </tr> <tr> <td> <p>Litigation costs</p> </td> <td> <p>-</p> </td> <td>&nbsp;</td> <td> <p>2,101</p> </td> </tr> <tr> <td> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>2,249</p> </td> <td>&nbsp;</td> <td> <p>13,241</p> </td> </tr> <tr> <td> <p>Restructuring and related expense</p> </td> <td> <p>8,780</p> </td> <td>&nbsp;</td> <td> <p>7,436</p> </td> </tr> <tr> <td> <p><b>Non-GAAP Adjusted EBITDA</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;62,706</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;39,091</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="10"> <p>RIBBON COMMUNICATIONS INC.</p> </td> </tr> <tr> <td colspan="10"> <p>Reconciliation of Non-GAAP and GAAP Financial Measures - Outlook</p> </td> </tr> <tr> <td colspan="10"> <p>(unaudited)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>&nbsp;Three months ending&nbsp;</p> </td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>&nbsp;Year ending&nbsp;</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>September 31, 2021</p> </td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>December 31, 2021</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>&nbsp;Range&nbsp;</p> </td> <td>&nbsp;</td> <td colspan="3" nowrap="nowrap"> <p>&nbsp;Range&nbsp;</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p><b>Revenue ($ millions)</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 215</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 225</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 900</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; 900</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p><b>Gross margin</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p><b>GAAP outlook</b></p> </td> <td> <p>56.8%</p> </td> <td>&nbsp;</td> <td> <p>57.8%</p> </td> <td>&nbsp;</td> <td> <p>57.8%</p> </td> <td>&nbsp;</td> <td> <p>58.8%</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Stock-based compensation</p> </td> <td> <p>0.2%</p> </td> <td>&nbsp;</td> <td> <p>0.2%</p> </td> <td>&nbsp;</td> <td> <p>0.2%</p> </td> <td>&nbsp;</td> <td> <p>0.2%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p><b>Non-GAAP outlook</b></p> </td> <td> <p>57.0%</p> </td> <td>&nbsp;</td> <td> <p>58.0%</p> </td> <td>&nbsp;</td> <td> <p>58.0%</p> </td> <td>&nbsp;</td> <td> <p>59.0%</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p><b>(Loss) earnings per share&nbsp;</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p><b>GAAP outlook</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; (0.03)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; (0.11)</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; (0.04)</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Stock-based compensation</p> </td> <td> <p>0.04</p> </td> <td>&nbsp;</td> <td> <p>0.04</p> </td> <td>&nbsp;</td> <td> <p>0.14</p> </td> <td>&nbsp;</td> <td> <p>0.14</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Amortization of acquired intangible assets</p> </td> <td> <p>0.11</p> </td> <td>&nbsp;</td> <td> <p>0.11</p> </td> <td>&nbsp;</td> <td> <p>0.43</p> </td> <td>&nbsp;</td> <td> <p>0.43</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.03</p> </td> <td>&nbsp;</td> <td> <p>0.03</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Restructuring and related expense</p> </td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.01</p> </td> <td>&nbsp;</td> <td> <p>0.07</p> </td> <td>&nbsp;</td> <td> <p>0.07</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>(Gain) loss on change in value of debentures*</p> </td> <td> <p>(0.01)</p> </td> <td>&nbsp;</td> <td> <p>(0.01)</p> </td> <td>&nbsp;</td> <td> <p>0.04</p> </td> <td>&nbsp;</td> <td> <p>0.04</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Tax effect of non-GAAP adjustments</p> </td> <td> <p>(0.02)</p> </td> <td>&nbsp;</td> <td> <p>(0.03)</p> </td> <td>&nbsp;</td> <td> <p>(0.11)</p> </td> <td>&nbsp;</td> <td> <p>(0.13)</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p><b>Non-GAAP outlook</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.11</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.13</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.49</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;0.54</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p><b>Weighted average shares used to compute (loss) diluted earnings per share (in thousands)</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Shares used to compute&nbsp;<b>GAAP</b>(loss) diluted earnings per share</p> </td> <td> <p>148,000</p> </td> <td>&nbsp;</td> <td> <p>148,000</p> </td> <td>&nbsp;</td> <td> <p>148,000</p> </td> <td>&nbsp;</td> <td> <p>148,000</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Shares used to compute&nbsp;<b>Non-GAAP</b>diluted earnings per share</p> </td> <td> <p>155,000</p> </td> <td>&nbsp;</td> <td> <p>155,000</p> </td> <td>&nbsp;</td> <td> <p>155,000</p> </td> <td>&nbsp;</td> <td> <p>155,000</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td colspan="3"> <p><b>Adjusted EBITDA ($ millions)</b></p> </td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p><b>GAAP income from operations</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;1.9</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp; &nbsp;5.9</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;24.4</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;34.4</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Depreciation</p> </td> <td> <p>4.2</p> </td> <td>&nbsp;</td> <td> <p>4.2</p> </td> <td>&nbsp;</td> <td> <p>16.9</p> </td> <td>&nbsp;</td> <td> <p>16.9</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Amortization of acquired intangible assets</p> </td> <td> <p>17.3</p> </td> <td>&nbsp;</td> <td> <p>17.3</p> </td> <td>&nbsp;</td> <td> <p>66.6</p> </td> <td>&nbsp;</td> <td> <p>66.6</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Stock-based compensation</p> </td> <td> <p>5.7</p> </td> <td>&nbsp;</td> <td> <p>5.7</p> </td> <td>&nbsp;</td> <td> <p>20.7</p> </td> <td>&nbsp;</td> <td> <p>20.7</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Acquisition-, disposal- and integration-related expense</p> </td> <td> <p>1.9</p> </td> <td>&nbsp;</td> <td> <p>1.9</p> </td> <td>&nbsp;</td> <td> <p>5.3</p> </td> <td>&nbsp;</td> <td> <p>5.3</p> </td> </tr> <tr> <td>&nbsp;</td> <td colspan="2"> <p>Restructuring and related expense</p> </td> <td> <p>1.0</p> </td> <td>&nbsp;</td> <td> <p>1.0</p> </td> <td>&nbsp;</td> <td> <p>11.1</p> </td> <td>&nbsp;</td> <td> <p>11.1</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td> <p><b>Non-GAAP outlook</b></p> </td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;32.0</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp; &nbsp;36.0</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;145.0</p> </td> <td>&nbsp;</td> <td nowrap="nowrap"> <p>$ &nbsp; &nbsp;155.0</p> </td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <p>*</p> </td> <td>&nbsp;</td> <td colspan="8"> <p>Excludes any estimated future (income) loss related to the revaluation of the debentures and warrants received as consideration from the sale of the Kandy Communications Business.</p> </td> </tr> </tbody> </table> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Wed, 28 Jul 2021 19:28:33 +0000 pleininger 22700 at https://ribboncommunications.com Ribbon’s Optical and Software Defined Network Solutions Selected by Rogers Communications to Help Enhance Network Performance https://ribboncommunications.com/company/media-center/press-releases/ribbons-optical-and-software-defined-network-solutions-selected-rogers-communications-help-enhance <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon’s Optical and Software Defined Network Solutions Selected by Rogers Communications to Help Enhance Network Performance</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Ribbon’s Apollo with 400g Zr+ and Muse Platforms Enable Canada’s Largest Cable, Internet and Mobile Provider to Continue Its Rapid Network Expansion Across Canada While Helping Future-proof and Improve Network Performance</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">July 26, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX </strong>–<a href="http://www.ribboncomm.com/"> </a><a href="http://www.ribboncomm.com/"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real-time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that <a href="https://www.rogers.com/" target="_blank"><strong>Rogers Communications</strong></a>, a leading technology and media company, has selected Ribbon’s industry-leading optical networking solution to upgrade its transport network. Rogers is one of the first tier-one North American service providers to leverage DWDM 400G ZR+ technology, which supports multiple 400 Gigabits-per-second (400G) connections for increased capacity across its national footprint.</p> <p>“The deployment of this technology for world-class telecommunications networks is an important step forward for the industry,” said Ian Redpath, Practice Leader, Transport and Components, Omdia. “When compared to existing embedded solutions, 400G ZR+ is an innovative technology that offers numerous benefits, including lowering the cost per bit, reducing power consumption, and simplifying network sparing.”</p> <p>“Rogers is demonstrating their foresight, leadership and innovation by being one of the first major service providers in North America to introduce 400G ZR+ technology, which will allow them to modernize their transport network,” said Sam Bucci, Executive Vice President and General Manager of Ribbon’s IP Optical Networks Business Unit. “We are delighted that Rogers saw the differentiation in our solutions and entrusted Ribbon with this strategic rollout. Our Optical Transport solution enables Rogers to help future-proof their network and extend their leadership in 5G services deployment across Canada.”</p> <p>“We are thrilled to expand our already strong partnership with Rogers,” said Dave Shier, Ribbon’s Vice President of Sales for Canada. “We look forward to leveraging our strong presence in Canada to support the deployment of Rogers’ innovative Optical Transport network.”&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>“At Rogers, we remain focused on enhancing and expanding our networks to bring our customers the most reliable wireless experience in the country,” said Kye Prigg, Senior Vice President, Access Networks and Operations. “Our agreement with Ribbon will help us continue to maximize the efficiency and performance of our network, utilizing the latest in software-defined network technology to help bolster Canada’s most reliable wireless network.”</p> <p>The deployment is powered by Ribbon’s Apollo optical networking and MUSE SDN platforms. The MUSE Software Defined Networking (SDN) Domain Orchestrator enables Rogers to design and analyze their optical network deployment, rapidly automate the creation of new services, and ensure the network is optimized, available, and running at peak efficiency. The solution is designed to provide unparalleled levels of performance and agility for both metro and long-haul networks.</p> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements</strong></p> <p>The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including the anticipated benefits of Ribbon's products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Mon, 26 Jul 2021 11:48:04 +0000 kalfonzo 22696 at https://ribboncommunications.com Intrado Selects Ribbon Call Trust™ to Protect Customers from Robocalls and Adhere to STIR/SHAKEN Standards https://ribboncommunications.com/company/media-center/press-releases/intrado-selects-ribbon-call-trusttm-protect-customers-robocalls-and-adhere-stirshaken-standards <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Intrado Selects Ribbon Call Trust™ to Protect Customers from Robocalls and Adhere to STIR/SHAKEN Standards</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Intrado Selects Ribbon Call Trust™ to Protect Customers from Robocalls and Adhere to STIR/SHAKEN Standards</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">June 8, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX </strong>–<a href="http://www.ribboncomm.com/"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that <a href="https://www.intrado.com/en" target="_blank"><strong>Intrado</strong></a>, a global leader in technology-enabled services, has chosen <a href="https://ribboncommunications.com/solutions/service-provider-solutions/cloud-and-edge/identity-assurance"><strong>Ribbon Call Trust™</strong></a> for STIR/SHAKEN compliance. Ribbon Call Trust is a comprehensive solution designed to validate a caller’s identity, intent, and reputation to mitigate fraud, nuisance and robocalls.</p> <p>The solutions deployed by Intrado include Ribbon’s industry-leading <a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/session-border-controllers-service-providers"><strong>Session Border Controllers (SBC)</strong></a>,&nbsp;<a href="https://ribboncommunications.com/products/service-provider-products/cloud-and-edge/media-gateways/gsx-9000"><strong>Media Gateway (GSX)</strong></a> and <a href="https://ribboncommunications.com/products/service-provider-products/policy-routing"><strong>Policy and Routing Server (PSX)</strong></a>. Ribbon Call Trust provides Intrado with the network functions required to participate in STIR/SHAKEN and protect its enterprise customers against unwanted nuisance and robocalls. <a href="https://ribboncommunications.com/solutions/service-provider-solutions/stirshaken"><strong>STIR/SHAKEN</strong></a> is an industry standard that stands for (Secure Telephony Identity Revisited)&nbsp;<b>STIR</b>&nbsp;/ (Signature-based Handling of Asserted information using toKENs)<strong>SHAKEN</strong>.