Audiocodes Stock Price, News & Analysis

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.

AudioCodes reported strong financial results for Q3 2021, with revenues up 12.1% year-over-year to $63.4 million. Service revenues surged 26.7% to $24.8 million. GAAP net income was $8.3 million ($0.24 per diluted share), while non-GAAP net income was $12.9 million ($0.38 per diluted share). Operating cash flow reached $13 million. Share repurchases during the quarter totaled $13.8 million. The company is optimistic about growth in enterprise and service operations, particularly in UCaaS and Voice.ai, which saw bookings more than double year-over-year.

Telco Systems and AudioCodes have announced the launch of a joint solution aimed at enhancing communication services for enterprises. The solution integrates access, VoIP, and edge computing capabilities into a single device, reducing both capital and operational expenses. Powered by Telco Systems' Edgility, it enables service providers to manage various communications services on one platform, promoting ease of deployment and flexibility. The offering includes a variety of WAN interfaces and is supported by a cloud-based management system for automated deployment.

AudioCodes (NASDAQ: AUDC) has announced that it will release its third quarter 2021 financial results on October 26, 2021, before market opening. The results will reflect the period ending September 30, 2021. A conference call to discuss the results will take place the same day at 8:30 a.m. ET, featuring CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call via phone or live webcast on the company's investor website. The call's replay will be available shortly after it concludes.

AudioCodes reported a 13.2% increase in quarterly revenues, reaching $60.6 million, with service revenues up 32.8% to $22.8 million. GAAP net income was $8.2 million ($0.24 per diluted share), while non-GAAP net income rose to $12.7 million ($0.37 per diluted share). The company generated $17.1 million in net cash from operating activities, with total cash and equivalents at $191.9 million. A dividend of 17 cents per share is payable on August 26, 2021. Share repurchases totaled $7.1 million during the quarter.

AudioCodes (NASDAQ: AUDC) will announce its second-quarter 2021 financial results on July 27, 2021, prior to market opening. This report will cover the period ending June 30, 2021, and can be accessed via news wires and the company’s website. A conference call discussing the results is scheduled for the same day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Interested investors can join the call through phone or webcast. A replay will be available shortly after the call ends.