AudioCodes (AUDC) Revenue & Revenue Breakdown
AudioCodes Revenue Highlights
Latest Revenue (Y)
$244.38M
Latest Revenue (Q)
$60.08M
Main Segment (Y)
Products
Main Geography (Y)
Americas
AudioCodes Revenue by Period
AudioCodes Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $244.38M | -11.16% |
| 2022-12-31 | $275.09M | 10.51% |
| 2021-12-31 | $248.92M | 12.75% |
| 2020-12-31 | $220.77M | 10.23% |
| 2019-12-31 | $200.29M | 13.66% |
| 2018-12-31 | $176.22M | 12.43% |
| 2017-12-31 | $156.74M | 7.67% |
| 2016-12-31 | $145.57M | 4.16% |
| 2015-12-31 | $139.76M | -7.80% |
| 2014-12-31 | $151.58M | 10.45% |
| 2013-12-31 | $137.23M | 7.64% |
| 2012-12-31 | $127.49M | -18.18% |
| 2011-12-31 | $155.83M | 3.86% |
| 2010-12-31 | $150.04M | 19.18% |
| 2009-12-31 | $125.89M | -27.96% |
| 2008-12-31 | $174.74M | 10.43% |
| 2007-12-31 | $158.24M | 7.38% |
| 2006-12-31 | $147.35M | 27.22% |
| 2005-12-31 | $115.83M | 39.96% |
| 2004-12-31 | $82.76M | 87.11% |
| 2003-12-31 | $44.23M | 62.67% |
| 2002-12-31 | $27.19M | -23.91% |
| 2001-12-31 | $35.73M | -50.23% |
| 2000-12-31 | $71.80M | 130.09% |
| 1999-12-31 | $31.20M | 239.17% |
| 1998-12-31 | $9.20M | - |
AudioCodes generated $244.38M in revenue during NA 2023, up -11.16% compared to the previous quarter, and up 138.68% compared to the same period a year ago.
AudioCodes Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $60.08M | -5.48% |
| 2023-12-31 | $63.56M | 3.20% |
| 2023-09-30 | $61.59M | 2.62% |
| 2023-06-30 | $60.02M | 1.36% |
| 2023-03-31 | $59.21M | -16.20% |
| 2022-12-31 | $70.66M | 1.34% |
| 2022-09-30 | $69.72M | 1.99% |
| 2022-06-30 | $68.36M | 3.02% |
| 2022-03-31 | $66.36M | 0.39% |
| 2021-12-31 | $66.10M | 4.24% |
| 2021-09-30 | $63.41M | 4.68% |
| 2021-06-30 | $60.58M | 2.95% |
| 2021-03-31 | $58.84M | 0.29% |
| 2020-12-31 | $58.67M | 3.72% |
| 2020-09-30 | $56.56M | 5.68% |
| 2020-06-30 | $53.52M | 2.88% |
| 2020-03-31 | $52.02M | -1.47% |
| 2019-12-31 | $52.80M | 2.69% |
| 2019-09-30 | $51.41M | 3.86% |
| 2019-06-30 | $49.50M | 6.27% |
| 2019-03-31 | $46.58M | 1.75% |
| 2018-12-31 | $45.78M | 2.83% |
| 2018-09-30 | $44.52M | 2.34% |
| 2018-06-30 | $43.50M | 2.54% |
| 2018-03-31 | $42.42M | 2.43% |
| 2017-12-31 | $41.42M | 5.64% |
| 2017-09-30 | $39.21M | 1.22% |
| 2017-06-30 | $38.74M | 3.64% |
| 2017-03-31 | $37.38M | -1.01% |
| 2016-12-31 | $37.76M | 1.54% |
| 2016-09-30 | $37.19M | 3.68% |
| 2016-06-30 | $35.87M | 3.18% |
| 2016-03-31 | $34.76M | -2.49% |
| 2015-12-31 | $35.65M | 4.16% |
| 2015-09-30 | $34.23M | 5.62% |
| 2015-06-30 | $32.41M | -13.54% |
| 2015-03-31 | $37.48M | -4.18% |
| 2014-12-31 | $39.12M | 0.44% |
| 2014-09-30 | $38.95M | 3.67% |
| 2014-06-30 | $37.57M | 4.49% |
| 2014-03-31 | $35.95M | -0.83% |
| 2013-12-31 | $36.25M | 3.50% |
| 2013-09-30 | $35.02M | 3.97% |
| 2013-06-30 | $33.69M | 4.40% |
| 2013-03-31 | $32.27M | -1.64% |
| 2012-12-31 | $32.81M | 4.60% |
| 2012-09-30 | $31.36M | 1.14% |
| 2012-06-30 | $31.01M | -4.04% |
| 2012-03-31 | $32.31M | -13.19% |
| 2011-12-31 | $37.22M | 3.26% |
| 2011-09-30 | $36.05M | -13.16% |
| 2011-06-30 | $41.51M | 1.14% |
| 2011-03-31 | $41.04M | 1.43% |
| 2010-12-31 | $40.46M | 5.67% |
| 2010-09-30 | $38.29M | 4.98% |
| 2010-06-30 | $36.48M | 4.81% |
| 2010-03-31 | $34.80M | 1.89% |
| 2009-12-31 | $34.16M | 6.47% |
| 2009-09-30 | $32.08M | 5.68% |
| 2009-06-30 | $30.36M | 3.62% |
| 2009-03-31 | $29.30M | -24.40% |
| 2008-12-31 | $38.75M | -16.84% |
| 2008-09-30 | $46.60M | 2.08% |
| 2008-06-30 | $45.65M | 4.37% |
| 2008-03-31 | $43.74M | 2.10% |
| 2007-12-31 | $42.84M | - |
AudioCodes generated $60.08M in revenue during Q1 2024, up -5.48% compared to the previous quarter, and up 85.03% compared to the same period a year ago.
