LOD, Israel, Nov. 2, 2022
/PRNewswire/ -- Third Quarter Highlights
- Quarterly revenues increased by 10% year-over-year to
$69.7 million; Quarterly service
revenues increased by 8.2% year-over-year to $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 million, or $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 million, or $0.32 per diluted share.
- Net cash provided by operating activities was $2.1 million for the quarter.
- AudioCodes declared a cash dividend of 18 cents per share. The dividend, in the
aggregate amount of $5.7 million, was
paid on August 31, 2022 to
shareholders of record on August 17,
2022.
- AudioCodes repurchased 273,224 of its ordinary shares during
the quarter at an aggregate cost of $6.1
million.
Details
AudioCodes (NASDAQ: AUDC), a leading vendor of advanced
communications software, products and productivity solutions for
the digital workplace, today announced its financial results for
the third quarter ended September 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 million, or
$0.17 per diluted share, for the
third quarter of 2022, compared to $8.3
million, or $0.24 per diluted
share, for the third quarter of 2021.
On a Non-GAAP basis, net income was $10.5
million, or $0.32 per diluted
share, for the third quarter of 2022 compared to $12.9 million, or $0.38 per diluted share, for the third quarter of
2021.
Non-GAAP net income excludes: (i) share-based compensation
expenses; (ii) amortization expenses related to intangible
assets; (iii) expenses related to deferred payments in
connection with the acquisition of Callverso Ltd; (iv) other income
related to a payment made by the landlord to AudioCodes Inc., a
subsidiary of the Company, in connection with the termination of a
lease agreement for its offices in New
Jersey; (v) financial income related to exchange rate
differences in connection with revaluation of assets and
liabilities in non-dollar denominated currencies; and (vi) non-cash
deferred tax expenses (income). A reconciliation of net income on a
GAAP basis to a non-GAAP basis is provided in the tables that
accompany the condensed consolidated financial statements contained
in this press release.
Net cash provided by operating activities was $2.1 million for the third quarter of 2022.
Cash and cash equivalents, long and short-term bank deposits,
long and short-term marketable securities and long and short-term
financial investments were $126.7
million as of September 30,
2022 compared to $174.8
million as of December 31,
2021. The decrease in cash and cash equivalents, long and
short-term bank deposits, long and short-term marketable securities
and long and short-term financial investments was the result of the
use of cash for the continued repurchasing of the Company's
ordinary shares pursuant to its share repurchase program and the
payment of a cash dividend during each of the first and third
quarters of 2022.
"I am pleased to report solid financial results for the third
quarter of 2022, growing revenues 10% year-over-year," said
Shabtai Adlersberg, President and
Chief Executive Officer of AudioCodes.
"We see good continued momentum in both of the key markets that
we serve: the UCaaS and the CX markets. Key driver of our growth
came from UCaaS where Microsoft Teams related business grew nearly
20% year-over-year. AudioCodes Live for Microsoft Teams
managed services continued to grow and reached a level of
$28 million ARR, nearly 100% growth
over the year ago period, putting us well on track to achieve our
2022 target of over $30 million.
Our Customer Experience (CX) business was down 5% year-over-year
after being up over 20% in the prior quarter. The decline was
driven mainly by seasonal softness in Europe. We expect this business to return to
growth in the fourth quarter, as we continue to see a strong
pipeline of opportunities.
This quarter, AudioCodes was named once again by Omdia as a
leader in enterprise SBCs in terms of our market share. We also saw
strong activity in the Service Provider (SP) business related to
carrier all-IP transformation and PSTN shutdown projects which have
re-emerged post-pandemic.
We have made important progress in our Conversational AI (CAI)
applications business. We saw increased activity in enterprise
voice recording, targeting both compliance recording and the
meetings space within Microsoft Teams environments. Additionally,
we had record conversational IVR, and VoiceAI Connect
platform-as-a-service bookings, which grew by over 30%
year-over-year in the quarter.
Lastly, on the operations front, we saw lower gross margin and
operating margin than before. As we come to the end of our two-year
cycle of increasing investments, announced in early 2021, we are
determined to balance our R&D, sales and marketing expenses for
the balance of the year and into 2023. We expect that over the next
several quarters we will benefit from better FX hedging, easing of
supply chain pressures, and the tightening of discretionary
spending, while we allocate investments prudently to strategic
areas of our business. These factors should put us on track to
drive improved operating leverage in 2023 and beyond," concluded
Mr. Adlersberg.
Share Buy Back Program and Cash Dividend
In June 2022, the Company received
court approval in Israel to
purchase up to an aggregate amount of $35
million of additional ordinary shares. The court approval
also permits AudioCodes to declare a dividend out of any part of
this amount. The approval is valid through December 12, 2022.
