Brief: AudioCodes reports Q3 non-GAAP earnings per share of $0.10
25/10/2017 07:00
Oct 25 (Reuters) - AudioCodes Ltd AUDC.TA
* Audiocodes reports third quarter 2017 results
* Q3 non-GAAP earnings per share $0.10
* Q3 GAAP earnings per share $0.03
* Q3 revenue rose 5.4 percent to $39.2 million
* quarterly service revenues increased by 12.4%
year-over-year to $12.7 million
* As of September 30, co had acquired aggregate of 14.5
million of its ordinary shares since August 2014 for aggregate
consideration of about $70.7 million
* On Oct 24, board approved filing new application with
court in Israel requesting approval for additional repurchase
program for up to $20 million
* On track to deliver about 15% annual growth for UC-SIP
business which is expected to reach $100 million of annual
revenues by 2020
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Further company coverage: AUDC.TA
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