Ceragon reports 11.5% increase in quarterly revenue, gaap eps of $0.09 per share in the second quarter

Significant penetration into private networks management reiterates full-year 2024 outlook  rosh ha'ain, israel , aug. 7, 2024 /prnewswire/ -- ceragon (nasdaq: crnt), the leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended june 30, 2024.     q2 2024 financial highlights: revenues of $96.1 million operating income of $10.4 million on a gaap basis, or $13.1 million on a non-gaap basis net income of $7.8 million on a gaap basis, and net income of $9.9 million on a non-gaap basis eps of $0.09 per diluted share on a gaap basis, or $0.11 per diluted share on a non-gaap basis q2 202 4 business highlights: india: -  record quarterly revenues since q2 2018, including revenue from the new, top-tier customer-  substantial ramp up in demand for new ip-50cx product, with more than 20,000 radio units delivered north america: -  bookings remain strong, supported by private network wins-  significant private network orders, including nine new customers-  six consecutive quarters of revenue above $20 million doron arazi, ceo, commented: "our stated strategy of diversifying our business by expanding our presence with private networks has been successful.
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