AudioCodes Reports First Quarter 2019 Results

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Go back to AudioCodes Reports First Quarter 2019 Results

AudioCodes Ltd. (AUDC) Reports Q1 EPS of $0.18, Revenues Beat

April 30, 2019 5:58 AM EDT

AudioCodes Ltd. (NASDAQ: AUDC) reported Q1 EPS of $0.18, versus $0.13 reported last year. Revenue for the quarter came in at $46.6 million versus the consensus estimate of $45.7 million.

Quarterly revenues increased by 9.8% year-over-year to $46.6 million; Quarterly service revenues increased by 3.4% year-over-year to $14.1 million;Quarterly UC-SIP booking increased approximately 15% year-over-year;Quarterly GAAP gross margin percentage was 62.8%; quarterly Non-GAAP gross margin percentage was 63.0%;Quarterly GAAP operating margin percentage was 9.7%; quarterly Non-GAAP operating margin... More