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.
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 (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.
AudioCodes (NASDAQ: AUDC) will announce its Second Quarter 2022 financial results on August 2, 2022, before the market opens. The results will cover the period ending on June 30, 2022. A conference call for discussing the results will occur on the same day at 8:30 a.m. ET, hosted by AudioCodes' leadership team. Investors can access the call via phone or webcast. Forward-looking statements regarding business outlook are included, highlighting risks and uncertainties affecting future performance.
AudioCodes (NASDAQ: AUDC) reported a strong first quarter for 2022, with revenues of $66.4 million, up 12.8% year-over-year. Service revenues increased significantly by 26.2% to $27.5 million. The GAAP net income was $8.6 million, translating to $0.26 per diluted share. Non-GAAP net income was $11.2 million or $0.33 per diluted share. Cash provided by operations was $938,000, while $20.9 million was spent on share repurchases. AudioCodes declared an 18-cent cash dividend, totaling $5.8 million, paid to shareholders on March 1, 2022.
AudioCodes has been approved as a partner for Microsoft's Operator Connect Accelerator, enhancing service providers' onboarding and operations. The AudioCodes Live Cloud is a multi-tenant, white label SaaS solution that simplifies customer connectivity to Microsoft Teams via Operator Connect and Direct Routing. It exceeds Microsoft's SLA and quality metrics, streamlining the certification process for service providers. This flexible solution includes session border controllers and is available as a managed service or pure SaaS model.
AudioCodes (NASDAQ: AUDC) announced the release of its First Quarter 2022 financial results on May 2, 2022, before the market opens. The results will cover the period ending March 31, 2022. Following this, at 8:30 a.m. ET, a conference call will be held, led by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the live call at the provided phone numbers or through the investor website. A replay will be available two hours post-call. For more details, please visit AudioCodes' corporate website.
AudioCodes has introduced Live Express, a new SaaS solution enhancing partners' management of Microsoft Teams connectivity to the PSTN. This service simplifies onboarding with Direct Routing and includes a portal for end customers to manage their connectivity. Live Express aims to reduce infrastructure costs while providing automated management tools for daily operations. It is available across multiple global regions, allowing partners to offer Microsoft Teams voice calling without significant investment.
AudioCodes, a leader in advanced communication solutions, has been recognized by Omdia as the top vendor for enterprise session border controllers (SBCs) with an 18.5% market share in 2021. This achievement reflects AudioCodes' robust performance in the SBC sector, driven by the growth of unified communication services such as Microsoft Teams and Zoom Phone. Their Mediant SBCs facilitate seamless, secure communication while supporting a range of cloud and on-premises deployments, demonstrating a strong alignment with current market demands.
AudioCodes (NASDAQ: AUDC) has partnered with Colt to deliver Microsoft Operator Connect, enhancing Colt's existing Direct Routing solution. This collaboration utilizes AudioCodes Live Cloud for a multi-tenant management portal aimed at streamlining customer onboarding. Colt customers can now select Colt as an operator in Microsoft Teams, with services supported by 24/7 monitoring and direct peering through Microsoft Azure for improved reliability. This strategic partnership aims to boost productivity for enterprises in the hybrid work environment.
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