LOD, Israel, November 2, 2022 /PRNewswire/ — Third Quarter Highlights
- Quarterly sales were up 10% year over year $69.7 million; Quarterly services revenue increased 8.2% year over year $26.8 million.
- GAAP Results:
– Quarterly GAAP gross margin was 62.8%;
– Quarterly GAAP operating margin was 10.1%; and
– Quarterly GAAP net income was $5.4 millionor $0.17 per diluted share.
- Non-GAAP results:
– Quarterly non-GAAP gross margin was 63.2%;
– Quarterly non-GAAP operating margin was 15.5%; and
– Quarterly non-GAAP net income was $10.5 millionor $0.32 per diluted share.
- The net cash inflow from operating activities was $2.1 million for the quarter.
- AudioCodes declared a cash dividend of 18 cents per share. The dividend totaling $5.7 millionwas paid August 31, 2022 to registered shareholders on August 17, 2022.
- AudioCodes purchased 273,224 of its common shares during the quarter at a total cost of $6.1 million.
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audio codes AUDCa leading provider of advanced communications software, products and productivity solutions for the digital workplace, today announced its financial results for the just ended third quarter 09/30/2022.
Revenues for the third quarter of 2022 were $69.7 million compared to $63.4 million for the third quarter of 2021.
net income was $5.4 millionor $0.17 per diluted share for the third quarter of 2022 compared to $8.3 millionor $0.24…
