Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Audiocodes (AUDC)
NASDAQ:AUDC
Holding AUDC?
Track your performance easily
Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.28Same Quarter Last Year
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 3.88%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable growth in strategic areas like Microsoft business and conversational AI, but also highlighted challenges such as a slight revenue decrease, decline in CapEx-based Teams business, and a drop in net income. Despite these challenges, the company showed strong growth potential in areas of investment, particularly in services and AI-driven solutions.Company Guidance
During the third quarter 2024 earnings call for AudioCodes (symbol: AUDC), the company reiterated its guidance for the fiscal year, projecting revenues to be in the range of $240 million to $250 million and non-GAAP EBITDA between $33 million and $39 million. AudioCodes reported third quarter revenues of $60.2 million, slightly down from $60.3 million in the previous quarter, with services revenues increasing by 1.7% to $32.5 million, accounting for 54% of total revenues. The non-GAAP net income for the quarter stood at $4.9 million, translating to $0.16 per diluted share. The company noted a strong performance in its Live managed services and conversational AI segments, with annual recurring revenue reaching $60 million, up from $48 million at the end of 2023. They also highlighted significant growth in their Microsoft Teams business, which increased by 9.2% sequentially. AudioCodes ended the quarter with $88.4 million in cash, cash equivalents, bank deposits, marketable securities, and financial investments, and approved the purchase of additional ordinary shares up to $20 million, along with a dividend of $0.18 per share.Growth in Microsoft Business
Third quarter Microsoft business grew 8% sequentially, highlighted by steady growth in North America and in the DACH region. Microsoft Teams business in the third quarter was up 9.2% sequentially.
Increase in Services Revenue
Services revenue grew 6.4% year-over-year and accounted for 54% of revenues, the highest on record for AudioCodes.
Strong Growth in Conversational AI
Third quarter dollar value of conversational AI contracts signed increased roughly 50% versus the year-ago period. Revenue is expected to grow above 30-40% and cross the $10 million level.
Significant Increase in Live and Managed Services Backlog
Live and managed services backlog ended the third quarter at $67 million, representing close to 150% year-over-year growth.
---
AUDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AUDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.01 | $7.78 | -13.65% |
| Jul 30, 2024 | $10.40 | $10.85 | +4.33% |
| May 07, 2024 | $11.19 | $9.75 | -12.87% |
| Feb 06, 2024 | $11.80 | $13.48 | +14.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Audiocodes (AUDC) report earnings?
Audiocodes (AUDC) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Audiocodes (AUDC) earnings time?
Audiocodes (AUDC) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AUDC EPS forecast?
AUDC EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
---