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 (AUDC) reported Q3 2024 results with revenues of $60.2 million, down 2.2% year-over-year. Service revenues increased 6.4% to $32.5 million, representing 53.9% of total revenues. GAAP net income was $2.7 million ($0.09 per share), while Non-GAAP net income was $4.9 million ($0.16 per share). The company's Annual Recurring Revenue (ARR) grew 40% year-over-year to $60 million. During the quarter, AudioCodes repurchased 332,709 shares for $3.6 million and paid a dividend of 18 cents per share.
AudioCodes (NASDAQ: AUDC) has expanded its Meeting Insights solution to support Zoom meetings, in addition to Microsoft Teams. This enhancement provides organizations with a unified meeting intelligence solution across UCaaS platforms, addressing data silo challenges. The solution features AI-powered meeting summaries, action item extraction, cross-platform searchable repository, and real-time transcription. Key capabilities include a unified meeting repository, cross-platform consistency, flexible integration, and enterprise-grade security features including encryption and compliance with GDPR, CPRA, and CCPA regulations. The Zoom-enabled version is immediately available for all customers.
AudioCodes (NASDAQ: AUDC) has announced its reporting date for the Third quarter 2024 financial results. The company will release its results on Wednesday, November 6, 2024, before the market opens on NASDAQ. The results will cover the quarterly period ended September 30, 2024.
A conference call to discuss the Q3 2024 results will be held on the same day at 8:30 a.m. Eastern Time, hosted by Shabtai Adlersberg, President and CEO, and Niran Baruch, CFO. Investors can participate by dialing 888-506-0062 (USA) or +1 973-528-0011 (international) or via webcast on the AudioCodes investor website.
A replay of the call will be available on the investor website approximately two hours after the conference call ends.
AudioCodes' Meeting Insights has won the 'Best Use of AI' category in the UC Awards 2024, recognizing its innovative use of conversational AI to enhance Microsoft Teams meeting management. The solution offers:
- Structured agendas, real-time transcription, and automated notetaking
- Tracking of participant engagement and actionable analytics
- AI-powered analysis of voice and presentation content
- Centralized repository for meeting recordings and transcriptions
Meeting Insights supports better decision-making across all management levels, improving organizational efficiency. It's available as a standalone application or through the AudioCodes Live Platform, a SaaS offering leveraging AI and Azure. Interested customers can try Meeting Insights with a free 30-day trial.
AudioCodes reported second quarter 2024 results, showing a 0.5% year-over-year increase in quarterly revenues to $60.3 million. Service revenues grew by 12.3% to $32 million. GAAP net income was $3.8 million ($0.12 per diluted share), while Non-GAAP net income reached $5.5 million ($0.18 per diluted share). The company's Microsoft Teams business grew 3.3% year-over-year, with Live managed services growing about 35%. Conversational AI business saw over 50% growth. AudioCodes declared a semi-annual dividend of 18 cents per share and continued its share repurchase program, acquiring 116,453 ordinary shares for $1.2 million during the quarter.
AudioCodes (NASDAQ: AUDC), a key provider of advanced communications software and solutions, announced it will release its financial results for Q2 2024 on July 30, 2024, before NASDAQ market opening. The results will cover the period ended June 30, 2024, and will be available on the company's website. A conference call to discuss these results, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch, will occur the same day at 8:30 a.m. Eastern Time. Investors can join via phone or a webcast. A replay will be available on the investor website shortly after the call.
AudioCodes has been ranked as the leading global enterprise session border controller (SBC) vendor for 2023 by Omdia, achieving a 23.1% worldwide revenue share. This marks the third consecutive year AudioCodes has secured the top spot. The company's Mediant SBCs, which support Microsoft Teams, Zoom Phone, and other UCaaS and CCaaS platforms, played a significant role in this achievement. AudioCodes also led the market in Q4 2023 with a 26.8% share. Their SBCs are integral to the AudioCodes Live Platform, an Azure-based service that enhances digital workplace communication through high-quality, secure voice connectivity. AudioCodes' commitment to innovation and customer satisfaction was highlighted as essential to their ongoing success.
AudioCodes reported its first quarter 2024 results, showing a 1.5% increase in quarterly revenues to $60.1 million. The company's GAAP net income was $2.1 million, with a non-GAAP net income of $5.2 million. AudioCodes declared a cash dividend of 18 cents per share and repurchased 301,937 of its ordinary shares. Despite revenue headwinds from declining legacy business and a shift to recurring revenue model, the company experienced growth in key business lines such as Microsoft Teams, voice services for CX, and conversational AI applications.
FAQ
What is the current stock price of Audiocodes (AUDC)?
What is the market cap of Audiocodes (AUDC)?
