Audiocodes Ltd (AUDC) Reports In-Line Q1 EPS; Trims FY15 Outlook
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AudioCodes Reports First Quarter 2015 Results
April 28, 2015 1:50 AM EDTLOD, Israel, April 28, 2015 /PRNewswire/ -- AudioCodes (NasdaqGS: AUDC) Press Release
AudioCodes, a leading provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks, today announced financial results for the first quarter ended March 31, 2015.
First Quarter Highlights:
Quarterly revenues increased 4.3% year-over-year to $37.5 million Quarterly networking product and service revenues increased 7.3% year-over-year to $33.1 million Quarterly service revenues increased 20.2% year-over-year to $8.9 million from $7.4 million Quarterly Non-GAAP gross margin improved to 59.7% from 59.5% in the prior year period... More