Earnings: AudioCodes reports rise in profit

Net income rose to $3.9m., or nine cents a share, from $2.6m., or six cents, a year ago, the company said in a statement.

By AVI KRAWITZ
February 1, 2006 07:01
1 minute read.
audio codes 88

audio codes 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

AudioCodes Ltd., which develops technology for Internet phone calls, said profit grew in the fourth quarter because of its ties with telecommunications companies that raised spending on advanced networks. Net income rose to $3.9 million, or nine cents a share, from $2.6m., or six cents, a year ago, the company said in a statement. Revenue climbed to $30.6m. from $25.2m. Results were in line with the mean forecast of three analysts surveyed by Bloomberg News. Full-year profit more than doubled to $13.4m., or 31 cents a diluted share, from $5m., or 12 cents, in the previous year. Revenue rose to $115.8m. from $82.8m. in 2004, the Yehud,-based company said. AudioCodes CEO Shabtai Adlersberg said he expects 2006 to be a year of "growth and increased demand." Shares of AudioCodes fell 3.6 percent, to NIS 57.18 in Tel Aviv. Zoran Corp. halves its net losses Haifa-based Zoran Corp. halved its net losses in 2005 as record revenues were driven by a strong performance in its digital camera and DTV business. Zoran, a chip manufacturer for consumer electronics products, said 2005 brought net losses of $27m., or 61 cents a share, compared to $47.4m., or $1.11 per share, a year earlier. Full year revenues rose to $395.8m., from $378.9m in 2004. Fourth quarter net losses were $2.1m., or five cents per share, from a net profit of $5m. in the parallel 2004 quarter. Revenues for the quarter rose to $109.3m., from $74.8m. in the three months of 2004. NDS net income up 45% in Q2 NDS Group Plc said net profit for its fiscal second quarter ending December 31 rose 45% to $25.9m., or 45 cents per share, from $17.8m., or 32 cents per share a year earlier. The maker of conditional access systems for pay television services said revenues rose 7% to $152m. NDS, which has its main R&D center in Jerusalem, said the rise came through an increase in subscribers and middleware deployments.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS