AudioCodes Swings To Profit In Q3 On Higher Revenues

(RTTNews) - AudioCodes Ltd. (AUDC), a maker of VoIP and data networking products, Wednesday reported profit for the third quarter compared to loss last year, helped by a 11.7 percent increase in revenue.

Profit for the three months to September was $935,000, or $0.02 per share, compared with net loss of $1.1 million, or $0.03 per share during the corresponding period last year.

Excluding stock-based compensation expenses and amortization expense, the company reported profit of $1.8 million, or $0.05 per share, compared with net loss of $419,000, or $0.01 per share last year.

For the three-month period, AudioCodes' revenues rose to $35 million from $31.4 million a year ago.

"Our 'One Voice for Lync' program announced in early 2013 has proven to be effective and successful, and has contributed to our performance in the third quarter," the company said in a statement.