Sunday, July 24, 2005

AudioCodes Sees Revenue Rise 6% Sequentially

AudioCodes reported Q2 revenues of $28.5 million compared to $26.9 million for the quarter ended March 31, 2005 and $19.1 million for the quarter ended June 30, 2004. Second quarter revenues grew 6% sequentially and increased 49% compared to the second quarter of 2004. Net income for the second quarter of 2005 was $3.1 million, or $0.07 per diluted share, compared to net income of $839,000, or $0.02 per diluted share, for the corresponding period last year.

"We are pleased to report yet another quarter of growth for AudioCodes, our fifteenth consecutive quarter of revenue growth," stated Shabtai Adlersberg, President, Chairman and CEO of AudioCodes.

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