Audiocodes Ltd (AUDC) Tops Q3 EPS by 7c
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AudioCodes Reports Third Quarter 2018 Results
October 23, 2018 2:00 AM EDTLOD, Israel, Oct. 23, 2018 /PRNewswire/ --
Third Quarter Highlights
Quarterly revenues increased by 13.5% year-over-year to $44.5 million; Quarterly service revenues increased by 10.8% year-over-year to $14.1 million; Revenues related to UC-SIP business increased more than 30% compared to the third quarter of 2017; Quarterly GAAP gross margin was 62.2%; quarterly Non-GAAP gross margin was 62.7%; Quarterly GAAP operating margin was 11.2%; quarterly Non-GAAP operating margin was 13.5%; Quarterly cash flow from operating activities was $3.5 million; Quarterly GAAP net income was $4.1 million, or $0.14 per diluted share; quarterly Non-GAAP net income was $5.8 million, or $0.19 per diluted... More