Ribbon Communications Inc. (NASDAQ:RBBN) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET
Company Participants
Joni Roberts - Senior Vice President & Chief Marketing Officer
Bruce McClelland - President, Chief Executive Officer & Director
Miguel Lopez - Executive Vice President & Chief Financial Officer
Conference Call Participants
Michael Genovese - Rosenblatt Securities
Christian Schwab - Craig-Hallum
Tim Savageaux - Northland Capital Markets
Dave Kang - B. Riley Securities
Trevor Walsh - JMP Securities
Operator
Greetings and welcome to the Ribbon Communications Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Joni Roberts. Thank you. You may begin.
Joni Roberts
Good afternoon and welcome to Ribbon's second quarter 2024 financial results conference call. I'm Joni Roberts, Chief Marketing Officer at Ribbon Communications. Also on the call today is Bruce McClelland, Ribbon's Chief Executive Officer; and Mick Lopez, Ribbon's Chief Financial Officer.
Today's call is being webcast live and will be archived on the Investor Relations section of our website rbbn.com, where both our press release and supplemental slides are currently available. Certain matters we'll be discussing today, including the business outlook and financial projections for third quarter of 2024 and beyond, are forward-looking statements. Such statements are subject to the risks and uncertainties that could cause actual results to differ materially from those contained in these forward-looking statements. These risks and uncertainties are discussed in our documents filed with the SEC, including our most recent Form 10-K. I refer you to our safe harbor statement included in the supplemental financial information posted on our website. In addition, we'll present non-GAAP financial information on this call. Reconciliations to the applicable GAAP measure are included in the earnings press release we issued earlier today as well as the supplemental financial information we prepared for this conference call which again are both available on the Investor Relations section of our website.
Now, I'd like to turn the call over to Bruce. Bruce?
Bruce McClelland
Great. Thanks, Joni. Good afternoon, everyone and thanks for joining us today to discuss our Q2 results and outlook for the rest of the year. I'd like to start this afternoon with a short recap on the progress we've made over the last 18 months executing against our strategic goals and improving the foundation of the company.
In early 2023, we initiated the final phase of integration of the ECI acquisition by restructuring the organization and integrating common functions such as R&D, operations, customer support and deployment services. This allowed us to capture significant savings and better execute on programs that leverage products and technologies from both our business units, such as the significant investment being made in expanding broadband to more rural regions across the U.S. that will only accelerate with the $42 billion allocated in the Inflation Reduction Act for Rural Broadband.