On August 2, 2022, the Company
declared a cash dividend of 18 cents
per share. The dividend, in the aggregate amount of approximately
$5.7 million, was paid on
August 31, 2022 to all of the
Company's shareholders of record on August
17, 2022.
During the quarter ended September 30,
2022, the Company acquired 273,224 of its ordinary shares
under its share repurchase program for a total consideration of
$6.1 million.
As of September 30, 2022, the
Company had $23.2 million available
under the approval for the repurchase of shares and/or declaration
of cash dividends.
Conference Call & Web Cast Information
AudioCodes will conduct a conference call at 8:30 A.M., Eastern Time today to discuss the
Company's third quarter of 2022 operating performance,
financial results and outlook. Interested parties may participate
in the conference call by dialing one the following numbers:
United States Participants: 888-506-0062
International Participants: +1 (973) 528-0011
The conference call will also be simultaneously webcast.
Investors are invited to listen to the call live via webcast at the
AudioCodes investor website at
http://www.audiocodes.com/investors-lobby.
Third quarter of 2022 earnings call supplementary slides are
available at AudioCodes' investor website at
http://www.audiocodes.com/investors-lobby.
Follow AudioCodes' social media channels:
AudioCodes invites you to join our online community and follow
us on: AudioCodes Voice Blog, LinkedIn, Twitter, Facebook,
and YouTube.
About AudioCodes
AudioCodes Ltd. (NASDAQ: AUDC) (TASE: AUDC) is a leading vendor
of advanced communications software, products and productivity
solutions for the digital workplace. AudioCodes enables enterprises
and service providers to build and operate all-IP voice networks
for unified communications, contact centers, and hosted business
services. AudioCodes offers a broad range of innovative
products, solutions and services that are used by large
multi-national enterprises and leading tier-1 operators around the
world.
For more information on AudioCodes, visit
http://www.audiocodes.com.
Statements concerning AudioCodes' business outlook or future
economic performance; product introductions and plans and
objectives related thereto; and statements concerning assumptions
made or expectations as to any future events, conditions,
performance or other matters, are "forward-looking statements'' as
that term is defined under U.S. Federal securities laws.
Forward-looking statements are subject to various risks,
uncertainties and other factors that could cause actual results to
differ materially from those stated in such statements. These
risks, uncertainties and factors include, but are not limited to:
the effect of global economic conditions in general and conditions
in AudioCodes' industry and target markets in particular; shifts in
supply and demand; market acceptance of new products and the demand
for existing products; the impact of competitive products and
pricing on AudioCodes' and its customers' products and markets;
timely product and technology development, upgrades and the ability
to manage changes in market conditions as needed; possible need for
additional financing; the ability to satisfy covenants in the
Company's loan agreements; possible disruptions from acquisitions;
the ability of AudioCodes to successfully integrate the products
and operations of acquired companies into AudioCodes' business;
possible adverse impact of the COVID-19 pandemic on our business
and results of operations; and other factors detailed in
AudioCodes' filings with the U.S. Securities and Exchange
Commission. AudioCodes assumes no obligation to update the
information in this release.
©2021 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD
VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's
Inside Matters, OSN, SmartTAP, User Management Pack, VMAS,
VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom,
AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room
Experience is trademarks or registered trademarks of AudioCodes
Limited. All other products or trademarks are property of their
respective owners. Product specifications are subject to change
without notice.