</p> <p>The goal of STIR/SHAKEN is to restore the end user’s confidence and trust in receiving phone calls by enabling service providers to authenticate, sign and verify caller identity to protect their customers from malicious attacks, nuisance and robocalls. The Federal Communications Commission (FCC) has mandated that US service providers, unless granted an exception, implement the STIR/SHAKEN standard by June 30, 2021.</p> <p>“Fraudsters and bad actors are becoming increasingly adept at conducting sophisticated, wide-scale attacks on enterprise communications systems – so we needed a solution that would provide our customers advanced security and protection against various IP-based telephony attacks and annoying nuisance and robocalls,” said Juan Rosero, Vice President of Technology for Intrado. “Ribbon’s Call Trust solution delivers carrier-grade technology that enables us to have our calls signed and verified to ensure they are from legitimate sources. In addition to protecting our customers, we are also complying with the FCC’s mandate to implement the STIR/SHAKEN standard.”</p> <p>“Our longstanding partnership with Intrado allows us to keep delivering solutions that enable their customers to have a superior enterprise communications and collaboration experience by leveraging some of the most advanced identity assurance solutions on the market,” said Tony Scarfo, EVP &amp; General Manager, Cloud &amp; Edge Business Unit for Ribbon. “Our Call Trust portfolio is designed to examine calls in real-time, on a per-call basis to ensure that calls are legitimate.”</p> <p><strong>Key Takeaways</strong>:</p> <ul> <li>Intrado has selected Ribbon Call Trust to deliver its enterprise customers advanced protection against fraud, nuisance and robocalls.&nbsp;</li> <li>Intrado has implemented STIR/SHAKEN features on Ribbon’s market-leading Session Border Controller, Media Gateway and Policy and Routing Server.</li> <li>Ribbon Call Trust also enables Intrado to comply with the FCC’s mandate that US service providers, unless they have an exemption, implement STIR/SHAKEN standard by June 30, 2021.</li> <li>The Ribbon Call Trust portfolio is designed to examine calls in real-time, on a per-call basis to ensure that calls are not fraudulent, spoofed or sourced from robocallers.</li> </ul> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements&nbsp; </strong><br /> The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Tue, 08 Jun 2021 14:26:50 +0000 kalfonzo 22557 at https://ribboncommunications.com Tombigbee Electric Cooperative Leverages Ribbon and KGPCo IP Optical Solutions to Bring Broadband Access to Rural Customers https://ribboncommunications.com/company/media-center/press-releases/tombigbee-electric-cooperative-leverages-ribbon-and-kgpco-ip-optical-solutions-bring-broadband <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Tombigbee Electric Cooperative Leverages Ribbon and KGPCo IP Optical Solutions to Bring Broadband Access to Rural Customers </h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Member-owned utility provider uses RDOF and CARES Act grants to upgrade its network and help bridge the digital divide by offering high speed internet access to all customers </div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">June 2, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX </strong>– <a href="http://www.rbbn.com"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that <a href="https://tombigbee.org/" target="_blank"><strong>Tombigbee Electric Cooperative</strong></a>, a provider of ultra-high speed internet and HD phone services to its member customers across Northwest Alabama, has selected Ribbon and <a href="https://www.kgpco.com/index.html" target="_blank"><strong>KGPCo</strong></a>, the leading network solutions and services supplier to service providers, to upgrade its fiber network and help bring high speed access to its rural customers. Tombigbee is leveraging Ribbon’s <a href="https://ribboncommunications.com/products/service-provider-products/ip-and-optical-networks/apollo-optical-systems"><strong>Apollo</strong></a> IP Optical network solution and KGPCo’s hut locations, fiber, routers and Gigabit Passive Optical Network (GPON) access systems to deliver broadband access to member customers in its most rural service areas.</p> <p>“We were fortunate enough to be recipients of grants from the federal government’s Rural Digital Opportunity Fund (RDOF) and CARES Act and we want use these funds to deliver high speed broadband access to any of our member customers who want it,” said Steve Foshee, CEO of Tombigbee Electric Cooperative. ”Many of our members live in previously underserved areas and don’t have access to high-speed internet, so our goal is to make Northwest Alabama a Gigabit Ethernet Zone. Leveraging Ribbon’s advanced IP Optical platform and KGPCo’s industry-leading fiber, routing and access capabilities we are able to deliver ultra-high speed internet access and broadband to all of our customers, regardless of where they live.”</p> <p>“Funding from the RDOF and CARES Act will go a long way in helping forward-thinking service providers like Tombigbee extend broadband service to those who have previously not had access,” said Steven Bruny, EVP Sales, Americas Region for Ribbon. “We are honored Tombigbee selected our IP Optical solutions to help upgrade their network. We are also extremely pleased to continue our strong partnership with KGPCo and offer Tombigbee an end-to-end turnkey solution.”</p> <p>Bruny added, “The Apollo’s small form factor with integrated amplifiers and enhanced fiber health management capabilities, which provide early warnings of fiber issues, and pinpoints problems to within a few meters from a centralized network operations center, make it an ideal solution for rural service providers looking to expand their network reach.”</p> <p>“We are proud to work with our partner Ribbon to deliver such a special project and be a key part in helping provide all Tombigbee customers the ability to have high speed broadband,” said Desi O’Grady SVP, Service Provider Sales for KGPCo. “Working with Ribbon, we delivered a comprehensive solution that enables Tombigbee to significantly extend the reach of their existing network.”</p> <p>Using its existing public right of ways and ringed fiber network, Tombigbee leveraged Ribbon and KGPCo solutions to provide extended reach and an efficient, redundant means of carrying rural traffic back to main sites for fast routing to the internet. Now all Tombigbee customers who may have been limited to DSL speeds have access to 1 Gigabit home internet speeds. Ribbon’s Apollo IP optical transport and switching platform allows Tombigbee to optimize network traffic, enhance layer 1 security and lower the cost per bit.</p> <p><strong>Key Takeaways:</strong></p> <ul> <li>Tombigbee Electric Cooperative has selected Ribbon and KGPCo to help upgrade its communications network and achieve its goal of bringing high speed internet access to all member customers who want it.</li> <li>Tombigbee is leveraging grants it received from the U.S. government’s Rural Digital Opportunity Fund (RDOF) and CARES Act to help fund the project.</li> <li>Ribbon’s Apollo IP Optical Transport platform allows for traffic optimization and KGPCo’s hut locations, routing, fiber and access systems enables Tombigbee to extend its high speed network reach to rural and previously underserved areas.</li> <li>Tombigbee is using its existing public Right of Way and leveraging Ribbon and KGPCo solutions to deliver the unique project.</li> <li>Independent Operating Companies (IOCs) and rural service providers are increasingly leveraging RDOF and CARES Act grants to help bridge the digital divide.</li> </ul> <p><strong>About Tombigbee Electric Cooperative</strong><br /> Tombigbee Electric Cooperative, provides world-class, ultra-high-speed fiber optic internet and HD phone services through its freedom FIBER services across Northwest Alabama. For more information visit <a href="https://tombigbee.org/" target="_blank">tombigbee.org</a>.</p> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP<b> </b>and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G<b>.</b> To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>About KGPCo</strong><br /> From ground to cloud, KGPCo is the premier network solutions and services partner to the communications service provider industry. KGPCo is the only company in the industry that offers a complete portfolio of solutions for network management, engineering, implementation and integration, cloud, and supply chain. To learn more visit <a href="https://www.kgpco.com/index.html">KGPCo.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements</strong><br /> The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Tue, 01 Jun 2021 19:57:18 +0000 kalfonzo 22537 at https://ribboncommunications.com Ribbon’s Innovative 400G ZR+ Solution Changes Optical Transport Economics https://ribboncommunications.com/company/media-center/press-releases/ribbons-innovative-400g-zr-solution-changes-optical-transport-economics <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon’s Innovative 400G ZR+ Solution Changes Optical Transport Economics</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Market-leading offer optimized for metro and long-haul applications</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">June 1, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX</strong>– <a href="http://www.rbbn.com"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real time communications software and IP optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced its new TM400_2 line card. Part of the <a href="https://ribboncommunications.com/products/service-provider-products/ip-and-optical-networks/apollo-optical-systems" target="_blank">Apollo</a> optical networking portfolio, the TM400_2 leverages 400G ZR+, a disruptive technology that incorporates pluggables to deliver improved economics and flexibility.</p> <p>“Operators now have the option to build their optical transport systems with multiple 400G lanes, increasing cost efficiencies and network flexibility over embedded optical solutions,” said Jimmy Yu, Vice President, Dell’Oro Group. “This innovation is well-timed to prepare for the rise of 400GbE transport as the next dominant load being carried over optical networks.”</p> <p>The TM400_2 delivers 400G optical transmission using standard and interoperable CFP2 DCO (Digital Coherent Optic) pluggables, optimized for transport over CDC (Colorless Directionless Contentionless) ROADM (Reconfigurable Optical Add-Drop Multiplexer) networks, in either independent wavelength or dual carrier modes. Leveraging multiple wavelengths allows for longer transmission distances than what embedded 800G solutions, often reliant on costly proprietary technology, can achieve with a single wavelength.</p> <ul> <li>In independent wavelength mode, the TM400_2 uses two 400G wavelengths to provide significant cost efficiencies compared to a single 800G embedded solution for metro applications.</li> <li>In dual carrier mode, the TM400_2 combines two high-performance 200G wavelengths to provide a 400G channel for long haul applications, delivering superior cost performance to current embedded solutions.</li> </ul> <p>“With traffic loads increasing, our customers are looking for a revolutionary &nbsp;transport solution that meets today’s and tomorrow’s needs,” said Sam Bucci, Executive Vice President &amp; General Manager of Ribbon’s IP Optical Networks Business Unit. “We’re proud to be the first to market with this flexible, cost-effective solution.”</p> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements</strong></p> <p>The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Tue, 01 Jun 2021 12:32:37 +0000 kalfonzo 22536 at https://ribboncommunications.com Ribbon Session Border Controller Achieves JITC Certification for Secure Microsoft Teams Deployments in US Department of Defense https://ribboncommunications.com/company/media-center/press-releases/ribbon-session-border-controller-achieves-jitc-certification-secure-microsoft-teams-deployments-us <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon Session Border Controller Achieves JITC Certification for Secure Microsoft Teams Deployments in US Department of Defense</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Ribbon’s solution is the only Session Border Controller to achieve JITC certification with Microsoft Teams; enables Teams to be deployed in the DoD with secure calling</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">May 18, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX</strong>– <a href="http://www.rbbn.com"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real time communications software and IP optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that its <a href="https://ribboncommunications.com/products/enterprise-products/cloud-and-edge/session-border-controllers/sbc-5400-session-border-controller"><strong>Session Border Controller 5400</strong></a> has been certified by the U.S. Department of Defense (DoD) as part of secure <a href="https://www.microsoft.com/en-us/microsoft-teams/group-chat-software" target="_blank"><strong>Microsoft Teams</strong></a> deployments across all DoD agencies and within its communications network.