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Equipment Leasing and Finance Association Announces Top 10 Equipment Acquisition Trends for 2021

Equipment Leasing and Finance Association Announces Top 10 Equipment Acquisition Trends for 2021
WASHINGTON, Jan. 25, 2021 The
Equipment Leasing and Finance Association (ELFA) which represents the nearly $1 trillion equipment finance sector, today revealed its
Top 10 Equipment Acquisition Trends for 2021. Given U.S. businesses, nonprofits and government agencies are expected to spend more than $1.8 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy.
ELFA President and CEO Ralph Petta said, “Not surprisingly, the effects of the COVID pandemic loom large in the list of trends this year. Despite upheaval throughout the economy, equipment acquisition continues to drive supply chains across all U.S. manufacturing and service sectors. Nearly eight in 10 of U.S. businesses use equipment leasing and financing to acquire the producti ....

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AudioCodes Reports Fourth Quarter and Full Year 2020 Results

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%; ....

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