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Stock impact report

AudioCodes Reports Third Quarter 2024 Results

AudioCodes Ltd. - Ordinary Shares (AUDC) 
Last audiocodes ltd. - ordinary shares earnings: 7/24 02:09 am Check Earnings Report
Company Research Source: PR Newswire
OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- Third Quarter HighlightsQuarterly 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-GAAP operating margin was 11.7%;- Quarterly Non-GAAP EBITDA was $7.9 million;- Quarterly Non-GAAP net income was $4.9 million, or $0.16 per diluted share.Net cash provided by operating activities was $7.9 million for the quarter.AudioCodes repurchased 332,709 of its ordinary shares during the quarter at an aggregate cost of $3.6 million.DetailsAudioCodes (NASDAQ: AUDC), a leading provider of unified communications voice, contact center and conversational AI applications and services for e Show less Read more
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