</p> <p>The U.S. DoD Defense Information Systems Agency (DISA) Joint Interoperability Test Command (JITC) certification is the culmination of a rigorous process that tests solutions for quality, security, interoperability and reliability. Once solutions have achieved JITC certification, they are placed on the DISA&nbsp;<a href="https://www.disa.mil/network-services/ucco" target="_blank"><strong>Approved Products List</strong></a> (APL). Ribbon’s SBC is exclusively included in the System Under Test (SUT) for Microsoft Teams’ JITC certification.</p> <p>“We are delighted to continue our longstanding relationship with Microsoft and are very proud to be the Session Border Controller solution that enables Microsoft Teams to deliver secure voice calling within the Teams platform across the DoD and its agencies,” said Steven Bruny, Executive Vice President of Sales for the Americas Region, Ribbon. “DoD employees can now leverage all of the rich collaboration features the Teams platform offers including secure in-app voice calling powered by our market-proven Session Border Controller.”</p> <p>“Achieving JITC certification for Microsoft Teams is a significant milestone that enables the DoD and its agencies to adopt modern secure communications and collaboration capabilities, enabling a more productive communications experience for its employees,” said Jason Payne, Chief Technology Officer, Microsoft Federal. “Collaborating with Ribbon for its SBCs is another example of how we work closely with our ecosystem partners to extend the reach of Teams to the world’s most security-conscious environments.”</p> <p>The Ribbon SBC 5400 is certified for Microsoft Teams and offers a number of features including advanced network security, intelligent session control, robust media services and SIP normalization. The highly scalable solution can easily expand to 75,000 concurrent sessions via a simple software licensing model.</p> <p>Ribbon’s SBC 5000 Series is JITC certified as a standalone SBC and was previously approved as part of a <a href="https://ribboncommunications.com/company/media-center/press-releases/ribbon-session-border-controller-5000-series-approved-part-microsoft-skype-business-jitc-certified"><strong>Microsoft Skype for Business JITC certified solution</strong></a>. This latest JITC certification adds to the extensive list of Ribbon solutions already available on the APL including the <a href="https://ribboncommunications.com/products/service-provider-products/session-border-controllers/sbc-software-edition-sbc-swe"><strong>SBC Software Edition (SWe)</strong></a>, <a href="https://ribboncommunications.com/products/enterprise-products/cloud-and-edge/session-border-controllers/sbc-7000-session-border-controller"><strong>SBC 7000</strong></a>, <a href="https://ribboncommunications.com/products/service-provider-products/media-gateways/g5-line-access-gateway"><strong>G5 Media Gateway</strong></a> and the <a href="https://ribboncommunications.com/solutions/enterprise-solutions/nortel-pbx-evolution/enterprise-and-local-session-controller-jitc-certified"><strong>Ribbon Application Server (as both an Enterprise and Local Session Controller)</strong></a>. In addition, Ribbon is part of one of the largest Voice over IP implementations in the agency’s history. The DoD leveraged Ribbon’s carrier-class <a href="https://ribboncommunications.com/company/media-center/press-releases/us-department-defense-leverages-ribbon-communications-application-server-complete-50000-plus-seat-uc"><strong>Application Server for a 50,000-plus seat deployment</strong></a>.</p> <p><strong>Key Takeaways:</strong></p> <ul> <li>Ribbon’s market-leading SBC 5400 has been certified by the U.S. DoD for secure Microsoft Teams deployment within its communications network and across all of its agencies.</li> <li>The Ribbon SBC 5400 is the only SBC that has achieved JITC certification with Microsoft Teams and enables secure voice calling within the Microsoft Teams platform.</li> <li>The Ribbon SBC 5400 offers industry-leading scalability, performance and security.</li> <li>The Ribbon SBC 5400 is also certified for Microsoft Teams and the latest in a long list of Ribbon products that have been placed on the DoD’s Approved Products List.</li> </ul> <p><strong>About Ribbon</strong><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <p><strong>Important Information Regarding Forward-Looking Statements</strong><br /> The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from the use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Mon, 17 May 2021 16:33:25 +0000 kalfonzo 22475 at https://ribboncommunications.com Ribbon Communications Inc. Reports First Quarter 2021 Financial Results https://ribboncommunications.com/company/media-center/press-releases/ribbon-communications-inc-reports-first-quarter-2021-financial-results <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Ribbon Communications Inc. Reports First Quarter 2021 Financial Results</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Revenue was $193 million for the first quarter of 2021, growing 22% from the first quarter of 2020</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">April 28, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><section class="release-body container "> <br></br><p>PLANO, Texas -- <b><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3145203-1&amp;h=1450085636&amp;u=http%3A%2F%2Fwww.ribboncomm.com%2F&amp;a=Ribbon+Communications+Inc." target="_blank">Ribbon Communications Inc.</a></b> (Nasdaq: RBBN), a global provider of real-time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced its financial results for the first quarter of 2021.</p> <p>Revenue for the first quarter of 2021 was $193 million, compared to $158 million for the first quarter of 2020, an increase of 22%. This includes a $37 million year over year revenue increase related to acquisition of ECI Telecom Group Ltd. ("ECI"), which closed on March 3, 2020.</p> <p>"We are off to a good start in 2021 with first quarter results in line with our expectations, and we are particularly pleased with our Adjusted EBITDA exceeding our guidance range and earnings per share at the high end of the range," noted Bruce McClelland, President and Chief Executive Officer of Ribbon Communications. "We look forward to building on this success as we continue to realize the benefits of our broader portfolio and robust customer relationships."</p> <p><b>Financial Highlights<sup>1, 2, 3</sup></b><br /> The following table summarizes the consolidated financial highlights for the three months ended March 31, 2021 and 2020 (in millions, except per share amounts).</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prntblns"> <tbody> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Three months ended</b></span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen6" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen7" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td> <td class="prngen7" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">GAAP Revenue</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 193</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 158</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">GAAP Net Loss </span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">($ 45)</span></p> </td> <td class="prngen8" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">($ 33)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Non-GAAP Net income</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 5</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">GAAP Loss per share </span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">($0.31)</span></p> </td> <td class="prngen8" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">($0.27)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Weighted average shares outstanding for<br /> GAAP loss per share</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">146</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">121</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Non-GAAP diluted earnings per share</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$0.03</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$0.01</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Diluted weighted average shares outstanding for Non-GAAP<br /> diluted earnings per share</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">122</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Non-GAAP Adjusted EBITDA</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 20</span></p> </td> <td class="prngen4" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 10</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" colspan="2" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen9" nowrap="nowrap">&nbsp;</td> <td class="prngen9" nowrap="nowrap">&nbsp;</td> <td class="prngen9" nowrap="nowrap">&nbsp;</td> <td class="prngen9" nowrap="nowrap">&nbsp;</td> </tr> </tbody> </table> </div> </div> </div> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prntblns"> <tbody> <tr> <td class="prngen5"> <p class="prnews_p"><span class="prnews_span">Cash was $109 million at March 31, 2021, compared with $136 million at December 31, 2020 and $110 million at March 31, 2020. The $45 million GAAP Net loss in the first quarter of 2021 includes a $24 million non-cash loss associated with the quarterly mark-to-market of the Company's investment in American Virtual Cloud Technologies, Inc. ("AVCT") from the sale of the Company's Kandy Communications business.<br /> _____________________</span><span class="prnews_span"></span><br /> <span class="prnews_span"><sup>1</sup>Results for the three months ended March 31, 2020 include the results of ECI for the period from March 3, 2020 to March 31, 2020. </span><br /> <span class="prnews_span"><sup>2</sup> GAAP Net loss and GAAP Loss per share for the three months ended March 31, 2021 include $1.5 million of paid-in-kind interest income earned on the convertible debt and $23.9 million of expense associated with the remeasurement of the convertible debt and warrants associated with the consideration received from the sale of the Company's Kandy Communications business to AVCT. The interest income is included in Interest expense, net, and the remeasurement expense is included in Other (expense) income, net. The income was calculated using valuation methods in accordance with accounting guidance. Fluctuations in AVCT's stock price will impact the future amounts that are recorded in Other (expense) income, net, and could materially impact the Company's quarterly results.</span><br /> <span class="prnews_span"><sup>3 </sup>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.</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p>"Our profitability this quarter was ahead of expectations," said Mick Lopez, Chief Financial Officer of Ribbon Communications. "Our strong focus and execution, along with the structural improvements we made to the business in 2020, resulted in a significant improvement in financial performance year over year."</p> <h2><b>Customer and Company Highlights</b></h2> <ul type="disc"> <li>Strong performance in Cloud &amp; Edge segment with Non-GAAP Adjusted EBITDA up 191% year over year to $28 million <ul type="circle"> <li>Core SBC grew 12% year over year</li> <li>Support for newly introduced Microsoft Operator Connect</li> <li>Continued strong demand for VoIP Network Transformation products; expansion orders from three Tier 1 carriers totaling more than $40 million</li> </ul> </li> <li>Organic IP Optical year over year revenue growth of 22% <ul type="circle"> <li>Significant RFP and proof of concept activity across all regions including several large mobile carrier opportunities</li> <li>13 new customer wins in multiple market verticals including four US regional telcos</li> <li>Introduced two new IP transport access products that address the needs of the 5G cell site router and critical infrastructure markets</li> <li>Strong interest and evaluation of new 400G ZR+ solution with commercial availability planned for early in the third quarter</li> </ul> </li> </ul> <p><b>Business Outlook<sup>1</sup></b><br /> The Company's outlook is based on current indications for its business, which are subject to change. For the second quarter of 2021, the Company projects revenue of $215 million to $225 million, non-GAAP gross margin of 56% to 57%, non-GAAP diluted earnings per share of $0.09 to $0.11, and Adjusted EBITDA of $30 million to $34 million. For the full year 2021, guidance remains unchanged at revenue of $925 million to $945 million, non-GAAP gross margin of 55% to 56%, non-GAAP diluted earnings per share of $0.49 to $0.54, and Adjusted EBITDA of $145 million to $155 million. The current outlook assumes no worsening of conditions related to the COVID-19 pandemic.</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0" id="convertedTablebc9c"> <tbody> <tr> <td class="prnsbtb0 prnrbrb0 prnvab prnsbtb0 prnpl6 prnsblb0 prnpr6"> <p class="prnews_p"><span class="prnews_span"><sup>1</sup> 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.