Lod, Israel – January 31, 2017
Fourth Quarter and Full Year 2016 Highlights:
- Quarterly revenues were $37.8 million, 5.9% over last year’s comparable quarter; full 2016 year revenues totaled $145.6 million compared to $139.8 million in 2015;
- Quarterly service revenues were $11.4 million, 14.6% over last year’s comparable quarter; full 2016 year service revenues totaled $43.3 million compared to $37.8 million in 2015;
- Revenues related to UC‐SIP business increased more than 20% compared to the fourth quarter of 2015;
- Quarterly GAAP gross margin was 60.9%, Quarterly Non‐GAAP gross margin was 61.5%;
- Quarterly GAAP operating margin was 9.5%, Quarterly Non‐GAAP operating margin was 7.7%;
- Quarterly GAAP net income was $14.8 million, or $0.44 per diluted share, Quarterly Non‐GAAP net income was $2.6 million, or $0.08 per diluted share;
- Full 2016 year GAAP net income was $16.2 million, or $0.45 per diluted share, full 2016 year Non‐GAAP net income was $9.4 million, or $0.26 per diluted share;
- Cash flow from operating activities was $6.7 million for the quarter and $18.3 million for the full 2016 year;
- AudioCodes repurchased 1,261,555 of its ordinary shares at an aggregate cost of $7.7 million during the fourth quarter of 2016.