AudioCodes Announces Q2 Growth and Dividend
Company Announcements

AudioCodes Announces Q2 Growth and Dividend

Audiocodes (AUDC) has released an update.

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.

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