AudioCodes Revenue Breakdown
AudioCodes Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Products | $123.99M | - | - | - | - |
| Service | $120.39M | - | - | - | - |
| Grant | - | $624.00K | $570.00K | $388.00K | - |
| Networking | - | - | - | - | $191.67M |
| Technology | - | - | - | - | $8.62M |
AudioCodes's latest annual revenue breakdown by segment (product or service), as of Dec 23: Products (50.74%), and Service (49.26%).
Quarterly Revenue by Product
| Product/Service | Jun 21 | Jun 20 |
|---|---|---|
| Service | $44.60M | $34.84M |
| Product | $74.81M | $70.70M |
AudioCodes's latest quarterly revenue breakdown by segment (product or service), as of Jun 21: Product (62.65%), and Service (37.35%).
AudioCodes Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Americas | $126.42M | $139.58M | $103.19M | $97.45M | - |
| Israel | $3.67M | $5.72M | $5.38M | - | - |
| Europe | $78.94M | $87.68M | $88.75M | $75.49M | $72.96M |
| Eastern Asia | $35.35M | $42.11M | - | - | - |
| Americas, principally the U.S. | - | - | $115.81M | - | - |
| Far East | - | - | $38.99M | $36.08M | $27.23M |
| I | - | - | - | $6.01M | $2.65M |
AudioCodes's latest annual revenue breakdown by geography, as of Dec 23: Americas (51.73%), Europe (32.30%), Eastern Asia (14.47%), and Israel (1.50%).
Quarterly Revenue by Country
| Country | Jun 21 |
|---|---|
| Product | $74.81M |
| Service | $44.60M |
AudioCodes's latest quarterly revenue breakdown by geography, as of Jun 21: Product (62.65%), and Service (37.35%).
AudioCodes Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CMTL | Comtech Telecommunications | $581.70B | $128.08M |
| INFN | Infinera | $1.61B | $342.74M |
| HLIT | Harmonic | $607.91M | $138.74M |
| KN | Knowles | $462.30M | $204.70M |
| CRNT | Ceragon Networks | $347.18M | $88.50M |
| AVNW | Aviat Networks | $346.59M | $111.61M |
| ITRN | Ituran Location and Control | $319.98M | $85.03M |
| GILT | Gilat Satellite Networks | $266.09M | $76.08M |
| DZSI | DZS | $244.54M | $27.67M |
| AUDC | AudioCodes | $244.38M | $60.08M |
| CMBM | Cambium Networks | $220.19M | $45.95M |
| KVHI | KVH Industries | $132.38M | $28.67M |
| SILC | Silicom | $124.13M | $14.37M |
| AKTS | Akoustis | $27.12M | $7.51M |
AUDC Revenue FAQ
What is AudioCodes’s yearly revenue?
AudioCodes's yearly revenue for 2023 was $244.38M, representing a decrease of -11.16% compared to 2022. The company's yearly revenue for 2022 was $275.09M, representing an increase of 10.51% compared to 2021. AUDC's yearly revenue for 2021 was $248.92M, representing an increase of 12.75% compared to 2020.
What is AudioCodes’s quarterly revenue?
AudioCodes's quarterly revenue for Q1 2024 was $60.08M, a -5.48% decrease from the previous quarter (Q4 2023), and a 1.46% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $63.56M, a 3.20% increase from the previous quarter (Q3 2023), and a -10.04% decrease year-over-year (Q4 2022). AUDC's quarterly revenue for Q3 2023 was $61.59M, a 2.62% increase from the previous quarter (Q2 2023), and a -11.66% decrease year-over-year (Q3 2022).
What is AudioCodes’s revenue growth rate?
AudioCodes's revenue growth rate for the last 3 years (2021-2023) was -1.82%, and for the last 5 years (2019-2023) was 22.02%.
What are AudioCodes’s revenue streams?
AudioCodes's revenue streams in c 23 are Products, and Service. Products generated $123.99M in revenue, accounting 50.74% of the company's total revenue Service generated $120.39M in revenue, accounting 49.26% of the company's total revenue
What is AudioCodes’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of AudioCodes was Products. This segment made a revenue of $123.99M, representing 50.74% of the company's total revenue.