Exhibit 1 codes AudioCodes Press Release P R E S S R E L E A S E Company Contacts Niran Baruch, Chief Financial Officer AudioCodes Tel: +972-3-976-4000 niran.baruch@audiocodes.com Roger L. Chuchen, VP, Investor Relations AudioCodes Tel: 732-764-2552 roger.chuchen@audiocodes.com AudioCodes Reports Second Quarter 2024 Results and Declares SemiAnnual Dividend of 18 cents per share Or Yehuda, Israel – July 30, 2024 - AudioCodes (NASDAQ: AUDC) Press Release Second Quarter Highlights · Quarterly revenues increase ...

Core Insights - AudioCodes reported a 0.5% year-over-year increase in quarterly revenues to $60.3 million for Q2 2024, with service revenues rising by 12.3% to $32 million [1][2] - The company achieved a GAAP net income of $3.8 million, or $0.12 per diluted share, compared to $1.1 million, or $0.03 per diluted share, in Q2 2023 [2][19] - Non-GAAP net income for Q2 2024 was $5.5 million, or $0.18 per diluted share, up from $5.1 million, or $0.16 per diluted share, in the same quarter last year [2][19] Financial Performance - GAAP gross margin for the quarter was 65.5%, while non-GAAP gross margin was slightly higher at 65.8% [1][2] - GAAP operating margin stood at 8.2%, with non-GAAP operating margin at 11.9% [1][2] - EBITDA for Q2 2024 was reported at $6.2 million (GAAP) and $8.3 million (non-GAAP), compared to $2.9 million and $6.2 million respectively in Q2 2023 [2][19] Cash Flow and Shareholder Returns - The company used $2.9 million in net cash for operating activities during the quarter [4] - AudioCodes repurchased 116,453 ordinary shares for a total cost of $1.2 million during Q2 2024 [1][8] - A cash dividend of $0.18 per share was declared, amounting to approximately $5.5 million, payable on August 29, 2024 [9][10] Business Segments and Growth - The Microsoft Teams business grew by 3.3% year-over-year, with Live managed services increasing by about 35% year-over-year, reaching an ARR of $56 million [5][6] - The Conversational AI business saw over 50% growth year-over-year, driven by demand for innovation in unified communications and customer experience [6][7] - The company is on track to meet its full-year ARR target range of $64-$70 million, representing an average growth rate of approximately 40% compared to 2023 [5][6] Strategic Initiatives - AudioCodes is focusing on cost rationalization initiatives to support long-term top-line growth and margin expansion [7] - The company has made notable progress in new Conversational AI activities, including solutions for Microsoft Teams and SaaS recording [6][7]

AudioCodes leads the enterprise SBC market for the third year running with a 23.1% worldwide revenue share for 2023 LOD, Israel, May 15, 2024 /PRNewswire/ -- Highlights Research firm Omdia ranked AudioCodes as the market leader for 2023 with a worldwide revenue share of 23.1% in its Enterprise SBCs and VoIP Gateways Market Tracker – 4Q23 and CY23 Analysis and 2024–28 Forecast AudioCodes was also ranked by Omdia as the top vendor in the same category for 4Q23 with a 26.8% share AudioCodes Mediant SBCs are c ...

AudioCodes Ltd. (NASDAQ:AUDC) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Roger Chuchen - Vice President, Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President of Finance and Chief Financial Officer Conference Call Participants Samad Samana - Jefferies Ryan MacWilliams - Barclays Ryan Koontz - Needham & Company Operator Good morning everyone and welcome to the AudioCodes First Quarter 2024 Earnings Conference Call. At thi ...

AudioCodes (AUDC) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this communication components company would post earnings of $0.24 per share when it actually produced earnings of $0.28, delivering a surprise of 16.67%.Over the last four quar ...

Maskot/DigitalVision via Getty Images Introduction I wanted to take a look at AudioCodes Ltd. (NASDAQ:AUDC) and how it performed throughout the years given that the company is about to report its Q1 earnings, the company's profitability, and efficiency took a nosedive since the peak of the pandemic, however, a transition to a software-service-based company has the potential to revitalize the company in the long run. The question is if the management can execute. Nevertheless, the risk/reward seems to be ent ...

LOD, Israel, April 3, 2024 /PRNewswire/ -- AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its First quarter 2024 on Tuesday, May 07, 2024, before the market open on NASDAQ, reflecting the quarterly period ended March 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, ...

Table of Contents 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 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 AC ...

Core Insights - AudioCodes has introduced an omnichannel experience for its Voca Conversational Interaction Center (CIC), integrating email and webchat with existing voice capabilities to enhance customer interactions [1][2][4] - The Voca CIC is designed to provide a seamless customer experience across multiple channels from a single-screen Microsoft Teams contact center built in Azure [2][3] - This new feature allows agents to multitask effectively, managing their availability across different channels, thus ensuring that digital interactions receive equal attention as voice interactions [4][3] Company Overview - AudioCodes is a leading vendor of advanced communications software and solutions, enabling enterprises to build and operate all-IP voice networks for unified communications and contact centers [8] - The company is recognized for its innovative products and services, which are utilized by large multinational enterprises and tier-1 operators globally [8] Product Features - Voca CIC is an AI-first, Microsoft-certified contact center with Azure-native integration, allowing for rapid deployment and scalability [3][6] - The platform features a unique channel-specific status bar that automatically directs customer interactions to agents based on their availability and capacity [4][3] - AudioCodes offers a 30-day free trial of Voca CIC, allowing potential customers to evaluate its capabilities quickly [6]

The Voca Conversational Interaction Center (CIC) Secures Top Honors in the 2024 CX Awards, Winning the Best Microsoft Teams Contact Center Solution LOD, Israel, March 4, 2024 /PRNewswire/ -- Highlights AudioCodes Voca CIC is selected by 16 CX industry experts to win the CX Award 2024 for Best Microsoft Teams Contact Center Solution Judges were impressed with Voca CIC's unwavering reliability to provide a superior customer experience based on its Azure-native integration with Microsoft Teams Voca CIC is ce ...