Welcome to our dedicated page for AudioCodes news (Ticker: AUDC), a resource for investors and traders seeking the latest updates and insights on AudioCodes stock.
AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a premier provider of advanced voice networking and media processing solutions tailored for the digital workplace. The company's offerings enable enterprises and service providers to establish and manage all-IP voice networks, facilitating unified communications, contact centers, and hosted business services.
Founded in Israel, AudioCodes has grown to become a global leader in the field, serving large multinational enterprises and Tier-1 operators worldwide. The company's extensive product portfolio includes IP phones, session border controllers, voice applications, multi-service business routers, and digital and analog media gateways.
AudioCodes generates revenue through direct sales and an extensive network of sales representatives. With a significant presence in Israel, the Americas, Europe, and the Far East, the company derives a substantial portion of its revenues from the Americas segment.
Recent financial highlights include:
- Third quarter 2023 revenues of $61.6 million
- Net income of $4.3 million on a GAAP basis and $8.3 million on a Non-GAAP basis
- Strong cash flow from operations and a robust balance sheet with $102.5 million in cash and equivalents as of September 30, 2023
AudioCodes has made significant strides in the enterprise market, with Microsoft-related business growing 13% year-over-year, and the Microsoft Teams segment up by 21%. The company's AudioCodes Live managed services witnessed a remarkable 50% year-over-year growth in Annual Recurring Revenue (ARR), totaling $43 million.
Strategic initiatives include the Voca Conversational Interaction Center (CIC), which has seen a surge in customer interest since being certified for Microsoft Teams. This platform, along with other innovative solutions like SmartTAP compliance recording and Meeting Insights workflow productivity application, positions AudioCodes for future growth.
Despite global challenges, including the recent tragic events in Israel, AudioCodes has maintained operational resilience, thanks to its diverse global presence and the dedication of its employees and partners. The company continues to focus on product innovation, particularly in conversational AI, to drive sustainable top-line growth.
For more information, visit the AudioCodes website.
AudioCodes (NASDAQ: AUDC) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2022. The report includes audited financial statements and can be accessed on the company’s website or requested in hard copy. The company specializes in advanced communications software and productivity solutions, serving enterprises and service providers globally. The filing represents a standard regulatory compliance step and allows investors to review AudioCodes' financial performance details.
AudioCodes (NASDAQ: AUDC) announced it will release its financial results for the first quarter of 2023 on May 9, 2023, before the market opens. The report will cover the period ending March 31, 2023, and will be disseminated via news wires and posted on the company's website.
A conference call is scheduled on the same day at 8:30 a.m. ET to discuss these results, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate by phone or through a webcast. The replay will be available shortly after the call concludes.
AudioCodes provides advanced communications solutions for enterprises, specializing in IP voice networks, and serves multinational clients and tier-1 operators globally.
AudioCodes (NASDAQ: AUDC) announced that its first-quarter revenues for 2023 are projected to be lower than previous estimates, expected to range between
Non-GAAP diluted net income per share is anticipated to be between
AudioCodes reported a 6.9% year-over-year increase in Q4 2022 revenues, totaling $70.7 million, and a full-year revenue growth of 10.5% to $275.1 million. Q4 net income was $7.5 million ($0.23 per diluted share), slightly up from $7.3 million in Q4 2021. Non-GAAP net income for the quarter was $11.9 million ($0.36 per diluted share). The company declared an 18 cents per share cash dividend, totaling $5.7 million, payable on March 7, 2023. The share repurchase program saw the acquisition of 145,380 shares at a cost of $2.9 million.
AudioCodes (NASDAQ: AUDC) announced its plan to release Q4 and full-year 2022 financial results on February 7, 2023, before NASDAQ market opens. The results will reflect the period ending December 30, 2022. A conference call will take place the same day at 8:30 a.m. Eastern Time, featuring CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join via phone or webcast. This announcement underscores the company's commitment to transparency and shareholder engagement in its financial performance.
AudioCodes (NASDAQ: AUDC) reported a 10% year-over-year increase in revenues, totaling $69.7 million for Q3 2022. Service revenues also rose by 8.2% to $26.8 million. GAAP net income decreased to $5.4 million ($0.17 per diluted share), down from $8.3 million ($0.24) in Q3 2021. Non-GAAP net income fell to $10.5 million ($0.32), compared to $12.9 million ($0.38) in the prior year. The company declared a dividend of $0.18 per share, totaling $5.7 million. Despite seasonal softness in the CX business, growth in UCaaS, particularly tied to Microsoft Teams, remains strong.
AudioCodes (NASDAQ: AUDC) announced it will release its Third Quarter 2022 financial results on November 2, 2022, before the market opens. The results will cover the period ending September 30, 2022, and will be available via news wires and on their corporate website. A conference call is scheduled for 8:30 a.m. ET on the same day, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join the call through phone or webcast. The company emphasizes its commitment to advanced communication solutions for digital workplaces.
AudioCodes reported a 12.9% increase in quarterly revenues to $68.4 million for Q2 2022, driven by a 21.9% rise in service revenues. GAAP net income stood at $6.9 million, or $0.21 per diluted share, down from $8.2 million in Q2 2021. Non-GAAP net income was $11.3 million, or $0.34 per diluted share. The company announced a cash dividend of 18 cents per share, payable on August 31, 2022, with a total dividend payout of $5.7 million.
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