Summary financial data follows
AUDIOCODES LTD. AND
ITS SUBSIDIARIES
|
|
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
|
|
U.S. dollars in
thousands
|
|
|
|
|
September
30,
|
|
December
31,
|
|
2022
|
|
2021
|
|
(Unaudited)
|
|
(Audited)
|
ASSETS
|
|
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
Cash and cash
equivalents
|
$ 24,892
|
|
$ 79,423
|
Restricted
cash
|
-
|
|
5,100
|
Short-term and
restricted bank deposits
|
5,205
|
|
220
|
Short-term marketable
securities and accrued interest
|
2,974
|
|
669
|
Short-term
financial investments
|
16,025
|
|
-
|
Trade receivables,
net
|
50,067
|
|
48,956
|
Other receivables and
prepaid expenses
|
9,729
|
|
9,197
|
Inventories
|
31,825
|
|
23,988
|
Total current
assets
|
140,717
|
|
167,553
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
Long-term and
restricted bank deposits
|
$ -
|
|
$ 94
|
Long-term Trade
receivables
|
11,376
|
|
-
|
Long-term marketable
securities and accrued interest
|
76,791
|
|
89,307
|
Long-term financial
investments
|
833
|
|
-
|
Deferred tax
assets
|
9,855
|
|
8,905
|
Operating lease
right-of-use assets
|
14,838
|
|
16,457
|
Severance pay
funds
|
18,231
|
|
22,724
|
Total long-term
assets
|
131,924
|
|
137,487
|
|
|
|
|
PROPERTY AND EQUIPMENT,
NET
|
4,098
|
|
4,394
|
|
|
|
|
GOODWILL, INTANGIBLE
ASSETS AND OTHER, NET
|
39,327
|
|
39,930
|
|
|
|
|
Total assets
|
$ 316,066
|
|
$ 349,364
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
Trade
payables
|
$ 12,502
|
|
$ 7,863
|
Other payables and
accrued expenses
|
38,600
|
|
38,350
|
Deferred
revenues
|
38,458
|
|
41,591
|
Short-term operating
lease liabilities
|
7,881
|
|
8,139
|
Total current
liabilities
|
97,441
|
|
95,943
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
Accrued severance
pay
|
$ 18,070
|
|
$ 22,895
|
Deferred revenues and
other liabilities
|
16,407
|
|
13,637
|
Long-term operating
lease liabilities
|
5,411
|
|
11,391
|
Total long-term
liabilities
|
39,888
|
|
47,923
|
|
|
|
|
Total shareholders'
equity
|
178,737
|
|
205,498
|
Total liabilities and
shareholders' equity
|
$ 316,066
|
|
$ 349,364
|
AUDIOCODES LTD. AND
ITS SUBSIDIARIES
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
U.S. dollars in
thousands, except per share data
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
September
30,
|
|
September
30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
|
(Unaudited)
|
|
(Unaudited)
|
Revenues:
|
|
|
|
|
|
|
|
Products
|
$ 122,285
|
|
$ 113,423
|
|
$ 42,879
|
|
$ 38,610
|
Services
|
82,152
|
|
69,398
|
|
26,841
|
|
24,798
|
Total
Revenues
|
204,437
|
|
182,821
|
|
69,720
|
|
63,408
|
Cost of
revenues:
|
|
|
|
|
|
|
|
Products
|
47,851
|
|
40,483
|
|
17,733
|
|
13,513
|
Services
|
23,966
|
|
15,884
|
|
8,237
|
|
5,772
|
Total Cost of
revenues
|
71,817
|
|
56,367
|
|
25,970
|
|
19,285
|
Gross profit
|
132,620
|
|
126,454
|
|
43,750
|
|
44,123
|
Operating
expenses:
|
|
|
|
|
|
|
|
Research and
development, net
|
44,752
|
|
38,944
|
|
14,811
|
|
14,172
|
Selling and
marketing
|
52,035
|
|
45,460
|
|
17,663
|
|
15,781
|
General and
administrative
|
12,850
|
|
11,797
|
|
4,267
|
|
4,172
|
Total operating
expenses
|
109,637
|
|
96,201
|
|
36,741
|
|
34,125
|
Operating
income
|
22,983
|
|
30,253
|
|
7,009
|
|
9,998
|
Financial income,
net
|
2,195
|
|
1,099
|
|
344
|
|
103
|
Income before taxes on
income
|
25,178
|
|
31,352
|
|
7,353
|
|
10,101
|
Taxes on income,
net
|
(4,261)
|
|
(4,856)
|
|
(1,980)
|
|
(1,838)
|
Net income
|
$ 20,917
|
|
$ 26,496
|
|
$ 5,373
|
|
$ 8,263
|
