AudioCodes Reports Second Quarter 2019 Results
Jul 23, 2019
Second Quarter Highlights
Quarterly revenues increased by 13.8% year-over-year to $49.5 million;
Quarterly service revenues increased by 23.5% year-over-year to $16.7 million;
Quarterly UC-SIP revenues increased more than 20% year-over-year;
Quarterly GAAP gross margin percentage was 63.3%; quarterly Non-GAAP gross margin percentage was 63.5%;
Quarterly GAAP operating margin percentage was 11.9%; quarterly Non-GAAP operating margin percentage was 14.1%;
Quarterly cash flow from operating activities was $8.4 million;
Quarterly GAAP net income was $4.8 million, or $0.16 per diluted share;
Quarterly Non-GAAP net income was $6.8 million, or $0.22 per diluted share;
AudioCodes repurchased 473,235 of its ordinary shares during the quarter at an aggregate cost of $7.05 million.
https://www.audiocodes.com/news/press-releases/financial/audiocodes-reports-second-quarter-2019-results
