Audiocodes Stock Price, News & Analysis

AudioCodes (NASDAQ: AUDC) announced the release of its First Quarter 2022 financial results on May 2, 2022, before the market opens. The results will cover the period ending March 31, 2022. Following this, at 8:30 a.m. ET, a conference call will be held, led by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the live call at the provided phone numbers or through the investor website. A replay will be available two hours post-call. For more details, please visit AudioCodes' corporate website.

AudioCodes has introduced Live Express, a new SaaS solution enhancing partners' management of Microsoft Teams connectivity to the PSTN. This service simplifies onboarding with Direct Routing and includes a portal for end customers to manage their connectivity. Live Express aims to reduce infrastructure costs while providing automated management tools for daily operations. It is available across multiple global regions, allowing partners to offer Microsoft Teams voice calling without significant investment.

AudioCodes, a leader in advanced communication solutions, has been recognized by Omdia as the top vendor for enterprise session border controllers (SBCs) with an 18.5% market share in 2021. This achievement reflects AudioCodes' robust performance in the SBC sector, driven by the growth of unified communication services such as Microsoft Teams and Zoom Phone. Their Mediant SBCs facilitate seamless, secure communication while supporting a range of cloud and on-premises deployments, demonstrating a strong alignment with current market demands.

AudioCodes (NASDAQ: AUDC) has partnered with Colt to deliver Microsoft Operator Connect, enhancing Colt's existing Direct Routing solution. This collaboration utilizes AudioCodes Live Cloud for a multi-tenant management portal aimed at streamlining customer onboarding. Colt customers can now select Colt as an operator in Microsoft Teams, with services supported by 24/7 monitoring and direct peering through Microsoft Azure for improved reliability. This strategic partnership aims to boost productivity for enterprises in the hybrid work environment.

AudioCodes reported a strong financial performance for Q4 and the full year 2021, with revenues rising by 12.7% year-over-year to $66.1 million in Q4 and $248.9 million for the full year. Service revenues saw a remarkable increase of 24.4% to $93.8 million. GAAP net income for Q4 was $7.3 million ($0.22 per share), while full-year net income reached $33.8 million ($1.00 per share). The company declared a $0.18 dividend per share, totaling $5.8 million, payable on March 1, 2022.

AudioCodes (NASDAQ: AUDC) has appointed Dmitry Netis as Chief Strategy Officer, effective immediately. With 25 years in the tech sector and extensive experience in Wall Street investment banking, Mr. Netis will oversee Corporate Development and M&A initiatives. He is expected to enhance strategic partnerships in Unified Communications and Customer Experience markets. CEO Shabtai Adlersberg emphasized Mr. Netis's valuable global network and expertise. Netis expressed excitement about joining AudioCodes as cloud communications become integral to digital transformation.

AudioCodes announced enhancements to its Live Cloud offering, including Microsoft Operator Connect integration and a multi-tier customer portal. This SaaS solution allows service providers to onboard customers to Microsoft Teams voice services easily. The platform supports both Direct Routing and Operator Connect, enhancing flexibility and operational efficiency for service providers. With certified session border controllers, AudioCodes ensures high-quality voice connectivity and offers additional productivity tools, improving the overall customer experience.

AudioCodes (NASDAQ: AUDC) announced it will release its financial results for Q4 and full year 2021 on February 1, 2022, before market open. The results reflect the period ending December 31, 2021. A conference call will be held on the same day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call via phone or webcast. The results will be available on the corporate website. AudioCodes specializes in advanced communications software and solutions for the digital workplace.

AudioCodes, a vendor of advanced communications solutions, has acquired Callverso, a provider of conversational AI and NLU technology for contact centers. This strategic acquisition aims to enhance AudioCodes' Voice.ai portfolio, significantly improving customer experience and reducing operational costs for contact centers. Callverso's virtual customer agent (VICA) has successfully processed over 14 million calls and is integrated into major Israeli healthcare and utility providers. The transaction, closed on November 10, 2021, includes a cash component and earn-out based on sales targets.