Audiocodes reports third quarter 2023 results

Lod, israel , nov. 2, 2023 /prnewswire/ -- third quarter highlights quarterly revenues increased by 2.6% sequentially to $61.6 million. quarterly service revenues of $30.6 million accounted for 49.6% of revenues gaap results:      - quarterly gaap gross margin was 66.5% compared to 64.1% in the prior quarter;   - quarterly gaap operating margin was 9.4% compared to 3.8% in the prior quarter; and    - quarterly gaap net income was $4.3 million, or $0.14 per diluted share compared to $1.1 million, or $0.03 per diluted share, in the prior quarter.
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