</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <h2><b>Upcoming Investor Conference Schedule</b></h2> <ul type="disc"> <li>May 11-12, 2021 – <b>Oppenheimer Emerging Growth Conference</b> (virtual one-on-one institutional investor meetings).</li> <li>May 24-26, 2021 – <b>JP Morgan Global Technology, Media and Communications</b> <b>Conference</b> (virtual presentation and one-on-one institutional investor meetings).</li> <li>June 1-3, 2021 – <b>Cowen Annual Technology, Media &amp; Telecom Conference</b> (virtual presentation and one-on-one institutional investor meetings).</li> <li>August 10-11, 2021 – <b>Oppenheimer Technology, Internet &amp; Communications Conference</b> (virtual presentation and one-on-one institutional investor meetings).</li> <li>August 31-September 1, 2021 – <b>Jefferies Semis, IT Hardware, and Communications Infrastructure Summit</b> (TBD virtual or in-person one-on-one institutional investor meetings).</li> </ul> <p><b>Conference Call Details</b><br /> Conference call to discuss the Company's financial results for the first quarter ended March 31, 2021 on April 28, 2021, via the investor section of its website at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3145203-1&amp;h=3008104811&amp;u=http%3A%2F%2Finvestors.ribboncommunications.com%2F&amp;a=http%3A%2F%2Finvestors.ribboncommunications.com" target="_blank">http://investors.ribboncommunications.com</a>, where a replay will also be available shortly following the conference call.</p> <p><b>Conference Call Details:</b><br /> Date: April 28, 2021<br /> Time: 4:30 p.m. (ET)<br /> Dial-in number (Domestic): 877-407-2991<br /> Dial-in number (Intl): 201-389-0925<br /> Instant Telephone Access: <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3145203-1&amp;h=403110426&amp;u=https%3A%2F%2Fhd.choruscall.com%2FInComm%2F%3Fcallme%3Dtrue%26passcode%3D13715444%26h%3Dtrue%26info%3Dcompany-title%26r%3Dtrue%26B%3D6&amp;a=Call+me%E2%84%A2" target="_blank">Call me™</a></p> <p><b>Replay information:</b><br /> A telephone playback of the call will be available following the conference call until May 12, 2021 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. The reservation number for the replay is 13717236.</p> <p><b>Investor Relations</b><br /> Tom Berry<br /> +1 (978) 614-8050<br /> <a href="mailto:tom.berry@rbbn.com" target="_blank">tom.berry@rbbn.com</a></p> <p><b>North American Press</b><br /> Dennis Watson<br /> +1 (214) 695-2224<br /> <a href="mailto:dwatson@rbbn.com" target="_blank">dwatson@rbbn.com</a></p> <p><b>APAC, CALA &amp; EMEA Press</b><br /> Catherine Berthier<br /> +1 (646) 741-1974<br /> <a href="mailto:cberthier@rbbn.com" target="_blank">cberthier@rbbn.com</a></p> <p><b>Analyst Relations</b><br /> Michael Cooper<br /> +1 (708) 212-6922<br /> <a href="mailto:mcooper@rbbn.com" target="_blank">mcooper@rbbn.com</a></p> <p><b>About Ribbon</b><br /> Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3145203-1&amp;h=2095101563&amp;u=http%3A%2F%2Fwww.rbbn.com%2F&amp;a=rbbn.com" target="_blank">rbbn.com</a>.</p> <p><b>Important Information Regarding Forward-Looking Statements </b><br /> The information in this release contains "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which are subject to several risks and uncertainties. All statements other than statements of historical facts contained in this release, including without limitation statements regarding, projected financial results for the second quarter 2021 and beyond, sales trends, and plans and objectives of management for future operations are forward-looking statements. Without limiting the foregoing, the words "believes", "estimates", "expects", "expectations", "intends", "may", "plans", "projects" and other similar language, whether in the negative or affirmative, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.</p> <p>Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated in these forward-looking statements due to various risks, uncertainties and other important factors, including, among others, risks related to the continuing COVID-19 pandemic; risks that will not realize estimated cost savings and/or anticipated benefits from the acquisition of ECI failure to realize anticipated benefits from the sale of our Kandy Communications business ("Kandy"); supply chain disruptions resulting from component availability and/or geopolitical instabilities and disputes; unpredictable fluctuations in quarterly revenue and operating results; failure to compete successfully against telecommunications equipment and networking companies; credit risks; the timing of customer purchasing decisions and our recognition of revenues; macro economic conditions; our ability to recruit and retain key personnel; the impact of restructuring and cost-containment activities; litigation; rapid technological and market change; our ability to protect our intellectual property rights and obtain necessary licenses; risks related to cybersecurity and data intrusion; the potential for defects in our products; risks related to the terms of our credit agreement; higher risks in international operations and markets; increases in tariffs, trade restrictions or taxes on our products; currency fluctuations; and failure or circumvention of our controls and procedures.</p> <p>These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect our business and results from operations. Additional information regarding these and other factors can be found in our reports filed with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2020. In providing forward-looking statements, the Company expressly disclaims any obligation to update these statements publicly or otherwise, whether as a result of new information, future events or otherwise, except as required by law.</p> <p><b>D</b><b>iscussion of Non-GAAP Financial Measures</b><br /> Our management uses several different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of its business, making operating decisions, planning and forecasting future periods, and determining payments under compensation programs. We consider the use of non-GAAP financial measures helpful in assessing the core performance of our continuing operations and when planning and forecasting future periods. Our annual financial plan is prepared on a non-GAAP basis and is approved by our board of directors. In addition, budgeting and forecasting for revenue and expenses are conducted on a non-GAAP basis and actual results on a non-GAAP basis are assessed against the annual financial plan. By continuing operations, we mean the ongoing results of the business adjusted for certain expenses and credits, as described below. We believe that providing non-GAAP information to investors will allow investors to view the financial results in the way our management views them and helps investors to better understand our core financial and operating performance and evaluate the efficacy of the methodology and information used by our management to evaluate and measure such performance.</p> <p>While our management uses non-GAAP financial measures as tools to enhance their understanding of certain aspects of our financial performance, our management does not consider these measures to be a substitute for, or superior to, GAAP measures. In addition, our presentations of these measures may not be comparable to similarly titled measures used by other companies. These non-GAAP financial measures should not be considered alternatives for, or in isolation from, the financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures. In particular, many of the adjustments to our financial measures reflect the exclusion of items that are recurring and will be reflected in our financial results for the foreseeable future.</p> <p><i>Stock-Based Compensation</i><br /> The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. We believe that presenting non-GAAP operating results that exclude stock-based compensation provides investors with visibility and insight into our management's method of analysis and the Company's core operating performance.</p> <p><i>Amortization of Acquired Intangible Assets</i><br /> Amortization amounts are inconsistent in frequency and amount and are significantly impacted by the timing and size of acquisitions. We believe that excluding non-cash amortization of intangible assets facilitates the comparison of our financial results to our historical operating results and to other companies in our industry as if the acquired intangible assets had been developed internally rather than acquired.</p> <p><i>Litigation Costs</i><br /> We have been involved in litigation with a former GENBAND business partner and have reached a settlement with the other party. We exclude the costs of such litigation because we believe such costs are not part of our core business or ongoing operations.</p> <p><i>Acquisition-, Disposal- and Integration-Related Expense</i><br /> We consider certain acquisition-, disposal- and integration-related costs to be unrelated to the organic continuing operations of our acquired businesses and the Company, and such costs are generally not relevant to assessing or estimating the long-term performance of the acquired assets. We exclude such acquisition-, disposal- and integration-related costs to allow more accurate comparisons of our financial results to our historical operations and the financial results of less acquisitive peer companies and allows management and investors to consider the ongoing operations of the business both with and without such expenses.</p> <p><i>Restructuring and Related Expense</i><br /> We have recorded restructuring and related expense to streamline operations and reduce operating costs by closing and consolidating certain facilities and reducing our worldwide workforce. We believe that excluding restructuring and related expense facilitates the comparison of our financial results to our historical operating results and to other companies in our industry, as there are no future revenue streams or other benefits associated with these costs.</p> <p><i>Gain on Sale of Business</i><br /> On December 1, 2020, we completed the sale of Kandy to AVCT. As consideration, we received units of AVCT securities, comprised of AVCT's Series A-1 convertible debentures ("Debentures") and warrants to purchase shares of AVCT's common stock ("Warrants"), with an aggregate fair value approximating $84 million on the date of sale. We exclude this gain because we believe that such gain is not part of our core business or ongoing operations.</p> <p><i>Interest Income on Debentures</i><br /> We recorded paid-in-kind interest income on the Debentures, which increased their fair value. We exclude this interest income because we believe that such a gain is not part of our core business or ongoing operations.</p> <p><i>Decrease (Increase) in Fair Value of Investments</i><br /> We calculate the fair value of the Debentures and Warrants at each quarter-end and record any adjustments to their fair values in Other (expense) income, net. We exclude these and any subsequent gains and losses from the change in fair value of the Debentures and Warrants because we believe that such gains or losses are not part of our core business or ongoing operations.</p> <p><i>Tax Effect of Non-GAAP Adjustments</i><br /> Non-GAAP income tax expense is presented based on an estimated tax rate applied against forecasted annual non-GAAP income. Non-GAAP income tax expense assumes no available net operating losses or valuation allowances for the U.S. because of reporting significant cumulative non-GAAP income over the past several years. We are reporting our non-GAAP quarterly income taxes by computing an annual rate for the Company and applying that single rate (rather than multiple rates by jurisdiction) to our consolidated quarterly results. We expect that this methodology will provide a consistent rate throughout the year and allow investors to better understand the impact of income taxes on our results. Due to the methodology applied to our estimated annual tax rate, our estimated tax rate on non-GAAP income will differ from our GAAP tax rate and from our actual tax liabilities.</p> <p><i>Adjusted EBITDA</i><br /> We use Adjusted EBITDA as a supplemental measure to review and assess our performance. We calculate Adjusted EBITDA by excluding from Income (loss) from operations: depreciation; amortization of acquired intangible assets; stock-based compensation; certain litigation costs; acquisition-, disposal- and integration-related expense; and restructuring and related expense. In general, we exclude the expenses that we consider to be non-cash and/or not part of our ongoing operations. We may exclude other items in the future that have those characteristics. Adjusted EBITDA is a non-GAAP financial measure that is used by our investing community for comparative and valuation purposes. We disclose this metric to support and facilitate our dialogue with research analysts and investors. Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Condensed Consolidated Statements of Operations</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(in thousands, except percentages and per share amounts)</span></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prnsbts prngen39" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Three months ended</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">December 31,</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2021</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Revenue:</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Product</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 97,889</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 142,225</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 75,899</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Service</span></p> </td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">94,883</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">101,977</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">82,083</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total revenue</span></p> </td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">192,772</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">244,202</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">157,982</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cost of revenue:</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Product</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">44,445</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">59,669</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">35,979</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Service</span></p> </td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">37,780</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">40,171</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">31,479</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total cost of revenue</span></p> </td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">82,225</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">99,840</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen15" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">67,458</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prnsbtbl prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen16" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen16" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Gross profit</span></p> </td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">110,547</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">144,362</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">90,524</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Gross margin:</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Product</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">54.6%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">58.0%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">52.6%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Service</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">60.2%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">60.6%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">61.6%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total gross margin</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.3%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">59.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.3%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Operating expenses:</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Research and development</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">47,410</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">51,321</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">42,295</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Sales and marketing</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">37,218</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">37,551</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">30,971</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">General and administrative</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,553</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">14,966</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17,205</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,823</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,558</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">14,334</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,197</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,557</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">12,384</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,950</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,509</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,075</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total operating expenses</span></p> </td> <td class="prngen17" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">123,151</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen17" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">127,462</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen17" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">119,264</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(Loss) income from operations</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(12,604)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">16,900</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(28,740)</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Interest expense, net</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(5,819)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(5,393)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(3,395)</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Other (expense) income, net</span></p> </td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(25,448)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen12" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">115,534</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(844)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(Loss) income before income taxes</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(43,871)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">127,041</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(32,979)</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Income tax provision</span></p> </td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(816)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(3,281)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(191)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net (loss) income</span></p> </td> <td class="prngen20" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (44,687)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 123,760</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen20" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (33,170)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(Loss) earnings per share</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Basic</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.31)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.85</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.27)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Diluted</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.31)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.81</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.27)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Weighted average shares used to compute (loss) earnings per share:</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Basic</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">145,936</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">145,311</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">120,992</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Diluted</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">145,936</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">153,441</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">120,992</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="7" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="7" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Condensed Consolidated Balance Sheets</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="7" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(in thousands)</span></p> </td> </tr> <tr> <td class="prngen6" colspan="7" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">December 31,</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen22" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2021</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen22" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> </tr> <tr> <td class="prngen6" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Assets</b></span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Current assets:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash and cash equivalents</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 106,228</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 128,428</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restricted cash</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,659</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">7,269</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accounts receivable, net</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">209,163</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">237,738</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Inventory</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">44,854</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">45,750</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Other current assets</span></p> </td> <td class="prngen19 prnpr8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">34,018</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">28,461</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total current assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">396,922</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">447,646</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Property and equipment, net</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">49,237</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">48,888</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Intangible assets, net</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">401,533</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">417,356</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Goodwill</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">416,892</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">416,892</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Investments</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">92,742</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">115,183</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred income taxes</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">10,832</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">10,651</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Operating lease right-of-use assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">62,579</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">69,757</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Other assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">22,047</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">20,892</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen24" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1,452,784</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen24" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1,547,265</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen6" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Liabilities and Stockholders' Equity</b></span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Current liabilities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Current portion of term debt</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 20,058</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 15,531</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accounts payable</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">58,549</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">63,387</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accrued expenses and other</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">98,185</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">134,865</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Operating lease liabilities</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17,627</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17,023</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred revenue</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">102,103</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">96,824</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total current liabilities</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">296,522</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">327,630</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Long-term debt, net of current</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">363,888</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">369,035</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Operating lease liabilities, net of current</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">68,100</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">72,614</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred revenue, net of