AudioCodes Reports Third Quarter 2024 Results
Portfolio Pulse from
AudioCodes reported a 2.2% decrease in quarterly revenues to $60.2 million, while service revenues increased by 6.4% to $32.5 million. The company achieved a GAAP net income of $2.7 million and a Non-GAAP net income of $4.9 million.
November 06, 2024 | 7:15 am
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AudioCodes reported a slight decline in overall revenues but saw an increase in service revenues. The company's profitability metrics showed positive results with GAAP and Non-GAAP net incomes.
The decrease in overall revenues might concern investors, but the increase in service revenues and positive net income figures could offset some of the negative sentiment. The mixed results suggest a neutral short-term impact on the stock price.
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IMPORTANCE 70
RELEVANCE 100