AudioCodes reported Q1 revenues of $36.5 million compared to $42.6 million for the quarter ended December 31, 2006 and $31.3 million for the quarter ended March 31, 2006. First quarter revenues decreased 14.2% compared to the quarter ended December 31, 2006 and increased 16.6% compared to the first quarter of 2006. GAAP net loss was $2.4 million, or $0.06 per diluted share, for the first quarter of 2007.
“The first quarter results were lower than originally anticipated. Our first quarter results were impacted by weakness in our APAC and Israel sales and weaker than expected performance by our recent acquisitions and our Blades Business Line sales,” stated Shabtai Adlersberg, President, Chairman and CEO of AudioCodes.
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