current</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">23,054</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">26,010</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred income taxes</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17,303</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">16,842</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Other long-term liabilities</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">41,184</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">48,281</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total liabilities</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">810,051</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">860,412</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Commitments and contingencies</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stockholders' equity:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Common stock</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Additional paid-in capital</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,864,107</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,870,256</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accumulated deficit</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(1,223,163)</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(1,178,476)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accumulated other comprehensive (loss)<br /> income</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,774</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(4,942)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total stockholders' equity</span></p> </td> <td class="prngen25" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">642,733</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen25" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">686,853</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen26" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1,452,784</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen26" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1,547,265</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Condensed Consolidated Statements of Cash Flows</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(in thousands)</span></p> </td> </tr> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen13" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Three months ended</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> March 31, </span></p> </td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> March 31, </span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen22" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2021</span></p> </td> <td class="prngen22" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash flows from operating activities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net loss</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (44,687)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (33,170)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Adjustments to reconcile net loss to cash flows (used in) provided by operating activities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Depreciation and amortization of property and equipment</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,226</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,474</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of intangible assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,823</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">14,334</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of debt issuance costs</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,141</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,854</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,060</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,976</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred income taxes</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">293</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(99)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Decrease in fair value of investments</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">22,441</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Reduction in deferred purchase consideration</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(69)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Foreign currency exchange losses</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,716</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">854</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Changes in operating assets and liabilities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accounts receivable</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">28,083</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">46,156</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Inventory</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(330)</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,468</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Other operating assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">979</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(478)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accounts payable</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(3,800)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(27,029)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Accrued expenses and other long-term liabilities</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(41,480)</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">22,310</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Deferred revenue</span></p> </td> <td class="prnsbtb0 prnrbrb0 prngen19 prnsblb0 prnpr8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,323</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,351</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net cash (used in) provided by operating activities</span></p> </td> <td class="prnsbts prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(6,212)</span></p> </td> <td class="prngen25" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">39,932</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash flows from investing activities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Purchases of property and equipment</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(5,357)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(6,017)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Business acquisitions, net of cash acquired</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(346,852)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Proceeds from the sale of fixed assets</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">43,500</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net cash used in investing activities</span></p> </td> <td class="prngen28" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(5,357)</span></p> </td> <td class="prngen28" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(309,369)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash flows from financing activities:</span></p> </td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Principal payments on revolving line of credit</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(8,000)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Proceeds from issuance of term debt</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">74,625</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">403,500</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Principal payments of term debt</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(77,132)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(48,750)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Principal payments of finance leases</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(272)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(338)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Payment of debt issuance costs</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(789)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(10,573)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Proceeds from the exercise of stock options</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">24</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Payment of tax withholding obligations related to net share settlements of restricted<br /> stock awards</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(11,233)</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(792)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net cash (used in) provided by financing activities</span></p> </td> <td class="prngen28" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(14,777)</span></p> </td> <td class="prngen25" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">335,052</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Effect of exchange rate changes on cash, cash equivalents and restricted cash</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(464)</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(190)</span></p> </td> </tr> <tr> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> <td class="prngen4" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Net (decrease) increase in cash, cash equivalents and restricted cash</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(26,810)</span></p> </td> <td class="prngen4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">65,425</span></p> </td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash and cash equivalents, beginning of year</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">135,697</span></p> </td> <td class="prngen23" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">44,643</span></p> </td> </tr> <tr> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cash, cash equivalents and restricted cash, end of period</span></p> </td> <td class="prngen26" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 108,887</span></p> </td> <td class="prngen26" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 110,068</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Supplemental Information</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(in thousands)</span></p> </td> </tr> <tr> <td class="prngen6" colspan="9" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prnvab prntal prnpl6 prnpr6" colspan="9" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">The following tables provide the details of stock-based compensation included as components of other line items in<br /> the Company's Condensed Consolidated Statements of Operations and the line items in which these amounts are<br /> reported. </span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen13" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Three months ended </span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31, </span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">December 31,</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen31" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2021</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen31" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen31" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Stock-based compensation</b></span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cost of revenue - product</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 27</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 51</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 27</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cost of revenue - service</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">235</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">208</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">130</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Cost of revenue</span></p> </td> <td class="prnsbtbl prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">262</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen32" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">259</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen32" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">157</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Research and development</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">627</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">804</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">558</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Sales and marketing</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,874</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,177</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">752</span></p> </td> </tr> <tr> <td class="prngen5" colspan="4" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">General and administrative</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,297</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,492</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,509</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Operating expense</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,798</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,473</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,819</span></p> </td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Total stock-based compensation</span></p> </td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 5,060</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 3,732</span></p> </td> <td class="prngen8" nowrap="nowrap">&nbsp;</td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 2,976</span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="6" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="6" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Reconciliation of Non-GAAP and GAAP Financial Measures</span></strong></p> </td> </tr> <tr> <td class="prngen6" colspan="6" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(in thousands, except per share amounts)</span></p> </td> </tr> <tr> <td class="prngen6" colspan="6" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen13" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Three months ended</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">December 31,</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">March 31,</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2021</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen14" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2020</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP Total gross margin</b></span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.3%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">59.