Ribbon Communications Reports Preliminary Fourth Quarter 2020 Financial Results; Meets and Exceeds Prior Guidance

Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced preliminary financial highlights for its fourth quarter ended December 31, 2020.

The following table summarizes these preliminary highlights compared to the previous financial guidance provided for the three months ended December 31, 2020 (in millions).

(1) Preliminary results include approximately $10 million of amortization of acquired intangible assets not included in the previously provided guidance. This increase resulted from the Company’s reclassification of all such amortization to a separate line item within operating expenses that had previously been included in cost of product sales.