AudioCodes: Set for over 4-yr high as Q2 revenue rises

Audiocodes

24/07/2018 11:40

** U.S.-listed shares of Israel's AudioCodes  AUDC.O  up ~5
pct premarket at $8.56, set to open at their highest since March
2014
    ** Voice data networking service provider's Q2 revenue rises
12.3 pct YoY, EPS 14 cents vs. 8 cents year earlier  urn:newsml:reuters.com:*:nPn6bNZwYa
    ** Results boosted by 14.2 pct rise in service revenues;
Expects FY18 revenue to be up by ~10 pct, compared to 7.7 pct
rise in FY17
    ** AUDC shares second among top pct gainers across U.S.
exchanges
    ** As of Monday's close, AUDC gained 11 pct this year

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))