another you, and Ceragon morning, Rob, delivered quarter. Networks good strong everyone. Thank
Our operating expected net strongest quarter non-GAAP what in of XXXX. and to since third is the year be profit solid
foot. for we is expect core Since strengths smaller our categories, in year, expand this with service market, navigate range further these of Tier Ceragon align performance successfully the and providers. small orders reinforced a share be private Tier we growth margins. the our and expand solutions, America today. to macroeconomic business providers challenges by that our Strip our revenue Our networks pursuing in private initial us solutions start opportunities have to affecting X demand our beyond customers bearing X impact material market of growth providers help strategy the durable continues to North can with new and primarily broader India. service these service networks received of with had within will strategy increase XX accelerate and in and our the and to addressable in business Siklu. of ongoing our acquisition hostilities have pending our diversify Siklu’s Similarly, well industry, on the markets from demonstrating Gaza not any the
our are customers close company Ceragon suppliers be The based vast Israel. and are our of and we of in majority majority Israel partners. the located Israel, While of of outside to are headquartered to proud manufacturing also outside employees the a
plan, of impact We the the planning in current to which have a contingency has minimize enabled detailed and anticipates us the region events. this conflicts
any Force. approximately the meaningful this don't duty active X.X% has total we the analysis, anticipate operations to on in horrific attacks materially October in to don't and it change to of terrorist X, Based disrupt been base up way. level Following Defense called of employee our our expect our Israeli
our and now, are working offices are remotely. there are working employees Israel For while some in open, others
pandemic. we protocols following the are used We of the same type during
strategy a the economic Israelis our expanding our Siklu, the market have America, later well are concerns of We and impacting devoted are and their team.We addressable our X challenging in of families. is we to the Tier to beyond base These acquisition expect with employees we our constant safety in communication focus others. This will only are X but that robust Tier North demonstrates into growth our have believe executing of customers our quarter, and the demand, and initiative. and we India particularly face are involving in this team and continue and clear priority and historically geopolitical this durability times, business. We been is which coming resilient, of our close see well-being and accelerate
quarter investing row, significant and cash surpassed revenue million, generating remain profitable, first a the in For activities. solidly operations from $XX and we
year months midpoint the as end fourth us performance quarter, of be guidance given move We range. believe the annual giving strong significant year absent which momentum on we we narrow further improving fourth the smooth for XXXX, raise only to a dependent us Ceragon. growth is revenue combined of visibility our and will with XXXX, quarter, has confidence surprises, which to Our we and first X with the another in expect into into the delivery
are We and our executing competitive advantages. business derisking well, reinforcing our
bookings primarily $XX shift the the QX of was also the in quarter full Revenue was we year. that million, will for believe backlog America the orders, are America. control, end remains the Demand in North up X, increasing the beginning is strong not this we quarterly exceeding book-to-bill had we in revenues and XXXX. reached year-over-year. third of above with we timing strong our India consecutive quarter Revenue North India And of ratio with year and highs While for in million. $XX the at susceptible XX.X% a the since to
New putting improvements other XXXX. drive particular, initiatives regions in in leadership to in are place and in in Europe,
demands and Siklu’s will established meet help South capabilities in America especially also acquisition provide new and other to regions, presence, North we the and addition, in growth significant In only customer Europe fueling has not Siklu believe pending Asia. where in but America
Siklu’s will for some this on optimistic we products this we Based by We the existing acquisition. customers are integrate existing solutions from our customers cases. use feedback, are that Ceragon encouraged into to of for specific opportunities initial reaction to have
private to wireless end-to-end solution, technologies an by particularly opening broadens small Siklu’s portion the Additionally, providers. addressable for networks our service up and market access fixed
For for transaction, Ceragon each as strategic providing pending the million to incremental growth. million XXXX, to plan of $XX of stand-alone see reasons, which is revenue, approximately $XX another Siklu’s acquisition we to organic an these in year important expected be
also pending XXXX. anticipated several to our will We $XXX be will catalyst our it achieving accelerated a next over path believe and that the and potentially earnings that accelerate target by and this growth think acquisition currently revenue years exceeding revenue million for
we discuss long-term plans. the on our for our guidance non-GAAP and delivered intend solidly of closing the of share existing GAAP finalization $X.XX a We XXXX provide this in Following and earnings to and business Simultaneously, $X.XX per basis. remains AOP core XXXX process, profitable.
