Financial Data and Key Metrics Changes - Revenues for Q2 2019 were $49.5 million, a 6.3% increase from the prior quarter and a 13.8% increase year-over-year [9] - Gross margin for the quarter was 63.3%, up from 62.3% in Q2 2018 [10] - Operating income was $5.9 million compared to $3.3 million in Q2 2018, with non-GAAP operating income at $7 million or 14.1% of revenues [10] - Net income for the quarter was $4.8 million or $0.16 per share, compared to $2.4 million or $0.08 per share in Q2 2018 [10] - Cash, cash equivalents, and marketable securities totaled $69.1 million at the end of June 2019 [11] Business Line Data and Key Metrics Changes - Service revenues for Q2 2019 were $16.7 million, accounting for 33.6% of total revenues [9] - The networking business grew 16.6% year-over-year to $47 million, accounting for 95% of total business [21] - UC-SIP business grew about 20%, driven by strong demand for session border controllers and management suites [21] - Connectivity revenue reached $38.6 million, a 25% year-over-year increase [23] Market Data and Key Metrics Changes - Revenues by geographical region: North America 41%, Central and Latin America 5%, EMEA 14%, Asia-Pacific 14% [10] - The UCaaS market is projected to grow from $14 billion in 2018 to $27 billion by 2022, with a significant increase in users [14][15] - Microsoft Teams reported 13 million daily active users as of June 2019, up from 3 million in August 2018 [16] Company Strategy and Development Direction - The company plans to invest in the meeting space, leveraging existing assets and adding new capabilities [14] - Focus on partnerships with UCaaS players to provide connectivity products and integration services [17][18] - Continued emphasis on cloud migration and the deployment of the One Voice portfolio across major cloud platforms [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, expecting 2019 revenues to be in the range of $194 million to $198 million [12] - Anticipated strong performance in the third quarter, driven by trends in All-IP migration and UCaaS adoption [20] - Management noted the competitive landscape is intensifying, particularly in the UCaaS and Contact Center as a Service markets [15][16] Other Important Information - Deferred revenues increased from $52 million to $55.8 million from Q1 to Q2 2019, representing a 30% year-over-year growth [10][47] - The company has been actively repurchasing shares, acquiring approximately 473,000 shares for $7.1 million in Q2 2019 [11] Q&A Session Summary Question: Follow-up on Microsoft Teams growth and features needed - Management indicated that Teams is growing but lacks some features compared to Skype for Business, which is affecting enterprise adoption [35][36] Question: Product sales comparison between Teams and Skype for Business - Management expects product sales to remain similar in both environments, with ongoing demand for connectivity solutions [38][39] Question: Updated guidance for EPS in the second half of the year - Management acknowledged some moving parts affecting OpEx and expressed a conservative approach to guidance, but remains optimistic about growth [44][45] Question: Gross deferred revenue number at the end of the quarter - Deferred revenue grew from $52 million to $56 million, indicating strong year-over-year growth [46][47]

AudioCodes Ltd. (NASDAQ:AUDC) Q1 2019 Results Earnings Conference Call April 30, 2019 8:30 AM ET Company Participants Rob Fink - IR Shabtai Adlersberg - President and CEO Niran Baruch - VP, Finance and CFO Conference Call Participants Rich Valera - Needham & Company Operator Greetings and welcome to the AudioCodes First Quarter 2019 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

AudioCodes Ltd. (NASDAQ:AUDC) Q4 2018 Earnings Conference Call January 28, 2019 8:30 AM ET Company Participants Allison Soss - Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President, Finance and Chief Financial Officer Conference Call Participants Rich Valera - Needham & Company Operator Greetings and welcome to the AudioCodes Fourth Quarter and Full Year 2018 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief questi ...