AudioCodes Reports Fourth Quarter and Full Year 2024 Results and Declares Semi-Annual Dividend of 18 cents per share
Portfolio Pulse from
AudioCodes reported a decrease in quarterly and full-year revenues for 2024, with a 3.2% drop in quarterly revenues and a 0.9% decrease for the full year. However, service revenues increased by 10.9% quarterly and 8.2% for the full year. The company declared a semi-annual dividend of 18 cents per share.
February 04, 2025 | 7:15 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
AudioCodes reported a decline in overall revenues for 2024, with a 3.2% decrease in quarterly revenues and a 0.9% decrease for the full year. However, service revenues showed growth, increasing by 10.9% quarterly and 8.2% for the full year. The company declared a semi-annual dividend of 18 cents per share.
The decrease in overall revenues might concern investors, but the growth in service revenues could be seen as a positive sign. The declaration of a dividend may also provide some reassurance to investors. Overall, the mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100