Ceragon networks reports 2024 first quarter financial results

Strong demand and bookings bolster, confidence of continued growth and margin expansion management reiterates full-year 2024 outlook  rosh ha'ain, israel , may 7, 2024 /prnewswire/ -- ceragon networks ltd (nasdaq: crnt), the global innovator and leading solutions provider of 5g wireless transport, today reported its financial results for the first quarter period ended march 31, 2024. q1 2024 financial highlights: revenues of $88.5 million, up 6.1% year-over-year operating income of $4.2 million on a gaap basis, or $7.6 million on a non-gaap basis net income of $0.4 million on a gaap basis, and net income of $4.7 million on a non-gaap basis eps of $0.00 per diluted share on a gaap basis, or $0.05 per diluted share on a non-gaap basis q 1 202 4 business highlights: north america:- continued strong bookings, supported by demand for 5g capabilities - strongest region in terms of revenue, with record quarterly revenues  india:- record quarterly bookings, including substantial orders from the approximately $150 million project from global integrator, in support of a network modernization project for a tier 1 operator  doron arazi, ceo, commented: "ceragon continues to experience high demand for its solutions, and our increased marketing efforts primarily in the private networks space enable us to increase our funnel in this segment in general and in north america particularly.
CRNT Ratings Summary
CRNT Quant Ranking