Basic net earnings per
share
|
$ 0.66
|
|
$ 0.81
|
|
$ 0.17
|
|
$ 0.25
|
Diluted net earnings
per share
|
$ 0.64
|
|
$ 0.78
|
|
$ 0.17
|
|
$ 0.24
|
Weighted average number
of shares used in
computing basic net earnings per share (in
thousands)
|
31,919
|
|
32,790
|
|
31,717
|
|
32,618
|
Weighted average number
of shares used in
computing diluted net earnings per share (in
thousands)
|
32,619
|
|
34,005
|
|
32,256
|
|
33,843
|
AUDIOCODES LTD. AND
ITS SUBSIDIARIES
|
RECONCILIATION OF
GAAP NET INCOME TO NON-GAAP NET INCOME
|
U.S. dollars in
thousands, except per share data
|
|
|
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
September
30,
|
|
September
30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
|
(Unaudited)
|
|
(Unaudited)
|
GAAP net
income
|
$ 20,917
|
|
$ 26,496
|
|
$ 5,373
|
|
$ 8,263
|
GAAP net earnings per
share
|
$ 0.64
|
|
$ 0.78
|
|
$ 0.17
|
|
$ 0.24
|
Cost of
revenues:
|
|
|
|
|
|
|
|
Share-based
compensation (1)
|
300
|
|
277
|
|
126
|
|
123
|
Amortization expenses
(2)
|
570
|
|
204
|
|
190
|
|
68
|
|
870
|
|
481
|
|
316
|
|
191
|
Research and
development, net:
|
|
|
|
|
|
|
|
Share-based
compensation (1)
|
2,642
|
|
2,018
|
|
755
|
|
776
|
Deferred payments
expense (3)
|
375
|
|
-
|
|
125
|
|
-
|
|
3,017
|
|
2,018
|
|
880
|
|
776
|
Selling and
marketing:
|
|
|
|
|
|
|
|
Share-based
compensation (1)
|
4,694
|
|
4,246
|
|
1,543
|
|
1,401
|
Amortization expenses
(2)
|
33
|
|
10
|
|
11
|
|
2
|
Deferred payments
expense (3)
|
375
|
|
-
|
|
125
|
|
-
|
|
5,102
|
|
4,256
|
|
1,679
|
|
1,403
|
General and
administrative:
|
|
|
|
|
|
|
|
Share-based
compensation (1)
|
3,734
|
|
3,286
|
|
1,212
|
|
1,174
|
Other Income
(4)
|
(1,093)
|
|
-
|
|
(283)
|
|
-
|
|
2,641
|
|
3,286
|
|
929
|
|
1,174
|
Financial expenses
(income):
|
|
|
|
|
|
|
|
Exchange rate
differences (5)
|
(1,094)
|
|
(944)
|
|
121
|
|
38
|
|
|
|
|
|
|
|
|
Income
taxes:
|
|
|
|
|
|
|
|
Deferred tax
(6)
|
1,576
|
|
2,763
|
|
1,223
|
|
1,094
|
Non-GAAP net
income
|
$ 33,029
|
|
$ 38,356
|
|
$ 10,521
|
|
$ 12,939
|
Non-GAAP diluted net
earnings per share
|
$ 0.99
|
|
$ 1.11
|
|
$ 0.32
|
|
$ 0.38
|
Weighted average number
of shares used in computing
Non-GAAP diluted net earnings per share (in thousands)
|
33,449
|
|
34,515
|
|
33,231
|
|
34,372
|
|
|
|
|
|
|
|
|
|
(1) Share-based compensation expenses related to options
and restricted share units granted to employees and others.
(2) Amortization expenses related to intangible assets.
(3) Expenses related to deferred payments in connection with
the acquisition of Callverso Ltd.
(4) Other income related to a payment made to AudioCodes Inc.
in connection with the termination of a lease agreement for its
offices in New Jersey.
(5) Financial income or expenses related to exchange rate
differences in connection with revaluation of assets and
liabilities in non-dollar denominated currencies.
(6) Non-cash deferred tax expense.
Note: Non-GAAP measures should be considered in
addition to, and not as a substitute for, the results prepared in
accordance with GAAP. The Company believes that non-GAAP
information is useful because it can enhance the understanding of
its ongoing economic performance and therefore uses internally this
non-GAAP information to evaluate and manage its operations. The
Company has chosen to provide this information to investors to
enable them to perform comparisons of operating results in a manner
similar to how the Company analyzes its operating results and
because many comparable companies report this type of
information.
