Audiocodes (AUDC) has released an update.
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AudioCodes has reported modest revenue growth in Q2 2024, with overall revenues slightly up to $60.3 million and service revenues increasing by 12.3%. The company announced a semi-annual dividend of 18 cents per share while continuing its share repurchase program, buying back shares worth $1.2 million. Despite a net cash use of $2.9 million for the quarter, AudioCodes remains committed to driving long-term growth and margin expansion.
For further insights into AUDC stock, check out TipRanks’ Stock Analysis page.
