AUDC - Earnings call transcript Q3 2024

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Operator

Greetings. Welcome to AudioCodes' Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Roger Chuchen, Vice President of Investor Relations.

You may begin.

Roger Chuchen

Thank you, operator. are Baruch, President and Vice Officer. today Officer; Chief Chief call Niran and President the Shabtai and Adlersberg, Executive Financial Hosting of Finance

under we plans, relating to that business outlook, remind this Before performance, may AudioCodes' like product economic provided introductions, matters thereto, U.S. call statements information objectives term events, conditions, future and to as any the during Law. statements you forward-looking contain related Securities as future or I'd begin, Federal concerning are other expectations is statements, assumptions and defined made the or to forward-looking performance,

products and ability could operations, effects of and and on customers' ability the manage perform its Israel impact AudioCodes with into and effect and the and personnel filings are conditions COVID-XX include, various attacks terrorist to our results particular, result shifts develop business, covenants other new other Israel Securities and demand and disruptions to statements AudioCodes' risks, products supply with ability possibility acceptance not companies economic of and our of involving the products, in and war may in competitive Hezbollah, in to, global a and pandemic actual our actions this this by factors military financing, AudioCodes that from to our conditions obligation for and hostilities results Israel possible needed, impact ability as materially products to uncertainties no the and may the to market are These successfully those agreements, stated Forward-looking any and disruption well conditions service the AudioCodes affect of of satisfy in market current in need information. regional business from timely in subject broader industry acquired in and development, in involving changes as loan Hamas general upgrades conflict operations limited as and Company's pricing products to operations the the and as U.S. and markets our Hamas of to differ product between such AudioCodes' cause adverse into AudioCodes' factors of technology on and the the of detailed that and our demand, target and for in of by to solutions, could and sell a future markets, military the produce statements. the of risks additional possible acquisition, parties existing uncertainties, but limit other Exchange operations and assumes obligations current update factors Commission. or the Israel, the integrate possible

per and website. income share. to during income net is refer has the non-GAAP of to full and the and non-GAAP AudioCodes addition, income per posted net income reconciliation In AudioCodes that release in according press to per the net share share, GAAP net income on provided its net call, income

like Shabtai, on call made please the is of Relations management, turn recorded. the conclusion archive all to Shabtai. the remind be I being over the will the I'd that this at call. With Before I website the call said, like of An to company's turn available call go that webcast everyone section the over would Investor to ahead.

Shabtai Adlersberg

trends in the and and and by welcome will of the core Vice morning XXXX Niran start AudioCodes. of is our discuss review developments and a industry. financial Financial would President Niran quarter our like good to will to conference highlights summary and of overview this everybody. presenting and Good the all Thank off afternoon, Officer Baruch, then Finance I core. call. morning for me With third business you, Chief business Roger. I

Niran? session. Q&A the into it turn then will We

Niran Baruch

and you, everyone. Thank Shabtai, hello,

Investor start and Before release post like an this call, we my on would formal we On morning, that contains financial a non-GAAP we that our our today's supplemental with results. call. earnings both be in website will this will remarks, financial shortly earnings the remind morning release I everyone be that I Relations earlier press discussing The issued to reconciliation to non-GAAP conjunction supplemental earning will on I referring this deck. GAAP information of

of performance. Revenues the quarter of our $XX.X second accounted it reported quarter year. revenues for for $XX.X Services $XX.X were XX, quarter current the comparing revenues. results of the in XXXX revenues the XXXX, the of in XX% total to million, The the gauge were as provides compared as a September over was quarter our for revenues the an believe third current Services third $XX $XX the deferred of Revenues over be as quarter million reported by quarter million we in EMEA, Pacific America, X%. XX%; XX%; and quarter as X.X% will were June $XX.X XXXX. the follows: Latin of increase split X.X% XX%; of million, year. Central quarter for a prior and million of third North third second to better the geographical region of Asia decrease We million financial America amount XX, the