grow collections expectations This for nearly $XX will enabled business that to we cash demonstrating reinforces strong activities XXXX, and cash us million our be flow the in quarter. and profitable our Importantly, generating is from self-sustaining. generate operations in revenue investing that and
plans We not execute on need raise to believe we do we opportunities. money, have additional our and no current existing capital to
continues As the note orders while the that during and we inventory manage chain significant process in to increase supply from component carefully increase to in that to supply and the I availability I improve. continue And to are hand we fulfilled. want impact attention not quarter we the of mentioned, the do in current encountered to quarter. disruption amassed this chain, that is in call any being related directly have
of We to our a continue on the productization technology. system chip advance new
delay plan. efforts the a to that remain track with date, During in new would we bugs testing product our the our system our on there plans system to third the advancing To chip be XXXX. of are plan while quarter, to And we using or no still on surpassed much approximately issues our on is launch XX% for according production line of new work believe done, we chip.
products, tangible final stage total and we further a XXXX. our these during help believe are productization lower In These of to for ownership. expand new featuring will available new our additional offer addition, QX be the We use us are expected presence benefits products market of of X to customers. products cost commercial X in
portion the and investing results upgrading to carriers expansion improving by of America have providers our addition, greatest from significant on will we volume. our in and expected also are we and activities with on we call, India. today's on goal like help customer transport In existing on that margins. The North in X have to our impact expect the they sites highlights term. that continue primarily and higher of America, gross network in parallel long-term Service orders North in Noting our now focus overview QX densification. standardizing have near capacity are continued region. will a to with to us I'd regions driving one receive In major to
we where this cases, our addressed business as We and ubiquitous new is America vehicles solutions. enough for line To we us smaller around remains connectivities expect fully and and towards to delivered our opportunities of participating demand build-out for cannot continue or Again, multiple private cases either this been carriers including not North enterprise help penetrate revolve need this down. There not also networks support that with autonomous will carriers, even creating intensifies connectivity upgrade fiber use for be but shift. market weighted Encouragingly, are in solutions, are a option XG the is beginning to strategy. IoT, growing an additional not may new need the have in with large sites Siklu business. fiber. high-end use with is This larger by our involved fast as with set date, historically is in slowing
parallel, have support As of expansion maintenance for the frequencies as with opportunities. are deployment expansion of city availability plans. we long-term include well the already evolving which as multiyear segments serve catalysts the well The contract it started services to This heterogeneous as to will relates various XG profile a number of In for Tier and to X Cincinnati, growing for as realized identifying and of RFPs, including is all business. private as addressable small continue our operators, carriers leading need market, networks. covering peers our durable we
Some the also critical and particularly in may they plans. are of supported infrastructure take federal broadband segments mature rural to as these state and longer funding by opportunities,
infrastructure to and contributing for revenue Ceragon projects diversification. remain rural opportunity and important However, an our broadband growth
in are when believe of all on managed increasingly in private opportunities first well funnel We this networks. and mature. the these With and opportunities networks. America. engagement we customers for North getting start help This managed multi-vendor, Our traction multi-technology to digital proof optimize concept to twin also software significant services differentiator about their is of in are telco a won services our North nice a solution some, we capitalize we is of to several year, customers are building earlier additional We with positioned providing in shortly. America solution engagements they
services double We also being other the which of in region, India, XG telcos the value to invest and with cities, and equipment the continue to expansions often increase XG In can more in business XG technology depending region areas. XG aggressively on continue in rural sell. the used larger adding we
XG for factor an increased modest pace. multi-band not We market the work well be with this in XG our was the as of India type delivering in solution rollout for dominant Bookings quarter, continue XG were a but India to in e-band subscription during operators as month. to at the the timing, as continues networks
in we from strong the quarter, the fourth and a to accelerated of first booking have bookings India fact, end the weeks perspective. in a year expect In
deliver manufacturers described headwinds We have and continue in the to Demand on Conditions have and continue reduction has summarize, in to both micro not for a cash driving growth, by you. chain. our robust. can the equipment and that can on improve We macro over we especially not results a To certain discuss had revenue regards demand detail. advancing profitability remained and an strategy seen the on to including non-GAAP RFPs solid we year. is and we our more CFO, to supply the execution, business. impact opportunities. major our new foreseeable flow. call to level, our solutions in believe the Ronen trajectory With similar that, turn Stein, Ron, deliver I'll strong, each basis profitable future in to for and quarter over this be the revenue we participating for are Demand for