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Audiocodes ( (AUDC) ) has provided an update.
On February 4, 2025, AudioCodes announced its financial results for the fourth quarter and full year of 2024, reporting a 3.2% decrease in quarterly revenues to $61.6 million, while service revenues rose by 10.9% year-over-year. The company also declared a semi-annual cash dividend of 18 cents per share. Despite the revenue decline, AudioCodes achieved a strong performance in its UCaaS and Voice.ai business segments, driven by increased demand for AI-driven applications and services, contributing to a 35% year-over-year growth in annual recurring revenue to $65 million. This growth underscores AudioCodes’ strategic focus on expanding its recurring revenue streams and enhancing its market presence in AI and managed services, positioning it for improved sales and operational momentum in 2025.
More about Audiocodes
AudioCodes is a leading provider in the unified communications industry, focusing on voice, contact center, and conversational AI applications and services for enterprises. The company places a significant emphasis on the UCaaS and CX markets and is known for its transformative evolution towards cloud software and services.
YTD Price Performance: 1.86%
Average Trading Volume: 92,572
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $306.8M
For an in-depth examination of AUDC stock, go to TipRanks’ Stock Analysis page.
