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About AudioCodes (NASDAQ: AUDC)
AudioCodes Ltd. is a globally recognized provider of advanced communications software, products, and productivity solutions tailored for the modern digital workplace. With a strong focus on enabling enterprises and service providers to build and operate all-IP voice networks, AudioCodes empowers organizations to streamline unified communications (UC), enhance customer experience (CX), and adopt cloud-native technologies. Its innovative product portfolio includes IP phones, session border controllers (SBCs), digital and analog media gateways, multi-service business routers, and AI-driven voice applications.
Core Business Areas
AudioCodes operates at the intersection of unified communications, contact centers, and hosted business services. Leveraging its expertise in voice networking, the company provides solutions that integrate seamlessly with leading platforms like Microsoft Teams. Its offerings are categorized into:
- Unified Communications (UC): Solutions that enable enterprises to deploy and manage all-IP voice networks, including Microsoft Teams-certified devices and services.
- Customer Experience (CX): AI-first omnichannel contact center solutions, such as the Voca Conversational Interaction Center (Voca CIC), which integrate voice, email, and webchat for consistent customer engagement.
- Cloud-Native Services: Managed services like 'AudioCodes Live,' which provide end-to-end voice and collaboration solutions for Microsoft Teams, supporting both Operator Connect and Direct Routing.
- Conversational AI: Advanced AI-powered applications for contact centers, including intelligent call routing, voice analytics, and conversational IVR.
Revenue Model and Market Reach
AudioCodes generates revenue through a combination of direct product sales, subscription-based managed services, and licensing. Its strategic shift towards recurring revenue models, such as SaaS and UCaaS, underscores its commitment to long-term growth and customer retention. Geographically, the company derives the majority of its revenue from the Americas, with additional contributions from Europe, Israel, and the Far East.
Competitive Positioning
In a competitive landscape that includes players like Cisco, Avaya, and Zoom, AudioCodes differentiates itself through its deep integration with Microsoft Teams and its ability to deliver comprehensive, cloud-native communication solutions. Its emphasis on AI-driven productivity tools and omnichannel CX capabilities positions it as a leader in unified communications and customer experience markets.
Strategic Focus
AudioCodes is at the forefront of digital transformation, focusing on:
- Cloud Migration: Facilitating the transition from legacy systems to cloud-based architectures.
- AI Integration: Enhancing UC and CX workflows with conversational AI and analytics.
- Managed Services: Expanding its 'AudioCodes Live' platform to offer scalable, subscription-based solutions.
Why AudioCodes Matters
As enterprises increasingly adopt cloud-based communication platforms, AudioCodes plays a critical role in ensuring seamless integration, enhanced collaboration, and superior customer experiences. Its innovative solutions, trusted by Fortune 500 companies and tier-1 operators, make it a pivotal player in the digital workplace and unified communications ecosystem.
AudioCodes (AUDC) reported its Q4 and full year 2024 financial results. Q4 revenues decreased 3.2% year-over-year to $61.6 million, while full-year revenues slightly declined 0.9% to $242.2 million. However, service revenues showed strong growth, increasing 10.9% in Q4 to $34.2 million and 8.2% for the full year to $130.2 million.
Q4 GAAP net income was $6.8 million ($0.22 per share), while full-year GAAP net income reached $15.3 million ($0.50 per share). The company's Enterprise UCaaS and CX business accounted for 92% of Q4 revenues, with Microsoft business growing 13% in the quarter. The company's ARR reached $65 million, representing 35% year-over-year growth.
AudioCodes declared a semi-annual dividend of 18 cents per share, payable March 6, 2025, and repurchased 634,533 shares for $6.0 million during Q4 2024.
AudioCodes (NASDAQ: AUDC) has launched its new Intelligent Meeting Room solution, integrating AI technology to enhance hybrid meeting experiences. The system features automated meeting summarization powered by generative AI and AudioCodes' Meeting Insights technology, integrated into their RXV series devices.
The solution includes advanced visual AI capabilities such as face detection and speaker tracking, utilizing multiple camera streams to provide comprehensive views of participants and meeting spaces. The automatic summarization feature is activated via the RX-PAD meeting controller console, allowing participants to focus on discussions rather than note-taking.
The company will showcase this technology at ISE 2025 in Barcelona from February 4-7, 2025, at booth 1D170.