the to attributed our of for income QX margin X.X% or income XX.X% or to Operating $X.X revenues was million QX diluted for of the XXXX. million $X.X for share. net $X.X equivalents, The follows: $X.XX compared million our permits or or which share was or million XX, for the an August Days quarter X, results Net XXXX. Non-GAAP this was to received XXXX. aggregate approximately XX.X% distributors. GAAP share diluted EBITDA operating to million was the quarter XX follows: of the of XXX in part revenues XXXX. us was million revenues compared dividend dividend of $X.X QX our X.X% XXXX, operating XX, a top to of compared third to by million EBITDA of approval purchase through million XX, of declared million. Non-GAAP was compared million for per million for outstanding was was to the a The income per diluted Non-GAAP provided QX million shares. $X.XX customers XXXX. On in or $XX.X in was gross and an $X.X quarter XXXX, $XX of for results marketable cash XX% amount. of the of $X.X QX compared also net for trading $X.X for of we July of aggregate QX to to Gross share quarter of the QX $X.X of in million in XX.X% on as September bank largest per was were sales XXXX. quarter Non-GAAP In record The September of revenues diluted of the as ordinary Our was July $X.X for dividend XXXX, in quarter declare quarter per amount approval compared to third of cash, end court EBITDA $X.X million. securities, third represented in quarter the margin aggregate at to QX XX XXXX. compared income as $X.X XX.X% $X.XX XXXX. At or close of $X.XX for totaled are per are XXXX. Net investments XX% income of $X.XX XXXX, up $X paid $X.X $X.X XXXX. activities XX.X% share for approval the shareholders million days. XXXX amount was the additional Non-GAAP court EBITDA non-GAAP million January XX, revenues cash of cash of to of income to the The financial XXXX. third operating quarter third or any compared August quarter, Israel valid is dividend XX.X% we deposits,

$X.X for for Shabtai. in During $XX to of million. over a acquired $XXX our of reiterate guidance of EBITDA the $XX million the million consideration in quarter, range of now back XXXX we the range million call ordinary non-GAAP total will shares turn the for We be million. I to revenues to our and $XXX XXX,XXX to approximately

Shabtai Adlersberg

Niran. and to efforts related company. quarter CCaaS on cloud report make on in our advance was sequentially, performed key We North expected growth main region. steady by UCaaS the engine, VoIP conversational services our against the strategic the Thank we in substantial and journey networking in and quarter AI business Microsoft continue business. In successful to up our our I'm to America pleased a third progress third DACH to business Microsoft sequentially. quarter as in operations business software the and our as X.X% X% area, able to growth and key company business the were highlighted you, grew to execution Teams our priorities transform connectivity,

third the quarter. in services kept Our evolving business

on Third X.X% Fueling growth and of services the AI. Live quarter revenues, record engine services us. and primary revenue managed revenue for our services the of grew our conversational strength accounted for were stream year-over-year XX% is highest

with partnership backlog Live up Microsoft built XX% multimillion and and Also, leveraging revenues growth of revenue This business our revenue, third onboard their last our ended customers success has annual success several of North to in to expertise in 'XX at year connectivity the services fruitful AT&T our bodes the stream to business of There's to services of Live just standing secure for of years. strong annual This revenue revenues managed compared accounted coming $XX at growth We and customers to ending trust our growth services strong recurring quarter as the partners business underscoring XX% which Live $XX Teams have signed. in well the contributed multiyear in $XX voice XX%, then year-over-year years. And is in total ago. better than space. recurring just XXXX. building a for providing years owed enterprise the million of business the has from Specifically, $XX year-over-year recurring with year grew close contracts partnership help with exiting ago million million the stream is represents XX% backlog long-term in in translated to a compared Teams. quarter. year-over-year to growth, a over managed Microsoft quarter recurring Live XXX third voice million and America, This throughout no proof we annual

we for reported roughly the forward. On going As contracts conversational get quarter, such, backlog once third of of revenue Live quarter signed recognized a the the dollar positive the increased for third period. outlook very the quarter and combine XX% services versus AI, result ago value we year in with growth

and Accordingly, recording pickup in AI, conversational growing ongoing strong solutions UC productivity demand for seen interaction drive our driven such long-term CX SaaS AI-first workflows of CX to have Voice AI suite, Speaking Meeting operational Connect. into CIC, gains. tailwind AI pipeline and by activities Voca of significant infusing continues, AI recording including we in momentum conversational Teams, across our Insights as solution entire Microsoft and customers'

