AudioCodes Posts Q1 Revenue of $31 Million

AudioCodes reported Q1 revenue of $31.3 million compared to $30.6 million for the quarter ended December 31, 2005 and $26.9 million for the quarter ended March 31, 2005. First quarter revenues grew 2.3% sequentially and increased 16.4% compared to the first quarter of 2005. Net income (GAAP) was $2.3 million, or $0.05 per diluted share.



"In the first quarter of 2006, we experienced increased demand for AudioCodes' media gateways and media servers that resulted in record revenues and our eighteenth consecutive quarter of top line growth. We secured important design wins and partnerships in fixed mobile convergence, Voice over Broadband, and SIP applications which will all eventually converge on an IMS core network," stated Shabtai Adlersberg, President, Chairman and CEO of AudioCodes.

http://www.audiocodes.com