AudioCodes Reports Fourth Quarter and Full Year 2019 Results
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AudioCodes Ltd. (AUDC) Tops Q4 EPS by 2c, Revenues Beat
January 28, 2020 6:16 AM ESTAudioCodes Ltd. (NASDAQ: AUDC) reported Q4 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $52.8 million versus the consensus estimate of $51.95 million.
Fourth Quarter and Full Year 2019 Highlights
Quarterly revenues increased by 15.3% year-over-year to $52.8 million; full 2019 year revenues increased by 13.7% to $200.3 million;Quarterly service revenues increased by 15.9% year-over-year to $17.5 million; full 2019 year service revenues increased by 14.7% to $64.6 million;Quarterly and full 2019 year UC-SIP revenues increased more than 20% year-over-year;AudioCodes entered into a royalty buyout agreement with the Israel National Authority for Technology and... More