Audiocodes Ltd (AUDC) Tops Q3 EPS by 2c
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AudioCodes Reports Third Quarter 2015 Results
November 3, 2015 2:30 AM ESTLOD, Israel, Nov. 3, 2015 /PRNewswire/ --
Third Quarter Highlights:
Quarterly revenues increased 5.6% over the previous quarter and decreased 12.1% year-over-year to $34.2 million; Quarterly service revenues increased 15.6% year-over-year to $9.6 million; Quarterly Non-GAAP gross margin was 60.0%; Quarterly Non-GAAP operating expenses decreased by 9.9% year-over-year to $18.7 million; Quarterly cash flow from operating activities was $1.8 million; Quarterly Non-GAAP net income was $1.7 million, or $0.04 per diluted share, compared to Non-GAAP net income of $1.6 million, or $0.04 per diluted share, in the prior year period; AudioCodes repurchased 1.1 million shares of its ordinary... More