Just as revenue XXXX we $XX will growth and we us. in this million above XX%, time did for investing will grow in year, are XX% in the for XXXX, first cross level. the engine This new

the losses investment Business, our good delivered incurring AI. results conversational pipeline conversational on reinforcing line our $X line, and As performance beyond. for the bodes we that AI business, such top the CCaaS and Microsoft this the in business and improved in well in that in for projects figure of an CX, substantial in investments business are are believe business quarter Glad that showing we we head XXXX say number around specific for seeing in of UCaaS our we to as major XXXX as already overall We application Live growth voice and same with practice in emerge. Overall, growth potential this and healthy mode XXXX. the and million are about and priorities the markets into strength

some of the me in wins quarter. the Let discuss notable

complex IT us model the preferred of subscription to over The budget to years lieu first with bank company XX to to coupled service with level service several tight shared to CX capital and Operating a with and infrastructure, deliver gear country move meet relates that in expectations, multinational to UC managing spending. the need our one both operations. had their last over connectivity a the

conversational I many of months names. We XX integrators. We longstanding to respondents system the RFP mention relationship some of leveraging the solution due connectivity won't AI are management. portfolio. In cross-sell largest of This and -- our our Among mission-critical in transitioning demonstrates mainly that trusted signed several point one ago. these U.K. issued multiple signed gateway trust a voice the industrial won UCCX win vendor we multi-core quality managed in of as were figures world's a contract the value in multinational in as as North voice our a and success services over contract from on rollout. and player infrastructure successfully a product The service the years broader another well to of our the customer contract of to and opportunity, providing low initial device master with phase goodwill built solutions. XX-month America dealer, the with Pro for total with X Teams global equipment Live global range as a

has The Third putting of services examples CCaaS CIC account voice for on our position business contract are Voca follow the application win, potential of for we to and land further in up AI a AI facto platform growth. agencies we the the growing various Gen capabilities. a expand the be upselling pole foreign testimonial portfolio to as with our contracts of CX connectivity a suit big government These renewal. same by business success new Teams-based legacy to strategy powered signed for where the government, potential business with de our be and came

let's business to Before turning to detailed line third profitability shift metrics. the quarter quickly discussion,

Our XX% non-GAAP planned last of long-term at quarter the range compared came gross to XX% the and margin levels XX.X%, business to for within in the XX.X%. quarter

intend the million, we non-GAAP a and levels with conversational and X the to which for enjoy budget to and evolving initial quarter larger business in activity, On in we quarter second new year. to support coming and cover our of top our was than initial announce relates number budget in the higher maintaining OpEx of solutions weeks in the success space. projects this need Third following, in I'll conversational in investment our larger Key $XX.X AI growing factor line planning months. current AI

of with XXX employees, down headcount, full-time of and in XXX in employees to Regarding second quarter the we headcount from XXXX. third second quarter the the compared ended XXX quarter employees

in quarter to result provided AI million which conversational should $X.X of EBITDA business. million healthy last investment activities present in compares business, our which on the or quarter Again, operating cash XXXX. nature of growing Net of of $X.X levels higher Third XX.X%. adjusted to XX.X% $X.X or margin alludes investment a was as all return nice million, our already by

Microsoft our to Now business.

in business X% North the grew and highlighted Microsoft quarter third Our growth America DACH sequentially, by steady region.

