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Technology Stocks : audiocodes ltd. (AUDC)

AUDC 8.930

+1.0%

Oct 31 9:30 AM EST

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From: JakeStraw	1/27/2015 8:32:21 AM
	of 229

AudioCodes Reports Fourth Quarter and Full Year 2014 Results finance.yahoo.com Full year 2014 revenues totaled $151.6 million, up 10.5% year over year Operating margin continues to improve "We are pleased to report strong financial results for the fourth quarter, our tenth consecutive quarter of improved financial performance, and solid growth for the full year 2014," said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes. "AudioCodes' 2014 performance was underlined by the successful execution of our strategic realignment to focusing on the growing needs of enterprise and business customers, driven primarily by sales in the Microsoft Lync voice ecosystem and in the contact center and business services markets. We have achieved a better than anticipated increase in our service revenues in the fourth quarter and full year 2014. Investments made with our global partners in the unified communications market over the past few years continue to contribute to our sustained growth and leadership in the enterprise voice business. These investments, coupled with increased focus on software products, solutions and services, are expected to provide further strength and support to our success in coming years." "We continue to focus on controlling costs and were able to achieve 7.4% operating margin in the fourth quarter representing the highest level since the beginning of 2012. We continue to generate cash and keep a strong balance sheet," said Ofer Segev, VP Finance & CFO of AudioCodes.

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