Audiocodes Ltd (AUDC) Reports In-Line Q2 EPS

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Go back to Audiocodes Ltd (AUDC) Reports In-Line Q2 EPS

AudioCodes Reports Second Quarter 2017 Results

July 26, 2017 2:00 AM EDT

LOD, Israel, July 26, 2017 /PRNewswire/ --

Second Quarter Highlights:

Quarterly revenues increased by 8.0% year-over-year to $38.7 million; Quarterly service revenues increased by 13.8% year-over-year to $11.8 million; Quarterly UC-SIP revenues increased more than 15% year-over-year; Quarterly GAAP gross margin was 61.4%, quarterly Non-GAAP gross margin was 61.9%; Quarterly GAAP operating margin was 4.8%, Quarterly Non-GAAP operating margin was 6.9%; Quarterly cash flow from operating activities was $2.4 million; Quarterly GAAP net income was $1.0 million, or $0.03 per diluted share, compared to $721,000, or 0.02 per diluted share, in the prior year period; Quarterly Non-GAAP... More