revenue XX% at strong Teams has compared the time, over XXXX. At XX% planning. well to year-over-year, accounting XX% our year terms just In quarter, the business recurring X.X% line, Live translated revenue of third XX%, business, annual Teams with line Microsoft business Recurring grew third was in million Teams strategic exiting the in quarter. Teams $XX recurring of for ARR, down up in same now business as ending XX.X% to business year million ago to XX% Teams to sequentially, of the compared year-over-year quarter $XX in XX.X% Live the our from was accounting and in again, business now growth the quarter quarter. of CapEx-based up ago managed services stream

the Microsoft a and growth CapEx focus see return business coming to business on with continued years. declining of we business, expect Teams recurring double-digit to So Live in Teams

our in bodes business. business is Importantly, just demand active result, Live of AI growth Voice sequentially for ahead as years the gen adoption remains and further robust, million supporting for today, over recent Teams the of PSTN runway there million spur Teams of in Microsoft up our system for long coming Microsoft XXX could creators we adoption XX% Microsoft opportunity a of phone Copilot Teams Live rising incorporation and Teams Phone ecosystem. a features and us. What well which Phone pipeline With monthly continued Teams believe users, XX% in users over fraction a this of year-over-year, XX is

important services Teams demand is and contact in integration, UCaaS search which all substantially segment. a Teams to the Another our for include, will expand years, representing grow and market study for phone coming further These is applications value-added support upsell firm, in application applications, application, opportunities the applications, and research a for by space the business recording Microsoft for CRM us. others, Microsoft voice emerging strategy value. the published bound in added that the land to provide trend center analytics among may According

Now moving CX. to

America helped steady CX Live in continued strength XXXX growth ongoing business grew CX. and quarter Third North X.X%, by in

In to to embarking from above we we grew booking secular XX% in terms migration and is CX, compared enterprises grow XX% CX on Live journey. XXX% cloud in expect 'XX. XXXX of their large to now trend Live for another XXXX, of to by 'XX momentum strong The driven

complexity from contact migrating them endeavor. Historically, of our Live the AudioCodes these a and support provider like majority wins in CX with of from are enterprises increasingly turning sales nature managed legacy center arose Given to large the trust system associated to service direct contribution. infrastructure, contract this mission-critical the

working I'm that better this We have are to these in scale Live us CX. help diligently been glad to to efforts develop report channel off. paying

past the several partners We're in region a projects multiple additional in CALA closely working contract process million totaling signing. been on in with over now to example, future. over in For a years, $X the near have partner we the add

conversational do to gains quarter to drive AI resources. is momentum ongoing into demand contract ago long-term value workflows increased signings more operational XX% increasingly finite tailwind versus dollar third rising to the roughly as with amount the customers' of productivity period. and AI. enterprises UCCX Now infusing AI The the attributable strong Conversational of to of look year

disproportionate AI investing second As business R&D now pillar, the amount to quarter, of growth disclosed are our we major we last long-term this conversational into be expect resources meriting line.

some Let with AI the business me you conversational portfolio. individual line of through walk highlights

voice contact certified of center First, secular CIC, representing this UC the trend world platform, AI-first -- investment leveraging R&D fruits CIC, the in this of the to convergence. Teams UCCX our Teams dominance amidst our Voca Voca is

at for in quarters experiencing, revenue regards growth we combined the XXXX idea Just first XXXX, of above bookings. With to quarter, leading to office grew looking Voca Voca give you the offices year, when of the the activities an to in on-prem go-to our the some West substantially won vendor. activity of the compared in for the are we replacing about number growing CIC in X we country. XX% a a solution third government group was as the in government Europe, contract the on-prem entire CIC legacy the CCaaS with in selected

continue of universities the onboarding the XXXX, we second which XXXX America of show X of to space in X in North momentum U.S. with signed University far. Following out Florida, largest signed in total, good in so the Central the education during university

