AudioCodes Reports Q3 Revenue Beat and In-line Earnings
AudioCodes (AUDC) reported third-quarter financial results featuring a revenue beat of $0.7 million, totaling $64.1 million. This represents a 4.2% increase year-over-year. The company's Non-GAAP earnings per share (EPS) of $0.16 met market expectations. The company highlighted growth in its UCaaS and CX connectivity business segments. Additionally, AudioCodes maintained positive cash flow with net cash provided by operating activities amounting to $4.1 million for the quarter.
Tickers: $AUDC