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 $43 million.
Strategic initiatives include the Voca Conversational Interaction Center (CIC), which has seen a surge in customer interest since being certified for Microsoft Teams. This platform, along with other innovative solutions like SmartTAP compliance recording and Meeting Insights workflow productivity application, positions AudioCodes for future growth.
Despite global challenges, including the recent tragic events in Israel, AudioCodes has maintained operational resilience, thanks to its diverse global presence and the dedication of its employees and partners. The company continues to focus on product innovation, particularly in conversational AI, to drive sustainable top-line growth.
For more information, visit the AudioCodes website.
AudioCodes (NASDAQ: AUDC) will release its first quarter 2021 financial results on April 27, 2021, before market open, for the period ending March 31, 2021. A conference call discussing these results will take place on the same day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call via phone or webcast, with a replay available shortly after. The release will be available on the company’s website.
AudioCodes (NASDAQ: AUDC) announced a semi-annual cash dividend of 16 cents per share, totaling approximately US$ 5.3 million. The dividend is payable on March 4, 2021 to shareholders of record as of February 18, 2021. Dividends are subject to a withholding tax of 30% for certain shareholders and 25% for others, in accordance with Israeli tax law. Future dividends will be determined by the Board of Directors.
AudioCodes has launched its SmartTAP 360⁰ Live recording solution as a service for Microsoft Teams. This new addition to the AudioCodes Live portfolio allows organizations to meet compliance and quality management needs while integrating seamlessly with Teams. SmartTAP 360⁰ Live enables efficient recording of voice calls, video sessions, and IM conversations via a pay-as-you-grow model, providing flexibility for enterprises. Certified by Microsoft, it supports the increasing demand for secure and compliant recording alternatives in today's digital workplace, particularly as Teams usage continues to grow.
AudioCodes (NASDAQ: AUDC) announced strong financial results for Q4 and full year 2020. Quarterly revenues grew by 11.1% year-over-year to $58.7 million, with service revenues up 19.9%. Full-year revenues reached $220.8 million, a 10.2% increase from 2019. Net income for Q4 was $8.4 million ($0.24/share), a significant recovery from a net loss of $8.2 million in Q4 2019. Non-GAAP net income stood at $15.2 million ($0.44/share) for Q4. The company also received court approval for share purchases and dividends up to $30 million.
AudioCodes (NASDAQ: AUDC) announced a collaboration with Twilio to provide scalable Direct Routing PSTN connectivity for Microsoft Teams customers. This integration features Twilio's Elastic SIP Trunking service and AudioCodes' Microsoft-certified Mediant session border controllers (SBCs), ensuring interoperability. The SBCs are versatile, offering both hardware and virtualized solutions, and can be deployed in various cloud environments. The streaming solution is available for rapid deployment via Azure Marketplace, promoting efficient, low-cost communication services globally.
AudioCodes (NASDAQ: AUDC) has received court approval to repurchase up to an additional $30 million of its Ordinary Shares, valid until July 19, 2021. The buyback will be funded from available working capital, with the option to declare dividends instead. Purchases may occur in open market transactions or via private negotiations, depending on market conditions. The repurchase program does not mandate the acquisition of a specific number of shares and can be suspended or discontinued at any time.
AudioCodes (NASDAQ: AUDC) has announced that it will release its financial results for the fourth quarter and year-end 2020 on January 26, 2021, before the market opens. A conference call to discuss the results will follow at 8:30 a.m. ET on the same day, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join the call via phone or webcast. The results will be available on the corporate website and through news wires.
AudioCodes reported third-quarter 2020 revenues of $56.6 million, a 10% increase from the previous year. Service revenues rose 19.9% to $19.6 million, while UC-SIP revenues also surged about 20%. GAAP net income was $7.0 million ($0.20 per share), up from $4.4 million a year earlier. Non-GAAP net income was $13.3 million ($0.38 per share), compared to $7.4 million previously. Cash from operations was $10.9 million with total cash and equivalents at $176.4 million as of September 30, 2020.
AudioCodes (NASDAQ: AUDC) announced the release date for its third quarter 2020 financial results, scheduled for October 27, 2020, before the market opens. The results will cover the period ending September 30, 2020, and will be made available through news wires and the corporate website. A conference call will occur on the same date at 8:30 a.m. Eastern Time, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate via phone or webcast. More details are available on AudioCodes' investor site.
AudioCodes (NASDAQ: AUDC) announced enhancements to its Room Experience (RX) suite, designed for Microsoft Teams environments. Key upgrades include the RXV80 audio/video bar and new RXV100-B solution bundles to improve video conferencing experiences for small and medium meeting rooms. The RXV80 is set for general availability in Q4 2020, offering high-quality meeting capabilities. AudioCodes also introduced a productivity tool, Meeting Insights, to enhance the Teams experience during meetings. The company aims to leverage growing demand for effective remote work solutions.
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