AudioCodes Reports First Quarter 2020 Results

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Go back to AudioCodes Reports First Quarter 2020 Results

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

April 27, 2020 6:23 AM EDT

AudioCodes Ltd. (NASDAQ: AUDC) reported Q1 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $52 million versus the consensus estimate of $50.85 million.

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... More