AudioCodes Q2 Revenue Up 3.1%, ARR Jumps 20% on AI Push; Declares $0.20 Dividend
AUDC sits 43% above its 52-week low of $6.95.
Summary
AudioCodes reported Q2 revenue of $63M, a 3.1% YoY increase, with services revenue up 6.2%. GAAP net income was $0.5M ($0.02 EPS), while non-GAAP net income reached $3.9M ($0.15 EPS), slightly below last year's $4.1M. ARR hit $84M, up 20% YoY, driven by Live managed services and Conversational AI segments, the latter growing over 50%. The company declared a semi-annual dividend of $0.20 per share and repurchased $8.9M in stock during the quarter. Cash reserves dipped to $64.2M from $75.7M at year-end, largely due to buybacks and dividends, but operating cash flow of $6.1M provides some cover. The strong demand in Voice AI and managed services segments contributed to the revenue rise.
At the time of this announcement, AUDC was trading at $9.91 on NASDAQ in the Technology sector, with a market capitalization of approximately $248.4M. The 52-week trading range was $6.95 to $10.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.