AudioCodes (AUDC) PT Raised to $8 at Needham & Company
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AudioCodes Reports Fourth Quarter and Full Year 2016 Results
January 31, 2017 3:00 AM ESTLOD, Israel, Jan. 31, 2017 /PRNewswire/ --
Fourth Quarter and Full Year 2016 Highlights:
Quarterly revenues were $37.8 million, 5.9% over last year's comparable quarter; full 2016 year revenues totaled $145.6 million compared to $139.8 million in 2015; Quarterly service revenues were $11.4 million, 14.6% over last year's comparable quarter; full 2016 year service revenues totaled $43.3 million compared to $37.8 million in 2015; Revenues related to UC-SIP business increased more than 20% compared to the fourth quarter of 2015; Quarterly GAAP gross margin was 60.9%, Quarterly Non-GAAP gross margin was 61.5%; Quarterly GAAP operating margin was 9.5%, Quarterly Non-GAAP operating margin was 7.7%; Quarterly GAAP net... More