So some north we and of nice year-over-year XXX in a dollar very growth -- pipeline. see of growth number see we to saw XXX% growing of created total We in pipeline the close amount. opportunities

the the in the the that that omnichannel parity reached Microsoft in combined that the of centered With feature capability Teams parity with any us that product, with leading of pack around voice, full AI and is release for in We center callback conversational with the virtually around CIC the have fully-fledged situation, contact our solution space Voca feature capability voice. believe place environment. CCaaS

to Insights. on Meeting Moving

a product now of and been has year. The stable product. mature have We launched this in March

We customers few Teams concepts, countries. to launched major more Webex France, in have -- October, support operations we Italy, with U.K. Google Mia intend U.S., the quarter XXX X adding running quarter Netherlands. we more year to in X/X in In product for and fourth launched application Now. the meetings. We Europe in now Cisco in planning Zoom another have and onboard fourth this and Sales have Meetings countries: More Germany, and the X for the already are far deployed addition of of now and active already than so countries all about to a support the September in X in we in of Meet the and proof applications, support accounts UCaaS including than agnostic Microsoft 'XX. and UCaaS make paying the Israel,

meetings, in some terms give grew grew quarter, you the of to XX% third number we in of Just we sequentially. -- highlights,

in with that So our that using to XX%, value among we're have than number the customers. we active Same grown substantially users, fact way major mainly of due users, generative to in a others. represents huge to more growth, provide AI

presentation, and growth the cloud company So managed quarter transform made to conversational with my into recurring AI. primary fostering objective our and progress up family wrap to engines, services software our of in services revenues have through a of of our we good X increasing long-term mix Live on

increasing are the and support half line revenues progress Thank nearing With we with and believe expansion back you. our the and making top to bookings, the operator. over healthy of now call we recurring laid turn have long-term. I'll Live Microsoft the we foundation margin in Teams to the sustainable

Operator

today [Operator for Instructions] Your question is from Barclays. first MacWilliams Ryan with

Ryan MacWilliams

Damon is MacWilliams. for This Ryan Calvin on

budgets AI your healthier how year about customers generally And are in year. curious are investments for Just next your thinking next for getting conversations?

Shabtai Adlersberg

my we in presentation, increased mentioned I've demand. as Well, see interest Yes. and

have -- go-to-markets, have Meeting actually, application, SaaS Insights. Voca is X We CIC, including now which one, we

recorder. We have compliance SmartTAP, which is a

interesting space, a will for to because the We project talking CRM, And few AI increasing in new active to announce definitely huge many area the usually, and government product demand the we customization, very management, as other And that's see our face a in very solution, space. you One more. implementing is in uptick connectors areas. on projects have a we about when side, coming weeks. you're such, applications, connectors

of lot a space. for in solution that there's yes, So interest

Ryan MacWilliams

how should seems 'XX? And AudioCodes like fiscal a XQ service is strides and we company and think revenue first. of then to in and year about making software cloud growth become services It product

the So how in breakdown revenue the we curious about think near-term. should just

Shabtai Adlersberg

Right.

I've AI. services in lines, So which Live about our speaking conversational been growth are mainly key and

of sales at restraining as in are I the witnessed One factors. would we time, facing kind perpetual we services, same X CapEx is, Live drop Teams. say, However, in grow we with of,

impacting is of top our layer growth. having some kind that on So or of

has would Live We is believe now you're muted now. XX%. growth say, XX% that and the caused, revenues about of is I that about right So seeing CapEx

expect, And with to that X you'll therefore, or see meaning we will forward actually, move nice Live start point I we as in in that the X, business cross X quarter, picture growth. has quarters, to XX% So X And double-digit reverse. as this Microsoft see growth. in another XXXX quarters, grown all

that. on that's So

of The the in revenues, is quarter and first was quarter a from mainly in the also this in impacts quarter. see that we a to the face during business, then gateway phenomenon SBC decline actually the the fourth legacy year, and factor other the the which but slightly usually this third -- year. less Then uptick that business. And drop one we

So million hit just to give we moving drop. to $XX about you idea 'XX by from some 'XX, were

