Audiocodes Ltd (AUDC) Misses Q2 EPS by 3c; Cuts FY15 Outlook
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July 28, 2015 2:28 AM EDT
LOD, Israel, July 28, 2015 /PRNewswire/ -- AudioCodes (NasdaqGS: AUDC), a leading provider of converged voice solutions, which enables enterprises and service providers to transition to all-IP voice networks, today announced financial results for the second quarter ended June 30, 2015.
Second Quarter Highlights:
Quarterly revenues decreased 13.7% year-over-year to $32.4 million;
Service revenues increased 13.7% year-over-year to $9.3 million from $8.2 million;
Quarterly Non-GAAP gross margin was 59.9%, compared to 60.0% in the prior year period;
Quarterly Non-GAAP operating expenses decreased 4.2% year-over-year to $20.2 million;
Quarterly cash flow from operating activities remained...
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