AudioCodes Reports Fourth Quarter and Full Year 2021 Results and Declares Semi-Annual Dividend of 18 cents per share

AudioCodes, a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced its financial results for the fourth quarter and full year periods ended December 31, 2021.

Revenues for the fourth quarter of 2021 were $66.1 million compared to $63.4 million for the third quarter of 2021 and $58.7 million for the fourth quarter of 2020. Revenues were $248.9 million in 2021 compared to $220.8 million in 2020.

Net income was $7.3 million, or $0.22 per diluted share, for the fourth quarter of 2021 compared to $8.4 million, or $0.24 per diluted share, for the fourth quarter of 2020. Net income was $33.8 million, or $1.00 per diluted share, in 2021 compared to $27.2 million, or $0.83 per diluted share, in 2020.

On a Non-GAAP basis, net income was $13.4 million, or $0.39 per diluted share, for the fourth quarter of 2021 compared to $15.2 million, or $0.44 per diluted share, for the fourth quarter of 2020. Non-GAAP net income was $51.8 million, or $1.50 per diluted share, in 2021 compared to $46.7 million, or $1.41 per diluted share, in 2020.

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