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 (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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.