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Earnings Call Summary | AudioCodes(AUDC.US) Q1 2024 Earnings Conference

Earnings Call Summary | AudioCodes(AUDC.US) Q1 2024 Earnings Conference

财报电话会议摘要 | AudioCodes (AUDC.US) 2024 年第一季度财报会议
富途资讯 ·  05/08 02:53  · 电话会议

The following is a summary of the AudioCodes Ltd. (AUDC) Q1 2024 Earnings Call Transcript:

以下是AudioCodes有限公司(AUDC)2024年第一季度财报电话会议记录的摘要:

Financial Performance:

财务业绩:

  • AudioCodes reported Q1 revenues of $60.1 million, a marginal increase of 1.5% from the previous year.

  • The gross margin rose to 64.4% from 61.7% in Q1 2023, indicating an improvement in cost efficiency.

  • Non-GAAP net income for Q1 2024 clocked in at $5.2 million, a significant increase from $2.7 million in Q1 2023.

  • The company made a substantial investment in improving its new corporate headquarter in Israel and executed a headcount reduction expected to result in annual savings of $6 million.

  • Its full-year guidance for 2024 predicts revenues in the range of $240 to $250 million and non-GAAP diluted net income per share between $0.85 and $1.

  • AudioCodes公布的第一季度收入为6,010万美元,比上年小幅增长1.5%。

  • 毛利率从2023年第一季度的61.7%上升至64.4%,这表明成本效率有所提高。

  • 2024年第一季度的非公认会计准则净收入为520万美元,较2023年第一季度的270万美元大幅增加。

  • 该公司进行了大量投资以改善其在以色列的新公司总部,并裁员计划,预计每年将节省600万美元。

  • 其2024年的全年预期收入在2.4亿美元至2.5亿美元之间,非公认会计准则摊薄后的每股净收益在0.85美元至1美元之间。

Business Progress:

业务进展:

  • AudioCodes is transitioning from a network equipment vendor to a software and services company.

  • Microsoft and Teams business grew by 8% and 9.6% respectively year-over-year.

  • Services accounted for more than half of revenues, marking a significant transition in the company's revenue streams.

  • The company expects to continue strong growth in its live business for Microsoft Teams and its new Voca CIC solution.

  • It also plans to further reduce its headcount as part of a cost reduction initiative, set to be executed in Q2 and Q3 2024.

  • The company is looking to increase its service output from the 50% benchmark set last year, targeting a rate of 52-55% for this year.

  • It anticipates the transition from a CapEx model to an OpEx model to continue through 2023, 2024, and possibly the first half of 2025.

  • Despite a decline in the legacy business, the company maintains a positive outlook for its service pipelines for the rest of FY 2024.

  • AudioCodes正在从网络设备供应商过渡到软件和服务公司。

  • 微软和Teams的业务分别同比增长了8%和9.6%。

  • 服务占收入的一半以上,标志着公司收入来源的重大转变。

  • 该公司预计,微软Teams的直播业务及其新的Voca CIC解决方案将继续强劲增长。

  • 作为成本削减计划的一部分,它还计划进一步裁减员工,该计划定于2024年第二季度和第三季度执行。

  • 该公司希望将服务产出从去年设定的50%的基准提高到52-55%,目标是今年的增长率为52-55%。

  • 它预计,从资本支出模式向运营支出模式的过渡将持续到2023年、2024年,甚至可能持续到2025年上半年。

  • 尽管传统业务有所下降,但该公司对2024财年剩余时间的服务管道前景保持乐观。

More details: AudioCodes IR

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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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