Core Insights - AudioCodes reported its financial results for Q4 and full year 2024, showing a slight decline in overall revenues but growth in service revenues and net income [2][3][5]. Financial Performance - Q4 2024 revenues were $61.6 million, a decrease of 3.2% year-over-year from $63.6 million in Q4 2023, while full year revenues were $242.2 million, down 0.9% from $244.4 million in 2023 [3][8]. - Q4 2024 EBITDA was $5.2 million, down from $7.9 million in Q4 2023, but full year EBITDA increased to $21.1 million from $17.0 million in 2023 [3][4]. - Net income for Q4 2024 was $6.8 million, or $0.22 per diluted share, compared to $3.7 million, or $0.12 per diluted share in Q4 2023. Full year net income rose to $15.3 million, or $0.50 per diluted share, from $8.8 million, or $0.28 per diluted share in 2023 [5][6]. Non-GAAP Metrics - On a Non-GAAP basis, Q4 2024 net income was $11.6 million, or $0.37 per diluted share, compared to $8.9 million, or $0.28 per diluted share in Q4 2023. Full year Non-GAAP net income was $27.3 million, or $0.87 per diluted share, up from $25.0 million, or $0.77 per diluted share in 2023 [6][32]. Revenue Breakdown - Service revenues in Q4 2024 increased by 10.9% year-over-year to $34.2 million, while full year service revenues rose by 8.2% to $130.2 million [8]. - The Enterprise UCaaS and CX business accounted for 92% of revenues in Q4, with Microsoft business growing by 13% in the quarter and 6% for the full year [13][14]. Cash Flow and Shareholder Returns - Net cash provided by operating activities was $15.3 million for Q4 and $35.3 million for the full year 2024 [10][11]. - The company repurchased 634,533 ordinary shares for $6.0 million during Q4 2024 and declared a cash dividend of $0.18 per share, totaling approximately $5.3 million [16][19]. Strategic Outlook - The company expects continued growth in recurring revenue, particularly in its Voice.ai and managed services segments, projecting a 40% to 50% growth in AI business applications for 2025 [14][15].

AudioCodes Ltd. (AUDC) recently announced the launch of the Intelligent Meeting Room solution powered by generative AI capabilities designed to streamline hybrid meeting experiences. Several organizations across industries are adopting hybrid and remote work models to ensure flexibility and improved work-life balance for their workers.However, many organizations are facing a multitude of challenges in ensuring smooth collaboration among on-site and remote employees working in a hybrid setup. Technical issue ...

AudioCodes (AUDC) shares ended the last trading session 6.8% higher at $10.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.6% gain over the past four weeks.AudioCodes is placing strong emphasis on integrating generative AI capabilities across its product suite. The company recently introduced an AI-native intelligent meeting room solution designed to enhance hybrid meeting experience for enterprises across in ...

AI-powered meeting summaries and smart video enhance collaboration and overall organizational productivity OR YEHUDA, Israel, Jan. 13, 2025 /PRNewswire/ -- Highlights AudioCodes Intelligent Meeting Room leverages cutting-edge AI technology to enhance in-person and remote participants' experience while increasing productivity through automated meeting summaries. Generative AI integrated with AudioCodes' meeting room devices automatically creates and shares meeting summaries, freeing up in-room participants ...

OR YEHUDA, Israel, Jan. 6, 2025 /PRNewswire/ --  AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth Quarter and Full Year 2024 on Tuesday, February 4, 2025, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its cor ...

AudioCodes Ltd. (NASDAQ:AUDC) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Roger Chuchen - Vice President, Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President of Finance and Chief Financial Officer Conference Call Participants Ryan Koontz - Needham & Company Billy Fitzsimmons - Jefferies Operator Greetings. Welcome to the AudioCodes Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a ...

Exhibit 1 AudioCodes Press Release | --- | --- | |-----------------------------------------------|------------------------------| | | | | P R E S S R E L E A S E | | | Company Contacts | | | Niran Baruch, | Roger L. Chuchen, | | Chief Financial Officer | VP, Investor Relations | | AudioCodes | AudioCodes | | Tel: +972-3-976-4000 | Tel: 732-764-2552 | | niran.baruch@audiocodes.com | roger.chuchen@audiocodes.com | AudioCodes Reports Third Quarter 2024 Results Or Yehuda, Israel – November 6, 2024 - AudioCodes ...

AudioCodes (AUDC) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36%. A quarter ago, it was expected that this communication components company would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last four quarters, the ...

OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- Third Quarter Highlights Quarterly revenues decreased by 2.2% year-over-year to $60.2 million; Quarterly service revenues increased by 6.4% year-over-year to $32.5 million; GAAP results:- Quarterly GAAP gross margin was 65.2%;- Quarterly GAAP operating margin was 8.1%;- Quarterly GAAP EBITDA was $5.9 million;- Quarterly GAAP net income was $2.7 million, or $0.09 per diluted share.  Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.6%;- Quarterly Non-GA ...

Meeting Insights' support for Microsoft Teams and Zoom unifies recap across UCaaS platforms and empowers enterprise-wide centralized collaboration OR YEHUDA, Israel, Oct. 28, 2024 /PRNewswire/ -- Highlights: Meeting Insights expands support to Zoom meetings, in addition to Microsoft Teams, providing a unified meeting intelligence solution across unified communications as a service (UCaaS) platforms. By supporting both Microsoft Teams and Zoom, Meeting Insights enables organizations to centralize insights fr ...