AudioCodes (NASDAQ: AUDC) has announced it will release its Fourth Quarter and Full Year 2024 financial results on Tuesday, February 4, 2025, before the NASDAQ market opens. The results will cover the period ended December 31, 2024.
The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. The call will be led by President and CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate by dialing 888-506-0062 (USA) or +1 973-528-0011 (international) or via webcast on AudioCodes' investor website. A replay will be available approximately two hours after the call ends.
AudioCodes (AUDC) reported Q3 2024 results with revenues of $60.2 million, down 2.2% year-over-year. Service revenues increased 6.4% to $32.5 million, representing 53.9% of total revenues. GAAP net income was $2.7 million ($0.09 per share), while Non-GAAP net income was $4.9 million ($0.16 per share). The company's Annual Recurring Revenue (ARR) grew 40% year-over-year to $60 million. During the quarter, AudioCodes repurchased 332,709 shares for $3.6 million and paid a dividend of 18 cents per share.
AudioCodes (NASDAQ: AUDC) has expanded its Meeting Insights solution to support Zoom meetings, in addition to Microsoft Teams. This enhancement provides organizations with a unified meeting intelligence solution across UCaaS platforms, addressing data silo challenges. The solution features AI-powered meeting summaries, action item extraction, cross-platform searchable repository, and real-time transcription. Key capabilities include a unified meeting repository, cross-platform consistency, flexible integration, and enterprise-grade security features including encryption and compliance with GDPR, CPRA, and CCPA regulations. The Zoom-enabled version is immediately available for all customers.
AudioCodes (NASDAQ: AUDC) has announced its reporting date for the Third quarter 2024 financial results. The company will release its results on Wednesday, November 6, 2024, before the market opens on NASDAQ. The results will cover the quarterly period ended September 30, 2024.
A conference call to discuss the Q3 2024 results will be held on the same day at 8:30 a.m. Eastern Time, hosted by Shabtai Adlersberg, President and CEO, and Niran Baruch, CFO. Investors can participate by dialing 888-506-0062 (USA) or +1 973-528-0011 (international) or via webcast on the AudioCodes investor website.
A replay of the call will be available on the investor website approximately two hours after the conference call ends.
AudioCodes' Meeting Insights has won the 'Best Use of AI' category in the UC Awards 2024, recognizing its innovative use of conversational AI to enhance Microsoft Teams meeting management. The solution offers:
- Structured agendas, real-time transcription, and automated notetaking
- Tracking of participant engagement and actionable analytics
- AI-powered analysis of voice and presentation content
- Centralized repository for meeting recordings and transcriptions
Meeting Insights supports better decision-making across all management levels, improving organizational efficiency. It's available as a standalone application or through the AudioCodes Live Platform, a SaaS offering leveraging AI and Azure. Interested customers can try Meeting Insights with a free 30-day trial.
AudioCodes reported second quarter 2024 results, showing a 0.5% year-over-year increase in quarterly revenues to $60.3 million. Service revenues grew by 12.3% to $32 million. GAAP net income was $3.8 million ($0.12 per diluted share), while Non-GAAP net income reached $5.5 million ($0.18 per diluted share). The company's Microsoft Teams business grew 3.3% year-over-year, with Live managed services growing about 35%. Conversational AI business saw over 50% growth. AudioCodes declared a semi-annual dividend of 18 cents per share and continued its share repurchase program, acquiring 116,453 ordinary shares for $1.2 million during the quarter.
AudioCodes (NASDAQ: AUDC), a key provider of advanced communications software and solutions, announced it will release its financial results for Q2 2024 on July 30, 2024, before NASDAQ market opening. The results will cover the period ended June 30, 2024, and will be available on the company's website. A conference call to discuss these results, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch, will occur the same day at 8:30 a.m. Eastern Time. Investors can join via phone or a webcast. A replay will be available on the investor website shortly after the call.
AudioCodes has been ranked as the leading global enterprise session border controller (SBC) vendor for 2023 by Omdia, achieving a 23.1% worldwide revenue share. This marks the third consecutive year AudioCodes has secured the top spot. The company's Mediant SBCs, which support Microsoft Teams, Zoom Phone, and other UCaaS and CCaaS platforms, played a significant role in this achievement. AudioCodes also led the market in Q4 2023 with a 26.8% share. Their SBCs are integral to the AudioCodes Live Platform, an Azure-based service that enhances digital workplace communication through high-quality, secure voice connectivity. AudioCodes' commitment to innovation and customer satisfaction was highlighted as essential to their ongoing success.
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