RBBN News & Events

Ribbon Communications announced that Rick Marmurek, Ribbon's current Deputy CFO and Chief Accounting Officer, has been promoted to Executive Vice President, CFO and Chief Accounting Officer, effective May 1. He will succeed current CFO John Townsend who will be leaving Ribbon effective April 30 to take another professional opportunity. Marmurek, CPA brings more than 35 years of financial experience, including more than 15 years at Ribbon or its predecessor companies, where he has served as Senior Vice President, Deputy CFO and Chief Accounting Officer since 2024.

Reports Q1 revenue $163M, consensus $163.43M. "We remain confident in the underlying demand environment and continue to expect meaningful second-half growth across multiple end markets including voice transformation projects with U.S. Service Providers and Federal agencies, and growing IP and Optical deployments in the U.S. and EMEA regions, with significant improvement beginning in the second quarter," stated Bruce McClelland, President and CEO of Ribbon Communications. "Revenue in the Q1 was in line with expectations and reflected the timing dynamics we outlined earlier this year. While margins were pressured by a slower deployment pace with key U.S. Tier 1 Service Providers and higher sales in India, we expect margin expansion as revenue increases throughout the year."

Sees Q2 non-GAAP gross margin 49%-50%; and Adjusted EBITDA $9M-$14M.