Headquartered in Park Naimi Building A, Or Yehuda Fiscal year ends December NASDAQ: AUDC audiocodes.com
AudioCodes Ltd. (NASDAQ: AUDC; TASE: AUDC) provides enterprise voice and VoiceAI business solutions.
Its portfolio spans three areas:
- Voice connectivity, including Mediant session border controllers and gateways and MediaPack.
- Unified communications and contact center integration, with a strong focus on the Microsoft Teams ecosystem, including the Voca CIC Teams-certified contact center.
- Voice AI applications, including VoiceAI Connect, Live Hub, Meeting Insights and Mia Edge meeting intelligence, and SmartTAP recording.
The company sells both products and services. Services, which include the Live suite of managed services for UCaaS and CX, now make up the majority of revenue. AudioCodes is repositioning itself as a voice AI-driven cloud software and services company.
Its UCaaS and CX connectivity business accounts for more than 85% of overall business. The company reports more than 30 years of experience and says it serves 65 of the Fortune 100. It returns capital through ongoing share repurchases and semi-annual cash dividends. Updated
Services revenue rose 19.9% to $37.1 million while product sales shrank, and combined Live plus VoiceAI annual recurring revenue hit $87 million, up 16%. EPS met expectations on a slight revenue beat, but higher selling and marketing spend pulled non-GAAP operating margin to 7.4% from 9.5%. Management gave no numerical guidance.
AudioCodes Ltd. (NASDAQ: AUDC; TASE: AUDC) provides enterprise voice and VoiceAI business solutions.
The Wall Street consensus 12-month price target for AUDC is $12.50.