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

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

AudioCodes Reports First Quarter 2019 Results

April 30, 2019 2:30 AM EDT

LOD, Israel, April 30, 2019 /PRNewswire/ --

First Quarter Highlights

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 percentage was 11.9%; Cash flow from operating activities was $8.3 million; Quarterly GAAP net income was $3.0 million, or $0.10 per diluted share; Quarterly Non-GAAP net income was $5.5 million, or $0.18 per diluted share;  AudioCodes... More