Audiocodes (AUDC) has released an update.
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AudioCodes, a leader in advanced communication solutions, reported a 1.5% year-over-year increase in first-quarter 2024 revenues to $60.1 million, with a GAAP net income of $2.1 million. Non-GAAP net income rose to $5.2 million, reflecting significant growth in Microsoft Teams, customer experience, and conversational AI sectors. The company also continued its shareholder returns, paying out a cash dividend and repurchasing shares under its ongoing buyback program.
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