Israel's AudioCodes Q3 revenue, profit rise
Israel's AudioCodes Q3 revenue, profit rise
Overview
Israel-based VoiceAI solutions provider's Q3 revenue rose 4.2% year-over-year
Net profit rose in Q3 but adjusted EPS fell from a year earlier
Company repurchased $15.1 mln of its shares during the quarter
Outlook
AudioCodes expects continued healthy top-line growth through 2026 and 2027
Company sees promising outlook for UCaaS and CX connectivity business in 2027
Company anticipates strong demand for VoiceAI solutions to continue
Result Drivers
SERVICES REVENUE GROWTH - Co said Q3 services revenue rose 19.9% year-over-year
LIVE SERVICES AND VOICEAI - Co attributed results to growth in managed services for UCaaS/CX and VoiceAI business, with combined ARR up 16% year-over-year
MICROSOFT TEAMS AND CONNECTIVITY - Co said Microsoft Teams and UCaaS/CX connectivity businesses showed resilience and modest growth
Company press release: ID:nPn83NHcba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $64.14 mln | $63.40 mln (1 Analyst) |
Q3 EPS |
| $0.15 |
|
Q3 Net Income |
| $3.64 mln |
|
Q3 Pretax Profit | Miss | $4.62 mln | $5.10 mln (1 Analyst) |
Q3 Operating Expenses |
| $38.76 mln |
|
Q3 Operating Income |
| $3.37 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for AudioCodes Ltd is $12.50, about 20.8% above its November 3 closing price of $10.35
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)