AudioCodes (AUDC) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$244.38M-11.16%
2022-12-31$275.09M10.51%
2021-12-31$248.92M12.75%
2020-12-31$220.77M10.23%
2019-12-31$200.29M13.66%
2018-12-31$176.22M12.43%
2017-12-31$156.74M7.67%
2016-12-31$145.57M4.16%
2015-12-31$139.76M-7.80%
2014-12-31$151.58M10.45%
2013-12-31$137.23M7.64%
2012-12-31$127.49M-18.18%
2011-12-31$155.83M3.86%
2010-12-31$150.04M19.18%
2009-12-31$125.89M-27.96%
2008-12-31$174.74M10.43%
2007-12-31$158.24M7.38%
2006-12-31$147.35M27.22%
2005-12-31$115.83M39.96%
2004-12-31$82.76M87.11%
2003-12-31$44.23M62.67%
2002-12-31$27.19M-23.91%
2001-12-31$35.73M-50.23%
2000-12-31$71.80M130.09%
1999-12-31$31.20M239.17%
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

DateRevenueChange
2024-03-31$60.08M-5.48%
2023-12-31$63.56M3.20%
2023-09-30$61.59M2.62%
2023-06-30$60.02M1.36%
2023-03-31$59.21M-16.20%
2022-12-31$70.66M1.34%
2022-09-30$69.72M1.99%
2022-06-30$68.36M3.02%
2022-03-31$66.36M0.39%
2021-12-31$66.10M4.24%
2021-09-30$63.41M4.68%
2021-06-30$60.58M2.95%
2021-03-31$58.84M0.29%
2020-12-31$58.67M3.72%
2020-09-30$56.56M5.68%
2020-06-30$53.52M2.88%
2020-03-31$52.02M-1.47%
2019-12-31$52.80M2.69%
2019-09-30$51.41M3.86%
2019-06-30$49.50M6.27%
2019-03-31$46.58M1.75%
2018-12-31$45.78M2.83%
2018-09-30$44.52M2.34%
2018-06-30$43.50M2.54%
2018-03-31$42.42M2.43%
2017-12-31$41.42M5.64%
2017-09-30$39.21M1.22%
2017-06-30$38.74M3.64%
2017-03-31$37.38M-1.01%
2016-12-31$37.76M1.54%
2016-09-30$37.19M3.68%
2016-06-30$35.87M3.18%
2016-03-31$34.76M-2.49%
2015-12-31$35.65M4.16%
2015-09-30$34.23M5.62%
2015-06-30$32.41M-13.54%
2015-03-31$37.48M-4.18%
2014-12-31$39.12M0.44%
2014-09-30$38.95M3.67%
2014-06-30$37.57M4.49%
2014-03-31$35.95M-0.83%
2013-12-31$36.25M3.50%
2013-09-30$35.02M3.97%
2013-06-30$33.69M4.40%
2013-03-31$32.27M-1.64%
2012-12-31$32.81M4.60%
2012-09-30$31.36M1.14%
2012-06-30$31.01M-4.04%
2012-03-31$32.31M-13.19%
2011-12-31$37.22M3.26%
2011-09-30$36.05M-13.16%
2011-06-30$41.51M1.14%
2011-03-31$41.04M1.43%
2010-12-31$40.46M5.67%
2010-09-30$38.29M4.98%
2010-06-30$36.48M4.81%
2010-03-31$34.80M1.89%
2009-12-31$34.16M6.47%
2009-09-30$32.08M5.68%
2009-06-30$30.36M3.62%
2009-03-31$29.30M-24.40%
2008-12-31$38.75M-16.84%
2008-09-30$46.60M2.08%
2008-06-30$45.65M4.37%
2008-03-31$43.74M2.10%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceJun 21Jun 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

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountryJun 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


TickerCompanyLast Year RevenueLast Quarter Revenue
CMTLComtech Telecommunications$1.11T$128.08M
INFNInfinera$1.61B$342.74M
HLITHarmonic$607.91M$195.76M
KNKnowles$462.30M$95.80M
AVNWAviat Networks$408.08M$111.61M
CRNTCeragon Networks$347.18M$88.50M
ITRNIturan Location and Control$319.98M$85.03M
GILTGilat Satellite Networks$266.09M$76.08M
DZSIDZS$244.54M$31.07M
AUDCAudioCodes$244.38M$60.08M
CMBMCambium Networks$220.19M$45.95M
KVHIKVH Industries$132.38M$28.67M
SILCSilicom$124.13M$14.37M
AKTSAkoustis$27.38M$7.51M

AUDC Revenue FAQ


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.

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).

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%.

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

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.