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Technology Stocks : audiocodes ltd. (AUDC)
AUDC 8.930+1.0%Oct 31 9:30 AM EDT

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From: JakeStraw5/21/2014 8:10:37 AM
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Israel's AudioCodes expects boost from new R&D center
finance.yahoo.com

"I think that we will already see the payoff in 2015. This means more advanced solutions, and of course we believe we will increase our market share," he said.

In the shorter term, sales this year are expected to jump to $150 million from $137 million in 2013.

In 2013 AudioCodes sold $20 million in products and services that supplement Microsoft's Lync communications platform and Adlersberg said this should grow 40 percent in 2014.

He also expects revenue from session border controllers to reach $20 million, and with a boost from the R&D centre, he sees the company moving up in the market.

Mobile devices bring new opportunities, Adlersberg said. Starting in 2015 he expects revenue from products now in development for mobility and voice recognition. AudioCodes acquired the assets of MailVision, a developer of mobile voice applications, last year to boost its operations in the field.

"The company is investing and believes mobility will become a substantial growth engine starting in 2015," he said.
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