AudioCodes Reports 21% Sequential Growth in Revenue

AudioCodes reported Q3 revenues of $23.1 million compared to $19.1 million for the second quarter ended June 30, 2004 and $11.8 million for the third quarter ended September 30, 2003. Q3 revenues grew 21% sequentially and increased 95% compared to Q3 2003. Net income for Q3 2004 was $1.6 million, or $0.04 per share, compared to a net loss of $1.6 million, or $(0.04) per share, for the corresponding period last year. The company cited strong demand across its portfolio of VoIP enabling technology and media gateway and server products. http://www.audiocodes.com