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.3%</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prnsbtb0 prnrbrb0 prngen19 prnsblb0 prnpr6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.2%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Total gross margin</b></span></p> </td> <td class="prnsbts prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.5%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen35" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">59.2%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen35" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.4%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP Net (loss) income</b></span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (44,687)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 123,760</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (33,170)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,060</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,732</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,976</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,823</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,558</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">14,334</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Litigation costs</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,038</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,197</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,557</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">12,384</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,950</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,509</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,075</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Gain on sale of business</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(83,552)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Interest income on debentures</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(1,459)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Decrease (increase) in fair value of investments</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">23,900</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(30,296)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Tax effect of non-GAAP adjustments</span></p> </td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(880)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(10,000)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(408)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Net income</b></span></p> </td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 4,904</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 27,268</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 1,229</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>(Loss) earnings per share</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP (Loss) diluted earnings per share</b></span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.31)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.81</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.27)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.03</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.11</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.10</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.12</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Litigation costs</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.01</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.10</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.05</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.04</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Gain on sale of business</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.54)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Interest income on debentures</span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.01)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Decrease (increase) in fair value of investments</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.16</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.20)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Tax effect of non-GAAP adjustments</span></p> </td> <td class="prnsbtb0 prnrbrb0 prngen19 prnsblb0" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.01)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.07)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> * </span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Diluted earnings per share</b></span></p> </td> <td class="prnsbts prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.03</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.18</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.01</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Weighted average shares used to compute (loss) diluted earnings per share</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Shares used to compute<b> GAAP </b>(loss) diluted earnings per share</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">145,936</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">153,441</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">120,992</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Shares used to compute<b> Non-GAAP</b> diluted earnings per share</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,032</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">153,441</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">121,603</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Adjusted EBITDA</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP (Loss) income from operations</b></span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (12,604)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 16,900</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (28,740)</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Depreciation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,226</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4,434</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,474</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,823</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">15,558</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">14,334</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,060</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,732</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,976</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Litigation costs</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">-</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3,038</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1,197</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,557</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">12,384</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,950</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5,509</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2,075</span></p> </td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Adjusted EBITDA</b></span></p> </td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 19,652</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 48,690</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 9,541</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">* Less than $0.01 impact on earnings (loss) per share.</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <div> <div class="divOverflow"> <div class="table-responsive"> <table border="0" cellpadding="0" cellspacing="0" class="prnbcc"> <tbody> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">RIBBON COMMUNICATIONS INC.</span></strong></p> </td> <td class="prngen11 text-align-center" nowrap="nowrap">&nbsp;</td> <td class="prngen11 text-align-center" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><strong><span class="prnews_span">Reconciliation of Non-GAAP and GAAP Financial Measures - Outlook</span></strong></p> </td> <td class="prngen11 text-align-center" nowrap="nowrap">&nbsp;</td> <td class="prngen11 text-align-center" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen6" colspan="8" nowrap="nowrap"> <p class="prnews_p text-align-center"><span class="prnews_span">(unaudited)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen38" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Three months ending </span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen38" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Year ending </span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen39" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> June 30, 2021 </span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen39" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">December 31, 2021</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen40" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Range </span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen40" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> Range </span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Revenue ($ millions)</b></span></p> </td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 215</span></p> </td> <td class="prngen6" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> to </span></p> </td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 225</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 925</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 945</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Gross margin</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP outlook</b></span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">55.9%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">56.9%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">54.9%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">55.9%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen29" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.1%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP outlook</b></span></p> </td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">56.0%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">57.0%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">55.0%</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen33" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">56.0%</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>(Loss) earnings per share **</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP outlook</b></span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.05)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.02)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.02)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.05</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.03</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.03</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.14</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.14</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.11</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.11</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.43</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.43</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.01</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.01</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.02</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.01</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.01</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.06</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">0.06</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Interest income on debentures</span></p> </td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> * </span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen8" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"> * </span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.01)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.01)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Tax effect of non-GAAP