AudioCodes Reports Fourth Quarter and Full Year 2020 Results
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Fourth Quarter and Full Year 2020 Highlights
Quarterly revenues increased by 11.1% year-over-year to $58.7 million; full 2020 year revenues increased by 10.2% to $220.8 million;
Quarterly service revenues increased by 19.9% year-over-year to $21 million; full 2020 year service revenues increased by 16.7% to $75.4 million; and
Quarterly and full 2020 year UC-SIP revenues increased more than 20% year-over-year.
GAAP results:
o Quarterly GAAP operating margin was 20.7%;
o Quarterly GAAP net income was $8.4 million, or $0.24 per diluted share; and
o Full 2020 year GAAP net income was $27.2 million, or $0.83 per diluted share.
Non-GAAP results:
o Quarterly Non-GAAP operating margin was 26.2%;