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 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.
AudioCodes has been approved as a partner for Microsoft's Operator Connect Accelerator, enhancing service providers' onboarding and operations. The AudioCodes Live Cloud is a multi-tenant, white label SaaS solution that simplifies customer connectivity to Microsoft Teams via Operator Connect and Direct Routing. It exceeds Microsoft's SLA and quality metrics, streamlining the certification process for service providers. This flexible solution includes session border controllers and is available as a managed service or pure SaaS model.
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.