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) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2022. The report includes audited financial statements and can be accessed on the company’s website or requested in hard copy. The company specializes in advanced communications software and productivity solutions, serving enterprises and service providers globally. The filing represents a standard regulatory compliance step and allows investors to review AudioCodes' financial performance details.
AudioCodes (NASDAQ: AUDC) announced it will release its financial results for the first quarter of 2023 on May 9, 2023, before the market opens. The report will cover the period ending March 31, 2023, and will be disseminated via news wires and posted on the company's website.
A conference call is scheduled on the same day at 8:30 a.m. ET to discuss these results, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate by phone or through a webcast. The replay will be available shortly after the call concludes.
AudioCodes provides advanced communications solutions for enterprises, specializing in IP voice networks, and serves multinational clients and tier-1 operators globally.
AudioCodes (NASDAQ: AUDC) announced that its first-quarter revenues for 2023 are projected to be lower than previous estimates, expected to range between $58.5 million and $60 million, representing a 10% to 12% decline compared to Q1 2022.
Non-GAAP diluted net income per share is anticipated to be between $0.07 and $0.09, with net cash from operating activities estimated at $2 million to $3 million. The CEO, Shabtai Adlersberg, noted that financial results were affected by global economic uncertainty and reduced demand, particularly in the EMEA region, and indicated plans to revise 2023 guidance during the upcoming financial results call on May 9, 2023.
AudioCodes reported a 6.9% year-over-year increase in Q4 2022 revenues, totaling $70.7 million, and a full-year revenue growth of 10.5% to $275.1 million. Q4 net income was $7.5 million ($0.23 per diluted share), slightly up from $7.3 million in Q4 2021. Non-GAAP net income for the quarter was $11.9 million ($0.36 per diluted share). The company declared an 18 cents per share cash dividend, totaling $5.7 million, payable on March 7, 2023. The share repurchase program saw the acquisition of 145,380 shares at a cost of $2.9 million.
AudioCodes (NASDAQ: AUDC) announced its plan to release Q4 and full-year 2022 financial results on February 7, 2023, before NASDAQ market opens. The results will reflect the period ending December 30, 2022. A conference call will take place the same day at 8:30 a.m. Eastern Time, featuring CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join via phone or webcast. This announcement underscores the company's commitment to transparency and shareholder engagement in its financial performance.
AudioCodes (NASDAQ: AUDC) reported a 10% year-over-year increase in revenues, totaling $69.7 million for Q3 2022. Service revenues also rose by 8.2% to $26.8 million. GAAP net income decreased to $5.4 million ($0.17 per diluted share), down from $8.3 million ($0.24) in Q3 2021. Non-GAAP net income fell to $10.5 million ($0.32), compared to $12.9 million ($0.38) in the prior year. The company declared a dividend of $0.18 per share, totaling $5.7 million. Despite seasonal softness in the CX business, growth in UCaaS, particularly tied to Microsoft Teams, remains strong.
AudioCodes (NASDAQ: AUDC) announced it will release its Third Quarter 2022 financial results on November 2, 2022, before the market opens. The results will cover the period ending September 30, 2022, and will be available via news wires and on their corporate website. A conference call is scheduled for 8:30 a.m. ET on the same day, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join the call through phone or webcast. The company emphasizes its commitment to advanced communication solutions for digital workplaces.
AudioCodes reported a 12.9% increase in quarterly revenues to $68.4 million for Q2 2022, driven by a 21.9% rise in service revenues. GAAP net income stood at $6.9 million, or $0.21 per diluted share, down from $8.2 million in Q2 2021. Non-GAAP net income was $11.3 million, or $0.34 per diluted share. The company announced a cash dividend of 18 cents per share, payable on August 31, 2022, with a total dividend payout of $5.7 million.
AudioCodes (NASDAQ: AUDC) will announce its Second Quarter 2022 financial results on August 2, 2022, before the market opens. The results will cover the period ending on June 30, 2022. A conference call for discussing the results will occur on the same day at 8:30 a.m. ET, hosted by AudioCodes' leadership team. Investors can access the call via phone or webcast. Forward-looking statements regarding business outlook are included, highlighting risks and uncertainties affecting future performance.
AudioCodes (NASDAQ: AUDC) reported a strong first quarter for 2022, with revenues of $66.4 million, up 12.8% year-over-year. Service revenues increased significantly by 26.2% to $27.5 million. The GAAP net income was $8.6 million, translating to $0.26 per diluted share. Non-GAAP net income was $11.2 million or $0.33 per diluted share. Cash provided by operations was $938,000, while $20.9 million was spent on share repurchases. AudioCodes declared an 18-cent cash dividend, totaling $5.8 million, paid to shareholders on March 1, 2022.