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AudioCodes +11.5% post Q3 results

Published 10/23/2018, 10:52 AM
© Reuters.  AudioCodes +11.5% post Q3 results
  • AudioCodes (AUDC +11.5%) trades up 11.5% after reporting Q3 revenue growth of 13.5% Y/Y to $44.52M.
  • Service revenues increased by 10.8%Y/Y to $14.1M & revenues related to UC-SIP business increased more than 30% Y/Y.
  • Adj. gross margin was 62.7%.
  • Adj. operating margin was 13.5%.
  • Repurchased ~133K of its ordinary shares at an aggregate cost of $1.1M.
  • Declared an annual cash dividend of 0.20/share, in the aggregate amount of $5.8M, was paid on August 20, 2018.
  • Previously: AudioCodes beats by $0.07, beats on revenue (Oct. 23 2018)
  • Now read: Not So Revolutionary Thinking

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