Audiocodes reports first quarter 2023 results

Lod, israel , may 9, 2023 /prnewswire/ -- first quarter highlights quarterly revenues decreased by 10.8% year-over-year to $59.2 million; quarterly service revenues increased by 10.8% year-over-year to $30.5 million; gaap results:- quarterly gaap gross margin was 61.7%;- quarterly gaap operating loss percentage was 1.4%;- quarterly gaap net loss was $0.2 million, or $0.01 per diluted share. non-gaap results:- quarterly non-gaap gross margin was 62.1%;- quarterly non-gaap operating margin was 4.9%;- quarterly non-gaap net income was $2.7 million, or $0.08 per diluted share.
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