Audiocodes Ltd (AUDC) Reports In-Line Q1 EPS

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Go back to Audiocodes Ltd (AUDC) Reports In-Line Q1 EPS

AudioCodes Reports First Quarter 2017 Results

April 26, 2017 3:00 AM EDT

LOD, Israel, April 26, 2017 /PRNewswire/ --

First Quarter Highlights:

Quarterly revenues increased 7.5% year-over-year to $37.4 million; Quarterly service revenues increased 11.2% year-over-year to $11.4 million; Revenues related to UC-SIP business increased more than 18% compared to the first quarter of 2016; Quarterly GAAP gross margin was a record 62.4%, Quarterly Non-GAAP gross margin was a record 62.9%; Quarterly GAAP operating margin was 5.3%, Quarterly Non-GAAP operating margin was 7.3%; Quarterly cash flow from operating activities was $854,000; Quarterly GAAP net income was $1.3 million, or $0.04 per diluted share, compared to a GAAP net... More