Audiocodes ( (AUDC) ) has released its Q1 earnings. Here is a breakdown of the information Audiocodes presented to its investors.
AudioCodes Ltd. is a global leader in unified communications voice, contact center, and conversational AI services and solutions for enterprises, enhancing customer and employee experiences through advanced communication technologies.
In its first quarter of 2025 earnings report, AudioCodes announced a modest revenue increase of 0.5% year-over-year, reaching $60.4 million. The company also highlighted significant growth in its service revenues and a strong performance in its AI-powered value-added services.
Key financial metrics for the quarter included a GAAP gross margin of 64.8% and a net income of $4.0 million, or $0.13 per diluted share. On a Non-GAAP basis, the company reported a net income of $4.7 million, or $0.15 per diluted share. Additionally, AudioCodes generated $13.5 million in net cash from operating activities and repurchased 500,000 of its ordinary shares.
Strategically, AudioCodes experienced growth in its UCaaS and CX markets, with a notable increase in its conversational AI business. The company is optimistic about the future, with plans to launch a next-generation Live platform and mitigate the impact of new US tariffs on imports from China.
Looking ahead, AudioCodes remains committed to its transformation into a cloud and software services company, with a focus on expanding its presence in the conversational AI market and enhancing its product offerings to meet evolving customer needs.