Sunday, February 4, 2007

AudioCodes Reports Q4 Revenue of $42 Million

AudioCodes reported Q4 2006 revenue of $42.6 million compared to $40.1 million for the quarter ended September 30, 2006 and $30.6 million for the quarter ended December 31, 2005. Fourth quarter revenues grew 6.2% sequentially and increased 39.1% compared to the fourth quarter of 2005. Net income was $671 thousand, or $0.02 per diluted share, for the fourth quarter of 2006.

"While overall revenues in 2006 grew over 27% compared to 2005, our networking business continued to show stronger year-over-year growth of over 40% as rising demand for our media gateways and media servers reaffirmed that we are well positioned within some of the fastest growing segments of the telecommunications industry," stated Shabtai Adlersberg, President, Chairman and CEO of AudioCodes.

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