Lod, Israel – November 1, 2016
Third Quarter Highlights
- Quarterly revenues increased by 3.7% over the previous quarter and by 8.7% year-over-year to $37.2 million;
- Revenues related to UC-SIP business increased above 20% compared to the third quarter of 2015;
- Quarterly service revenues increased by 17.4% year-over-year to $11.3 million;
- GAAP gross margin was a record 61.0%, compared to 59.2% in the third quarter of 2015;
- Non-GAAP gross margin was also a record 61.7%, compared to 60.0% in the third quarter of 2015;
- Quarterly GAAP net income was $971,000, or $0.03 per diluted share, compared to a net loss of $130,000, or ($0.00) per diluted share, in the prior year period;
- Quarterly Non-GAAP net income was $2.9 million, or $0.08 per diluted share, compared to a Non-GAAP net income of $1.7 million, or $0.04 per diluted share, in the prior year period;
- Quarterly cash flow from operating activities was $3.4 million;
- AudioCodes repurchased 3,372,000 of its ordinary shares during the quarter at an aggregate cost of $15.0 million.