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Ribbon Communications Inc. (RBBN) Q4 2020 Earnings Call Transcript

Ribbon Communications Inc. (RBBN) Q4 2020 Earnings Call Transcript
Motley Fool Transcribing
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Ribbon Communications Inc. (NASDAQ: RBBN)
Q4 2020 Earnings Call
Greetings, and welcome to the Ribbon Communications fourth quarter and full-year 2020 financial results. [Operator instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Tom Berry, investor relations for Ribbon Communications. Please go ahead, sir.
Tom Berry
Investor Relations
Good afternoon, and welcome to Ribbon s fourth quarter and full-year 2020 financial results conference call. I m Tom Berry, investor relations of Ribbon Communications. Also on the call today will be Bruce McClelland, Ribbon s chief executive officer; and Mick Lopez, Ribbon s chief financial officer. Today s call is being webcast live and will be archived on the Investo ....

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Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

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WESTFORD, Mass., Feb. 17, 2021 /PRNewswire/ Ribbon Communications Inc. (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 fourth quarter and full year 2020.
Revenue for the fourth quarter of 2020 was $244 million, compared to $161 million for the fourth quarter of 2019, an increase of 52%. Revenue for 2020 was $844 million, compared to $563 million in 2019, an increase of 50%. Approximately $89 million of the year-over-year revenue increase in the fourth quarter and $261 million of the increase in 2020 was attributable to the Company s acquisition of ECI Telecom Group, Ltd. (ECI), which closed on March 3, 2020. ....

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