AUDIOCODES LTD. AND
ITS SUBSIDIARIES
|
|
|
|
|
|
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
|
|
U.S. dollars in
thousands
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
|
|
September
30,
|
|
September
30,
|
|
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ 20,917
|
|
$ 26,496
|
|
$ 5,373
|
|
$ 8,263
|
|
Adjustments required to
reconcile net income to net
cash provided by operating
activities:
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
2,261
|
|
1,746
|
|
797
|
|
588
|
|
Amortization of
marketable securities premiums and
accretion of discounts, net
|
|
1,155
|
|
1,241
|
|
362
|
|
500
|
|
Increase (decrease) in
accrued severance pay, net
|
|
(332)
|
|
(708)
|
|
265
|
|
284
|
|
Share-based
compensation expenses
|
|
11,370
|
|
9,827
|
|
3,636
|
|
3,474
|
|
Decrease in deferred
tax assets, net
|
|
1,424
|
|
2,729
|
|
1,187
|
|
1,082
|
|
Increase in accrued
interest and exchange rate effect of
loans, marketable securities and bank
deposits
|
|
(80)
|
|
(31)
|
|
(82)
|
|
(54)
|
|
Gain derived from
financial investments
|
|
(648)
|
|
-
|
|
(318)
|
|
-
|
|
Decrease in operating
lease right-of-use assets
|
|
4,639
|
|
5,705
|
|
1,497
|
|
1,843
|
|
Decrease in operating
lease liabilities
|
|
(9,258)
|
|
(8,245)
|
|
(3,029)
|
|
(3,638)
|
|
Changes in IIA
settlement liability, net
|
|
-
|
|
176
|
|
-
|
|
235
|
|
Increase in trade
receivables, net
|
|
(12,487)
|
|
(5,752)
|
|
(5,114)
|
|
(3,267)
|
|
Increase in other
receivables and prepaid expenses
|
|
(1,344)
|
|
(960)
|
|
(124)
|
|
(1,757)
|
|
Decrease (increase) in
inventories
|
|
(8,048)
|
|
4,748
|
|
(4,198)
|
|
794
|
|
Increase (decrease) in
trade payables
|
|
4,639
|
|
(1,780)
|
|
5,064
|
|
2,588
|
|
Increase
(decrease) in other payables and
accrued expenses
|
|
(6,203)
|
|
3,429
|
|
(1,404)
|
|
3,197
|
|
Increase
(decrease) in deferred
revenues
|
|
(147)
|
|
4,470
|
|
(1,810)
|
|
(1,119)
|
|
Net cash provided by
operating activities
|
|
7,858
|
|
43,091
|
|
2,102
|
|
13,013
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
|
Investment in
short-term deposits
|
|
(5,000)
|
|
-
|
|
-
|
|
-
|
|
Proceeds from
short-term deposits
|
|
15
|
|
84,454
|
|
2
|
|
151
|
|
Proceeds from
long-term deposits
|
|
94
|
|
-
|
|
94
|
|
-
|
|
Purchase of financial
investments
|
|
(16,210)
|
|
-
|
|
(540)
|
|
-
|
|
Proceeds from
redemption of marketable securities
|
|
1,123
|
|
1,053
|
|
-
|
|
-
|
|
Purchase of marketable
securities
|
|
-
|
|
(41,094)
|
|
-
|
|
(23,569)
|
|
Proceeds from sale of
marketable securities
|
|
-
|
|
2,571
|
|
-
|
|
2,061
|
|
Net cash paid in
acquisition of subsidiary
|
|
(100)
|
|
-
|
|
-
|
|
-
|
|
Purchase of property
and equipment
|
|
(1,151)
|
|
(943)
|
|
(572)
|
|
(527)
|
|
Net cash provided by
(used in) investing activities
|
|
(21,229)
|
|
46,041
|
|
(1,016)
|
|
(21,884)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUDIOCODES LTD. AND
ITS SUBSIDIARIES
|
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
|
U.S. dollars in
thousands
|
|
|
|
|
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
|
|
(Unaudited)
|
|
(Unaudited)
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
Purchase of treasury
shares
|
|
(35,241)
|
|
(31,199)
|
|
(6,072)
|
|
(13,848)
|
Repayment of bank
loans
|
|
-
|
|
(900)
|
|
-
|
|
(300)
|
Cash dividends paid to
shareholders
|
|
(11,552)
|
|
(10,865)
|
|
(5,720)
|
|
(5,563)
|
Proceeds from issuance
of shares upon exercise of
options and warrants
|
|
533
|
|
1,346
|
|
352
|
|
609
|
Net cash used in
financing activities
|
|
(46,260)
|
|
(41,618)
|
|
(11,440)
|
|
(19,102)
|
|
|
|
|
|
|
|
|
|
Net increase (decrease)
in cash, cash equivalents, and
restricted cash
|
|
(59,631)
|
|
47,514
|
|
(10,354)
|
|
(27,973)
|
Cash, cash equivalents
and restricted cash at beginning
of period
|
|
84,523
|
|
46,034
|
|
35,246
|
|
121,521
|
Cash, cash equivalents
and restricted cash at end of
period
|
|
$ 24,892
|
|
$ 93,548
|
|
$ 24,892
|
|
$ 93,548
|
Company
Contacts
|
|
|
|
|
|
Niran
Baruch,
|
|
Roger L.
Chuchen
|
Chief Financial
Officer
|
|
VP, Investor
Relations
|
AudioCodes
|
|
AudioCodes
|
Tel:
+972-3-976-4000
|
|
Tel:
732-764-2552
|
niran.baruch@audiocodes.com
|
|
Mobile:
347-752-0780
|
|
|
roger.chuchen@audiocodes.com
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/audiocodes-reports-third-quarter-2022-results-301665817.html
SOURCE Audiocodes Ltd