AudioCodes Reports Fourth Quarter and Full Year 2023 Results and Declares Semi-Annual Dividend of 18 cents per share

LOD, Israel, Feb. 6, 2024 /PRNewswire/ -- Fourth Quarter and Full Year 2023 Highlights Quarterly revenues increased by 3.2% sequentially to $63.6 million;full year 2023 revenues decreased by 11.2% to $244.4 million. Quarterly Service revenues of $30.9 million accounted for 48.6% of revenues;full year 2023 service revenues increased by 8.7% to $120.4 million. GAAP results:- Quarterly GAAP gross margin was 66.7% compared to 66.5% in the prior quarter;- Quarterly GAAP operating margin was 11.4% compared to 9. ...