Our client, AudioCodes, (NASDAQ: AUDC) today announced financial results for the fourth quarter and fiscal year ended December 31, 2005.
Revenues for the fourth quarter ended December 31, 2005 were a record $30.6 million compared to $29.7 million for the quarter ended September 30, 2005 and $25.2 million for the quarter ended December 31, 2004. Fourth quarter revenues grew 3% sequentially and increased 21% compared to the fourth quarter of 2004. Net income for the fourth quarter of 2005 was $3.9 million, or $0.09 per diluted share, compared to net income of $3.5 million, or $0.08 per diluted share, in the third quarter of 2005 and $2.6 million, or $0.06 per diluted share, for the corresponding period last year.
Revenues for the year ended December 31, 2005 were a record $115.8 million compared to $82.8 million in 2004, a year-over-year increase of $33.1 million, or 40%. Net income for the year ended December 31, 2005 was $13.4 million, or $0.31 per diluted share, compared to net income of $5.0 million, or $0.12 per diluted share, in 2004.
Cash flow from operating activities was $3.4 million in the fourth quarter of 2005 and totaled $13.2 million in 2005, compared to $3.5 million in 2004.
You may read the news release by clicking below: