AudioCodes Ltd. (AUDC) Tops Q1 EPS by 2c, Revenues Beat

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Go back to AudioCodes Ltd. (AUDC) Tops Q1 EPS by 2c, Revenues Beat

AudioCodes Reports First Quarter 2020 Results

April 27, 2020 2:14 AM EDT

LOD, Israel, April 27, 2020 First Quarter Highlights

Quarterly revenues increased by 11.7% year-over-year to $52.0 million;  Quarterly service revenues increased by 25.2% year-over-year to $17.7 million; Quarterly UC-SIP revenues increased more than 20% year-over-year;GAAP results: Quarterly GAAP gross margin percentage was 65.9%;  Quarterly GAAP operating margin percentage was 11.8%; Quarterly GAAP net income was $5.3 million, or $0.17 per diluted share;Non-GAAP results: Quarterly Non-GAAP gross margin percentage was 66.1%; Quarterly Non-GAAP operating margin percentage was 15.2%; Quarterly Non-GAAP net income was $7.8... More