The company met the analysts' revenue consensus, and beat their earnings per share consensus.
Hermosa Beach Pic of the day
27 July 11 14:03, Globes' correspondent
VoIP and networking solutions developer AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) today reported higher revenue and profits for the second quarter of 2011. The company met the analysts' revenue consensus, and beat their earnings per share consensus.
AudioCodes's revenue rose to $41.5 million for the second quarter from $36.5 million for the corresponding quarter of 2010.
GAAP-based net profit nearly doubled to $4 million ($0.09 per share) for the second quarter from $2.1 million the corresponding quarter, and non-GAAP net profit rose to $4.9 million ($0.12 per share) from $2.8 million. The analysts' consensus was $0.10 per share.
AudioCodes had $56.5 million in cash and cash equivalents at the end of June, less than at the end of March, and $2 million more than a year earlier.
AudioCodes chairman, president and CEO Shabtai Adlersberg said, "AudioCodes' improved financial performance continued a trend that reflects the strength of our enterprise and carrier VoIP business… driven primarily by the rising demand in the access, broadband, contact....
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http://www.globes.co.il/serveen/globes/docview.asp?did=1000668035&fid=1725
