Welcome to our dedicated page for Radcom news (Ticker: RDCM), a resource for investors and traders seeking the latest updates and insights on Radcom stock.
RADCOM Ltd. (RDCM) delivers cutting-edge network intelligence solutions that empower telecom operators to optimize 5G networks and cloud-based infrastructure. This dedicated news hub provides investors and industry professionals with centralized access to the company's official announcements, strategic developments, and technological advancements.
Stay informed about RADCOM's innovations in service assurance, automated network analytics, and customer experience management through verified press releases and financial updates. Key coverage areas span 5G network deployment milestones, cloud-native solution enhancements, strategic partnerships, and financial performance reports.
This resource enables stakeholders to track how RADCOM addresses critical telecom challenges through its machine learning-powered platforms while maintaining compliance with evolving industry standards. Regular updates provide insights into the company's global expansion efforts and technological roadmap.
Bookmark this page for real-time updates on RADCOM's contributions to network automation and intelligent data analytics in telecommunications. Return frequently to monitor how the company continues shaping next-generation network optimization strategies worldwide.
RADCOM (Nasdaq: RDCM) announced securing over $45 million in new contracts since January 2024. This milestone demonstrates the company's effective strategy to grow its business and revenue through innovative solutions, particularly in cloud-based 5G networks.
Interim CEO Hilik Itman emphasized the company's leading position in providing cloud-based solutions for telecom operators transitioning to 5G. Itman highlighted that these new contracts will help expand solution deployments and drive future growth, reflecting RADCOM's commitment to meeting customer needs with advanced technology.
RADCOM (NASDAQ: RDCM) has announced strong financial results for Q1 2024, with revenues reaching $14.1 million, marking a 17.5% year-over-year growth from $12 million in Q1 2023. The company reported a GAAP net income of $0.8 million ($0.05 per diluted share) and a non-GAAP net income of $2.8 million ($0.18 per diluted share). As of March 31, 2024, RADCOM had $85.3 million in cash and no debt, achieving its highest-ever cash level. RADCOM also renewed its multi-year contract with Rakuten Mobile and extended a contract with a U.S. telecom operator to use RADCOM ACE. The company raised its 2024 revenue guidance to $57-$60 million.
RADCOM (Nasdaq: RDCM) will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 16, 2024. Interim CEO and CFO will be presenting virtually, with one-on-one meetings available. A live webcast and presentation slides will be accessible online.
RADCOM announced RADCOM NetTalk™ is now available on Amazon Web Services (AWS), enhancing operational efficiencies with generative AI. The application leverages AWS AI services to provide network insights through RADCOM ACE, enabling faster network management and improved customer experiences. The integration with Amazon Bedrock and QuickSight allows operators to deploy generative AI capabilities securely and access unified business intelligence at a hyper-scale.
RADCOM (Nasdaq: RDCM) has secured a contract extension with a U.S. telecom operator to deploy RADCOM ACE Service Assurance on Amazon Web Services (AWS) as a Software-as-a-Service (SaaS) solution. This move enables the operator to improve network automation, flexibility, and real-time insights, ensuring excellent customer experiences and quality services.
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