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Stock impact report

AudioCodes Non-GAAP EPS of $0.17 misses by $0.06, revenue of $60.1M misses by $2.43M [Seeking Alpha]

AudioCodes Ltd. - Ordinary Shares (AUDC) 
Last audiocodes ltd. - ordinary shares earnings: 7/24 02:09 am Check Earnings Report
Company Research Source: Seeking Alpha
Quarterly service revenues increased by 3.3% year-over-year to $31.5 million. Net cash provided by operating activities was $15.0 million for the quarter. Cash and cash equivalents, long and short-term bank deposits, long and short-term marketable securities and long and short-term financial investments were $106.0 million as of March 31, 2024 compared to $106.7 million as of December 31, 2023. "Overall, while we had a slower than expected start of revenue growth to the year due to the decline in gateways and muted business spending as a result of the elevated interest rate environment in 2024, we remain confident in our ability to sustain healthy top-line growth long-term while driving significant margin expansion in 2024 and beyond," said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes. Recommended For You More Trending News Recommended For You More Trending News About AUDC Stock Related Stocks Trending Analysis Trending News Show less Read more
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