Ceragon Networks reports Q1 non-GAAP EPS 4c vs. last year

Reports Q1 revenue $83.4M vs. $70.3M last year. Doron Arazi, CEO, commented: "Ceragon delivered double-digit revenue growth, margin expansion, and solid profitability in the first quarter of 2023. Our solutions are benefiting from strong demand and the supply chain is normalizing both in terms of product availability and costs. The result is concrete evidence that our improved execution is delivering the intended improvements in our financial results. Importantly, we have not seen signs of a slowdown in spending, softness or pressures that others across the broader industry have reported. While we are cognizant of the macro environment, the trends we are seeing across our business are encouraging. During Q1 we recorded bookings that exceeded our revenue, giving us greater confidence that we are in position to achieve our full-year guidance. As we move through the year and gain greater visibility into customer buying patterns, we may consider upgrading our outlook."