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After four years of stock repurchases totaling more than $ 90 million, the Israeli company AudioCodes Ltd. has chosen to pay dividends to shareholders, said Tuesday the telecommunications technology company in its second quarter results.
AudioCodes CEO, Shabtai Adlersberg Photo: RP
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After publishing the financial results, AudioCodes saw its shares climb 5% on the Tel Aviv Stock Exchange. The company is also traded on the Nasdaq.
AudioCodes CEO, Shabtai Adlersberg Photo: RP AudioCodes said the dividend amount would be 20 per share for a total of 5.7 millions of dollars.
The turnover increased by 12.3% to $ 43.5 million compared to the second quarter of last year. Analysts expected revenues to reach $ 42.15 million.
The company also posted a quarterly profit of $ 4.1 million or 14 cents a share, up from $ 2.5 million or 8 cents a share a year earlier. Analysts had forecast a profit of 9 cents.
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