Audiocodes Beats Analysts’ Expectations, Plots AI Venture
The Voice Over IP lists as Softbank, and Deutsche Telekom as customers
Nasdaq-listed voice over IP company AudioCodes Ltd. published its fourth quarter and full year reports for 2017 Wednesday, exceeding analyst expectations.
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The company reported fourth-quarter revenues of $41.4 million, a 9.7% year-over-year increase, beating analyst expectations of $40.3 million, and annual revenues of $156.7 million in 2017, a 7.6% year-over-year increase.
On Tuesday, AudioCodes announced the establishment of a new artificial intelligence business unit that will work in parallel to the company's existing voice networking business to provide its clients with conversational analytics and insights.