Audiocodes Ltd (AUDC) Tops Q4 EPS by 1c

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AudioCodes Reports Fourth Quarter and Full Year 2017 Results

January 24, 2018 2:26 AM EST

LOD, Israel, Jan. 24, 2018 /PRNewswire/ --

Fourth Quarter and Full Year 2017 Highlights

        Quarterly revenues increased by 9.7% year-over-year to $41.4 million; full 2017 year revenues were $156.7 million compared to $145.6 million in 2016;         Quarterly service revenues increased by 17.4% year-over-year to $13.4 million; full 2017 year service revenues were $49.3 million compared to $43.3 million in 2016;         Quarterly UC-SIP revenues increased more than 15% year-over-year;         Quarterly GAAP gross margin was 63.1%; quarterly Non-GAAP gross margin was 63.6%;         Quarterly GAAP operating margin was 7.8%; quarterly Non-GAAP operating margin was 9.7%;         Cash flow from operating activities was $8.4 million for the quarter and $17.8 million for the full year;         Quarterly GAAP net... More