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. reports developments in enterprise voice, contact center and VoiceAI business solutions for enterprises and service providers. Company news commonly covers quarterly and annual results, services revenue, recurring revenue from the Live family of managed services, and growth in conversational AI offerings.
Product updates include voice connectivity, unified communications and contact center integration, certified voice solutions for Webex Calling, SBCs, MediaPack analog gateways, 400HD business IP phones, and cloud or on-premise VoiceAI applications. Recurring announcements also cover Voca CIC, Voice AI Connect, Live Hub, Meeting Insights, share buybacks and cash dividends.
AudioCodes reported strong financial results for Q2 2020, with revenues of $53.5 million, an 8.1% increase year-over-year. Service revenues reached $17.1 million, up 3%. GAAP net income was $6.6 million ($0.21 per diluted share), while non-GAAP net income rose to $10.5 million ($0.32 per diluted share). Operating cash flow stood at $10.7 million. The company raised $85.4 million through a public offering, enhancing liquidity to $170.4 million in cash and equivalents. Notably, revenues from Microsoft Teams grew over 300% year-over-year.
AudioCodes (NASDAQ: AUDC), a leader in advanced communications solutions, will announce its second quarter 2020 financial results on July 28, 2020, before market open. The results for the quarter ending June 30, 2020 will be made available via news wires and on its corporate website. A live conference call will take place that day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call by phone or through a webcast on AudioCodes' investor site.
AudioCodes (NASDAQ: AUDC) reported a significant achievement in Omdia's Q1 2020 report, with a 24% year-over-year growth in session border controller (SBC) revenues, making it the fastest-growing vendor in the market. The company holds a 17% market share among SBC vendors, ranking second overall. AudioCodes’ SBC solutions are essential for Microsoft Teams Direct Routing, all-IP migration, and secure remote work.This growth reflects increasing demand for AudioCodes' products in the evolving digital workplace.