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. (AUDC) specializes in advanced voice networking and unified communications solutions for modern enterprises. This page provides investors and industry professionals with centralized access to official company announcements and market-moving developments.
Track comprehensive updates including quarterly earnings reports, product innovation announcements, and strategic partnership disclosures. Our curated feed ensures timely access to financial filings, technology launches, and operational updates relevant to AudioCodes' position in voice-enabled cloud communications.
Key focus areas mirror AudioCodes' core competencies: IP telephony advancements, contact center solutions, and Microsoft Teams integration developments. Stay informed about regulatory filings, executive leadership updates, and market expansion initiatives through verified primary sources.
Bookmark this page for efficient monitoring of AudioCodes' progress in delivering voice communication infrastructure and enterprise collaboration tools across global markets.
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.
AudioCodes (NASDAQ: AUDC) has been chosen by Enablis, a provider of secure communication services in Australia and New Zealand, to deliver voice calling solutions for mid-enterprise customers. Utilizing AudioCodes Live Cloud for Microsoft Teams, Enablis will facilitate the transition of users to Microsoft Teams' unified communications. This partnership enables Enablis to offer two service tiers: Hosted Essentials and Hosted Pro, aimed at simplifying customer onboarding and management. This selection positions AudioCodes as a key player in the growing UCaaS market.
AudioCodes (NASDAQ: AUDC) announced a semi-annual cash dividend of 14 cents per share, totaling approximately US$4.6 million. The dividend will be paid on September 1, 2020, to shareholders on record as of August 17, 2020. The company received Israeli court approval to declare dividends up to US$10 million through February 3, 2021. The dividend is subject to a 25% withholding tax, with a 30% rate for substantial shareholders. The Board will determine future dividends.
