PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Radvision Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

RADVISION Announces Improved Forecast for 2011 Fourth Quarter - RADVISION® (Nasdaq: RVSN), announced that based on preliminary results, the Company expects to report revenues for the fourth quarter of 2011 in the range of $21.5 million to $22.0 million - RADVISION.com
RADVISION Announces Improved Forecast for 2011 Fourth Quarter

 

NewswireToday - /newswire/ - Fair Lawn, NJ, United States, 2012/01/03 - RADVISION® (Nasdaq: RVSN), announced that based on preliminary results, the Company expects to report revenues for the fourth quarter of 2011 in the range of $21.5 million to $22.0 million - RADVISION.com. NASDAQ: RVSN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Office Automation/Conferencing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

RADVISION®, a leading technology and end-to-end solution provider for unified visual communications, announced today that based on preliminary results, the Company expects to report revenues for the fourth quarter of 2011 in the range of $21.5 million to $22.0 million. This compares with its previous forecast that fourth quarter revenues would approximate $18 million, reported on October 27.

As a result, the Company has reduced its forecast of the net loss for the fourth quarter to approximately $0.25 to $0.28 per diluted share on a GAAP basis, and $0.18 to $0.21 per diluted share on a non-GAAP basis.

The Company’s initial forecast for the fourth quarter of 2011 was for a net loss of approximately $0.37 per diluted share on a GAAP basis, and $0.31 per diluted share on a non-GAAP basis. The non-GAAP amount mainly excludes stock-based compensation expense of $0.7 million in accordance with ASC 718 and amortization of purchased intangible assets of $0.4 million.

The improved fourth quarter outlook mainly reflects record sales of its video endpoints as well as stronger than expected infrastructure sales, which contributed to higher than anticipated revenues in the Company’s Video Business Unit (VBU). Total VBU sales are expected to approximate $18.0 million to $18.5 million versus its forecast of $14.0 million. Its Technology Business Unit (TBU) sales are expected to approximate $3.5 to $4.0 million.

The Company also reported that each region achieved sequential revenue growth in the 2011 fourth quarter, despite continued competitive conditions globally.

Boaz Raviv, Chief Executive Officer, commented: “Our improved forecast for the fourth quarter, driven by record endpoint sales and strong demand for our infrastructure, is a welcome indication that our effort to transform RADVISION into an end-to-end video conferencing provider is taking effect. The sequential improvement in each of our regions in the quarter is especially noteworthy. In the face of a challenging year, we have remained fully focused on leveraging the competitive strength of our award-winning video conferencing technology and on executing our strategy to return to profitability and growth.”

The Company will report final results for the fourth quarter of 2011 on Wednesday, February 8, 2012.

About RADVISION
Founded in 1992, RADVISION (radvision.com) is a leading provider of videoconferencing and telepresence technologies over IP and wireless networks. RADVISION teams with its channel and service provider partners to offer end-to-end visual communications that help businesses collaborate more efficiently. RADVISION propels the unified communications evolution forward with unique technologies that harness the power of video, voice, and data over any network. Visit radvision.com, our blog, and follow us on Facebook, LinkedIn, Twitter, and YouTube.

This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders and other risks detailed from time to time in RADVISION’s filings with the Securities Exchange Commission, including RADVISION’s Form 20-F Annual Report. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

RADVISION and SCOPIA are registered trademarks of RADVISION, Ltd. All product and company names herein may be trademarks of their registered owners. All rights reserved © 2011 RADVISION, Ltd.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Office Automation/Conferencing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Radvision Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Office Automation/Conferencing articles,
CATCH Visitors via Your Competitors Announcements!


RADVISION Announces Improved Forecast for 2011 Fourth Quarter

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: RADVISION.com 
+972-3-767-9300 info[.]radvision.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Radvision Ltd securities in any jurisdiction including any other companies listed or named in this release.

Office Automation/Conferencing via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Radvision Ltd / Company Profile


Read Office Automation/Conferencing Most Recent Related Newswires:

AVI-SPL Acquires Anderson Audio Visual
Avaya Japan Partners with LINE on Contact Center Solution
Avaya Partners with China’s Tencent Cloud to Offer Cloud-Based Services to Enterprises
KDDI Evolva to Build Contact Center Platform on Avaya Breeze to Offer Cloud Services to Enterprises
RingCentral Hits Major Milestone with 100 U.S. Patents
RingCentral Connect Platform Achieves New Milestones with 1.6 Million API Requests Per Day and 300% Annual Increase in API Requests Overall
AVI-SPL Awarded Frost & Sullivan’s 2016 North American Managed Video Conferencing Services Company of the Year
AVI-SPL to Showcase Next Gen Collaboration Solutions at Gartner Symposium/ITxpo 2016
AVI-SPL Entrusted as Microsoft Cloud Solutions Provider, Simplifies Cloud Services for Organizations
Vidyo Expands Partnership with Computacenter to Deliver Universal Cloud-Based Video Communications to European Markets
Automated Voice & Data Solutions (AVDS) Partners with Vidyo to Offer Enhanced Video Interactions for Improved Customer Service
Santa Clara Unified School District Moves its Communications Infrastructure to the Cloud with RingCentral
Avaya Unveils Cloud Networking Platform to Simplify and Accelerate Deployment and Management of Networks
AVST Now Part of Arrow Systems Integration Monitoring Solution
Avaya Receives 2016 CUSTOMER Contact Center Technology Award

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)