Audiocodes Ltd (AUDC) Tops Q2 EPS by 5c
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AudioCodes Reports Second Quarter 2018 Results
July 24, 2018 2:09 AM EDTLOD, Israel, July 24, 2018 /PRNewswire/ --
Second Quarter Highlights
Quarterly revenues increased by 12.3% year-over-year to $43.5 million; Quarterly service revenues increased by 14.2% year-over-year to $13.5 million; Revenues related to UC-SIP business increased more than 30% compared to the second quarter of 2017; Quarterly GAAP gross margin was 62.3%; quarterly Non-GAAP gross margin was 62.8%; Quarterly GAAP operating margin was 7.6%; quarterly Non-GAAP operating margin was 10.2%; Quarterly cash flow from operating activities was $2.2 million; Quarterly GAAP net income was $2.4 million, or $0.08 per diluted share; quarterly Non-GAAP net income was $4.1 million, or $0.14 per diluted... More