Exhibit 1 odes | --- | --- | |-----------------------------|------------------------------| | | AudioCodes Press \nRelease | | 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 Fourth Quarter and Full Year 2023 Results and Declares Semi-Annual Dividend of 18 cents per share Lod, Israel – Februar ...

AudioCodes (AUDC) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. 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 $0.25, delivering a surprise of 38.89%.Over the last four qu ...

Financial Performance - Quarterly revenues increased by 3.2% sequentially to $63.6 million, while full year 2023 revenues decreased by 11.2% to $244.4 million [1][2] - Quarterly service revenues of $30.9 million accounted for 48.6% of total revenues, with full year 2023 service revenues increasing by 8.7% to $120.4 million [1][2] - GAAP net income for the fourth quarter was $3.7 million, or $0.12 per diluted share, compared to $4.3 million, or $0.14 per diluted share in the prior quarter [1][2] - Full year 2023 GAAP net income was $8.8 million, or $0.28 per diluted share, down from $28.5 million, or $0.88 per diluted share in 2022 [2][3] Non-GAAP Results - Non-GAAP net income for the fourth quarter was $8.9 million, or $0.28 per diluted share, compared to $8.3 million, or $0.25 per diluted share in the prior quarter [3] - Full year 2023 Non-GAAP net income was $25.0 million, or $0.77 per diluted share, down from $45 million, or $1.35 per diluted share in 2022 [3] Cash Flow and Shareholder Returns - Net cash provided by operating activities was $9.3 million for the fourth quarter and $14.9 million for the full year [4][5] - The company repurchased 595,583 ordinary shares during the quarter at a total cost of $6.3 million [1][9] - A cash dividend of 18 cents per share was declared, amounting to approximately $5.5 million, payable on March 6, 2024 [10][11] Business Segments and Growth Areas - The enterprise segment accounted for roughly 90% of business in the fourth quarter, with Microsoft-related business growing 5% year-over-year [6] - Teams-related business grew 10% year-over-year, while AudioCodes Live managed services saw an ARR growth of 50% year-over-year, ending the quarter at $48 million [6] - Customer experience (CX) operations grew over 40% year-over-year in the fourth quarter, with conversational AI bookings growing over 50% [7] Operational Efficiency - Non-GAAP gross margin improved to 67.6%, while non-GAAP operating margin reached 16.9% in the quarter [8] - The company is focusing on transitioning to a subscription and recurring sales model, aiming for revenue growth and improved profitability in 2024 [8]

AudioCodes Ltd. (NASDAQ:AUDC) Q3 2023 Earnings Conference Call November 2, 2023 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 MacWilliams - Barclays Gregory Burns - Sidoti & Company Ryan Koontz - Needham & Company Samad Samana - Jefferies Operator Greetings. Welcome to AudioCodes Third Quarter 2023 Earnings Con ...

Exhibit 1 ocodes AudioCodes Press Release Company Contacts Niran Baruch, Chief Financial Officer AudioCodes Tel: +972-3-976-4000 niran.baruch@audiocodes.com Roger L. Chuchen VP, Investor Relations AudioCodes Tel: 732-764-2552 roger.chuchen@audiocodes.com AudioCodes Reports Third Quarter 2023 Results Lod, Israel – November 2, 2023 - AudioCodes (NASDAQ: AUDC) Press Release Third Quarter Highlights · Quarterly revenues increased by 2.6% sequentially to $61.6 million. · Quarterly Service revenues of $30.6 milli ...

AudioCodes Ltd. (NASDAQ:AUDC) Q2 2023 Earnings Conference Call August 1, 2023 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 Mason Marion - Jefferies Gregory Burns - Sidoti & Company Ryan Koontz - Needham & Company Tal Liani - Bank of America Operator Greetings. Welcome to the AudioCodes Second Quarter 2023 Earnings C ...

| --- | --- | --- | |-----------------------------|-----------------------------------------------------|----------------------------| | | | AudioCodes Press Release | | P R E S S R E L E A S E | | EXHIBIT 1 | | 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 | Mobile: 347-752-0780 roger.chuchen@audiocodes.com | | AudioCodes Reports S ...

Earnings Call Supplementary Slides Thispresentationcontainsforward-lookingstatements.Allstatementscontainedinthispresentationotherthanstatementsofhistorical facts, including, without limitation, future financial and business performance for the first quarter 2023, attractiveness of our product offerings and platform and the value proposition of our products, are forward-looking statements. The words “anticipate,” “believe,” “continue,”“estimate,”“expect,”“intend,”“guide,”“may,”“will”andsimilarexpressionsand ...

AudioCodes Ltd. (NASDAQ:AUDC) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Roger Chuchen - Vice President of Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President of Finance and Chief Financial Officer Conference Call Participants Gregory Burns - Sidoti & Company, LLC Mason Marion - Jefferies LLC Tal Liani - Bank of America Merrill Lynch Pete Newton - Barclays Operator Greetings. Welcome to the AudioCodes First Quarter 202 ...

Exhibit 1 AudioCodes Press Release P R E S S R E L E A S E Company Contacts Niran Baruch, Chief Financial Officer AudioCodes Tel: +972-3-976-4000 niran.baruch@audiocodes.com Roger L. Chuchen VP, Investor Relations AudioCodes Tel: 732-764-2552 Mobile: 347-752-0780 roger.chuchen@audiocodes.com AudioCodes Reports First Quarter 2023 Results Lod, Israel – May 9, 2023 - AudioCodes (NASDAQ: AUDC) Press Release First Quarter Highlights · Quarterly revenues decreased by 10.8% year-over-year to $59.2 million; · Quart ...