AudioCodes Earnings Call Transcripts
Fiscal Year 2026
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First quarter revenue grew 2.9% year-over-year to $62.1 million, with strong gains in managed services and voice AI, which grew over 50%. Non-GAAP gross margin reached 66.3%, and 2026 guidance was reiterated.
Fiscal Year 2025
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Q4 and full-year 2025 saw modest revenue growth and strong expansion in VoiceAI, with annual recurring revenue up 22% and conversational AI revenue up over 50% in Q4. 2026 guidance projects continued growth, with VoiceAI expected to grow 40%-50% annually.
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Q3 2025 saw 2.2% revenue growth, strong expansion in conversational AI (up 50% YoY), and robust ARR momentum. Strategic wins, including a global system integrator deal and Project Nimbus, support a positive outlook with 2025 revenue guidance of $244–$246 million.
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Q2 2025 saw 1.3% revenue growth, strong performance in connectivity and AI-driven services, and robust cash flow. Tariff costs pressured margins, but the pipeline remains strong, with Conversational AI expected to grow 40%-50% in 2025.
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Q1 2025 revenue grew 0.5% year-over-year to $60.4 million, with strong gains in services and AI-powered voice solutions. Tariff-related uncertainty led to withdrawal of annual guidance, but robust cash flow, new product launches, and expanding partnerships support a positive outlook.
Fiscal Year 2024
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Q4 2024 saw sequential revenue growth and strong gains in services and AI-driven business lines, with non-GAAP net income more than doubling. 2025 guidance projects renewed revenue growth, driven by expansion in connectivity, managed services, and VoiceAI.
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Q3 2024 saw stable revenues and record services mix, with strong growth in Live managed services and conversational AI offsetting declines in legacy and CapEx business. Recurring revenue and backlog surged, supporting a positive long-term outlook and continued investment in AI.
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Q2 2024 saw modest revenue growth, margin expansion, and strong gains in services and conversational AI, with recurring business now over half of revenue. Guidance for 2024 is reaffirmed, and a return to higher growth is expected in 2025 as legacy declines moderate.