adjustments</span></p> </td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.02)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.03)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.13)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen19" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">(0.15)</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP outlook</b></span></p> </td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.09</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.11</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.49</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen21" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 0.54</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Weighted average shares used to compute (loss) diluted earnings per share<br /> (in thousands)</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Shares used to compute <b>GAAP </b>(loss) diluted earnings per share</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">147,500</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">147,500</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">148,000</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,000</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Shares used to compute <b>Non-GAAP </b>diluted earnings per share</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,000</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,000</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,000</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">155,000</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="3" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Adjusted EBITDA ($ millions)</b></span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>GAAP (loss) income from operations</b></span></p> </td> <td class="prngen18" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ (0.5)</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 3.5</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 27.1</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 37.1</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Depreciation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4.4</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">4.4</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17.4</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17.4</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Amortization of acquired intangible assets</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">17.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">66.7</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">66.7</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Stock-based compensation</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">5.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">20.9</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">20.9</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Acquisition-, disposal- and integration-related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1.5</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">1.5</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3.6</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">3.6</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Restructuring and related expense</span></p> </td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">2.2</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">9.3</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">9.3</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span"><b>Non-GAAP outlook</b></span></p> </td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 30.0</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 34.0</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 145.0</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen37" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">$ 155.0</span></p> </td> </tr> <tr> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">*</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Less than $0.01 impact on earnings (loss) per share</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> <tr> <td class="prngen5" colspan="2" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">**</span></p> </td> <td class="prngen5" colspan="5" nowrap="nowrap"> <p class="prnews_p"><span class="prnews_span">Excludes any income (loss) related to the change in fair value of the Debentures and Warrants received as sale consideration</span></p> </td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> <td class="prngen11" nowrap="nowrap">&nbsp;</td> </tr> </tbody> </table> </div> </div> </div> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> </section> <script src="https://preview1.newswire.ca/prn-us-b/1904/require.js"></script><script> requirejs(['https://preview1.newswire.ca/prn-us-b/1904/common.js'], function (common) { requirejs(['https://preview1.newswire.ca/prn-us-b/1904/page.template-b.js']); }); </script></div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Wed, 28 Apr 2021 19:43:37 +0000 pleininger 22391 at https://ribboncommunications.com Pineland Telephone Cooperative Upgrades Communications Network with Ribbon IP Optical Solutions https://ribboncommunications.com/company/media-center/press-releases/pineland-telephone-cooperative-upgrades-communications-network-ribbon-ip-optical-solutions <div class="ribbon-two-column"> <div class="region region-pre-content"> </div> <div class="region region-main-content container"> <div class="block-region-main"><div data-block-plugin-id="sharethis_block"> <div class="sharethis-wrapper"> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_facebook_hcount" displayText="facebook"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_twitter_hcount" st_via="ribboncomm" st_username="" displayText="twitter"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_linkedin_hcount" displayText="linkedin"></span> <span st_url="https://ribboncommunications.com/rss/press-releases" st_title="MC: Press Releases" class="st_email_hcount" displayText="email"></span> </div> </div> <div data-block-plugin-id="entity_field:node:title"> <h1 class="page-header">Pineland Telephone Cooperative Upgrades Communications Network with Ribbon IP Optical Solutions</h1> </div> <div data-block-plugin-id="entity_field:node:field_title"> <div class="field field--name-field-title field--type-string field--label-hidden field--items"> <div class="field--item">Longtime customer leverages Ribbon’s IP Optical network solutions to dramatically increase network capacity and improve communications offerings</div> </div> </div> <div data-block-plugin-id="entity_field:node:field_date_release"> <div class="field field--name-field-date-release field--type-datetime field--label-hidden field--item">April 26, 2021</div> </div> <div data-block-plugin-id="entity_field:node:body"> <div class="field field--name-body field--type-text-with-summary field--label-hidden field--item"><p><strong>Plano, TX </strong>– <a href="http://www.rbbn.com"><strong>Ribbon Communications Inc.</strong></a> (Nasdaq: RBBN), a global provider of real-time communications software and IP Optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that <a href="https://pineland.net/" target="_blank"><strong>Pineland Telephone Cooperative</strong></a>, a provider of telecommunications services to residential and business customers in South Georgia, has selected Ribbon’s IP Optical network solutions to upgrade its communications network. Ribbon’s industry-leading <a href="https://ribboncommunications.com/products/service-provider-products/ip-and-optical-networks/apollo-optical-systems"><strong>Apollo</strong></a> and <a href="https://ribboncommunications.com/products/service-provider-products/ip-and-optical-networks/neptune-ip-systems"><strong>Neptune</strong></a> solutions allow Pineland to expand its network capacity to meet current and future growth demands.</p> <p>“We were in need of a solution that would allow us to seamlessly expand our core network capacity to accommodate our growing customer base,” said Dustin Durden, General Manager, Pineland. “Ribbon is a trusted partner with whom we have a very long history. Their expanded portfolio of IP Optical and transport solutions are a great technology fit for our rapidly growing network. They will allow us to future-proof our network and enhance our ability to deliver our customer's uninterrupted gigabit-enabled internet speeds and other state-of-the-art communications capabilities.”</p> <p>Durden added, “Ribbon’s top-notch Professional Services organization and their capabilities was also a big factor in our decision to go with them for this critical project. We are confident the level of service and support they will provide will be first-rate.”</p> <p>“Pineland already has key solutions from our Cloud &amp; Edge portfolio in their network and with the addition of our IP Optical network solutions to overlay their existing infrastructure, it allows them to immediately enhance their communications offerings,” said Steven Bruny, EVP Sales, Americas Region for Ribbon. “Our IP Optical network solutions are designed to cost-effectively help communications service providers and enterprises of all sizes modernize their communications networks.”</p> <p>Ribbon’s Apollo optical transport and switching platforms allow its customers to optimize network traffic, enhance layer 1 security and lower the cost per bit. The Neptune family of products provides service providers with next-generation IP transport technology while delivering best-in-class data rates and improved network operations. The Apollo and Neptune solutions are supported by Ribbon’s advanced network management system, which provides unified, multi-layer, end-to-end network management through an intuitive user interface.</p> <h3>Key Takeaways:</h3> <ul> <li>Pineland Telephone Cooperative has selected Ribbon’s Apollo and Neptune IP Optical network solutions to expand its bandwidth and network capacity.</li> <li>The Ribbon IP Optical network solutions will provide a capacity overlay to Pineland’s existing network to modernize and future-proof its communications infrastructure.</li> <li>Pineland, which is already leveraging key components of Ribbon’s Cloud &amp; Edge portfolio, is augmenting its network with the IP Optical and transport solutions.</li> <li>Pineland selected Ribbon because of the two organizations longstanding relationship and the end-to-end solutions set Ribbon offered.</li> </ul> <h3>About Pineland Telephone Cooperative</h3> <p>Pineland serves over 1,300 square miles with its traditional Phone and Internet services in all or parts of ten counties in South Georgia. Beginning its 69<sup>th</sup> year, 100% of Pineland’s Phone and Internet customers receive their services via a dedicated Fiber-to-the-Home network offering Gigabit-enabled Broadband connections. Pineland’s mission is to offer an outstanding customer experience through the efficient delivery of progressive technology solutions in the markets served. We will achieve this mission by applying our Core Values of Excellence, Integrity, Innovation, and a Servant’s Heart in everything we do. For more information, visit <a href="http://www.pineland.net">Pineland.net</a>.</p> <h3>About Ribbon</h3> <p>Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along IP and optical networking solutions for 5G. To learn more about Ribbon visit <a href="http://www.rbbn.com">rbbn.com</a>.</p> <h3>Important Information Regarding Forward-Looking Statements</h3> <p>The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from the use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.</p> </div> </div> <div data-block-plugin-id="entity_field:node:field_contacts_pr"> <div class="field field--name-field-contacts-pr field--type-entity-reference field--label-hidden field--items"> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">APAC, CALA &amp; EMEA Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Catherine Berthier</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (646) 741-1974</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:cberthier@rbbn.com">cberthier@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">North America Press</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Dennis Watson</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (214) 695 2224</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:dwatson@rbbn.com">dwatson@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Analyst Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Michael Cooper</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (708) 383-3387</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:mcooper@rbbn.com">mcooper@rbbn.com</a></div> </div> <div class="field--item"> <div class="field field--name-field-position field--type-string field--label-hidden field--item">Investor Relations</div> <div class="field field--name-field-title field--type-string field--label-hidden field--item">Tom Berry</div> <div class="field field--name-field-tn field--type-string field--label-hidden field--item">+1 (978) 614-8050</div> <div class="field field--name-field-email field--type-email field--label-hidden field--item"><a href="mailto:tom.berry@rbbn.com">tom.berry@rbbn.com</a></div> </div> </div> </div> </div> </div> <div class="region region-post-content"> </div> </div> Mon, 26 Apr 2021 13:39:25 +0000 kalfonzo 22386 at https://ribboncommunications.com