Q1 2025 AudioCodes Ltd Earnings Call Transcript
Key Points
- AudioCodes Ltd (AUDC) reported a revenue increase of 0.5% year-over-year, reaching $60.4 million for the first quarter of 2025.
- The company's services revenue grew by 3.4% year-over-year, accounting for 54% of total revenues.
- AudioCodes Ltd (AUDC) achieved a gross margin of 64.8%, slightly higher than the previous year's 64.4%.
- The company is making significant progress in its transformation towards a cloud voice software and services company, with a focus on AI-powered voice services.
- AudioCodes Ltd (AUDC) has successfully attracted interest from large global system integrators for its conversational AI business voice services.
- The company has withdrawn its annual guidance due to the uncertainty surrounding tariffs and macroeconomic conditions.
- AudioCodes Ltd (AUDC) faces an estimated additional cost burden of $3 million to $4 million annually due to tariffs.
- Non-GAAP operating income for the first quarter decreased to $5.4 million from $6.3 million in Q1 2024.
- The company's non-GAAP net income per diluted share decreased to $0.15 from $0.17 in Q1 2024.
- The slow growth in services revenue this quarter is attributed to the timing of professional services project completion.
Good morning everybody and welcome to the audio codes first quarter 2025 earnings conference call. (Operator Instructions). Please note this conference is being recorded. I will now turn the conference over to your host, Roger Cuchen, Investor Relations. Roger, the floor is yours.
Thank you, operator. Hosting the call today are Shabtai Aliceberg, President and Chief Executive Officer, and Nan Baruch, Vice President of finance and Chief Financial Officer. Before we begin, I'd like to remind you that the information provided during this call may contain forward-looking statements relating to audio codes, business outlook, future economic performance, product introductions, plans, and objectives related there too, and statements concerning assumptions made.
Or expectations as to any future events, conditions, performance, or other matters are forward-looking statements as the term is defined under US federal securities law. Forward-looking statements are subject to various risks and
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