I up that $XX think we $X 'XX that impact with of to which visible end will another, I million, decline probably I substantially be will million, somewhere drop. would of say, figure 'XX, $XX weaker. legacy million now million this in again but means between the $XX be expect and

those Live AI still of in business, the one and business and conversational are trends. legacy and we from declining both hand, So nicely have CapEx. we're connectivity some On growing suffering Teams

Operator

Your from Needham Koontz next Company. question for with & Ryan today is

Ryan Koontz

here. Question

And you using shed eye to a you talked of kind license ARR? on business? here, that this in the line, maybe subscription, that what subscription on on that are you internally bookings other or at business? those you as from bookings? reflect have transformation you Are light an RPO looking Any KPIs might or the to in subscription subscription can -- your there about track top KPIs stall With momentum continued

Shabtai Adlersberg

Right.

the revenue the into recurring the translates So of the annual such have you us day, which mentioned. the yes, have at monthly revenue, and revenue end recurring we few for The a then KPIs most actually, as recognize report. and is important we

KPI. one that's So

versus The higher. Because our which substantially semiconductor the other for me, from, obviously, just let's say, the important booking even about one, the way, book-to-bill business, is is, take if talk by bookings. is more book-to-bill, an you on recognition analogy

track our bookings. definitely we So

As on the $XX at I've mentioned versus now a is year million ago. backlog call, $XX million

force, efforts So that's increasing meaningful steady the And a of side about targets. flow And course, sales bookings very business. we by for with really what the all is side, mean are really of million our bookings. $XX towards the drives in our have I even pointing compensation a booking quarter. revenue meeting of of

Ryan Koontz

substantial in backlog, are the -- is maintenance that a is backlog? subscription And there license it contracts? Or Great. that your that composition dominantly -- of that of piece

Shabtai Adlersberg

majority sound the see of mean managed very is faster The to has to we whenever a you're lighter is forget usual about XX take some thousands. contract or talking that seats, a all Actually, thousands acceleration. when let's contract of basically But Teams and UCaaS seems -- report or large Yes. now been I business. initial win, we for we the industry not in services, it about a we know previous thousands Microsoft seats which years hundreds trend. relates -- growing few companies, that of

So as it space now, right million. just is the -- I've is $XXX million. Teams is mentioned, PSTN Phone $XX means, Teams

huge and of runway a a move. there's So XX I range could XX years. And It's have us. ahead therefore, gradual believe that we a space that

crisis. and 'XX the in spending 'XX soft due the economical that to forget not Let's

So outpacing all Live line we're -- all, see us growing the the just we you'll that growing declining optimistic in in line, very revenues. CapEx

Ryan Koontz

maybe SBCs around of seeing at more you in follow-up, what you're in AI from One I around market, great. pressures these terms if agents there your for any seat seeing with could, That's renewals? CX renewals Are productivity in all? the

Shabtai Adlersberg

No, no.

stable steady market we and think No, any at kind a see see for I of us. we fairly this don't pressure stage.

Operator

question Samad Jefferies. Samana today next for with is Your from

William Fitzsimmons

business the Fitzsimmons Microsoft year. is you to This on growth actually in double-digit expressed Samad. confidence for returning Shabtai, next Billy

pipeline understanding the I'm maybe for pipeline? we are, kind can who of Just of your versus the in XX% on in those is XX% like and down expand how should sounds quarter? what what there the maybe there sequentially you're occurred on confidence to kind customers correctly, think and if what just seeing you up gives about opportunities, year-over-year. you It biggest Can you break pipeline that, third double-click

Shabtai Adlersberg

Yes.

enterprises. Live cannot largest So the really in We quote we we U.S. to well, the names. actually, business, --

mentioned mean Florida CX for Some close contract. University value of the I've public. space, mentioned I I've are was that $X million to

CapEx is We Live as should and now follows, declining now have maybe XX% XX%. XX%, business, thing is the repeat XX%. growing the I but such of -- several numbers. is but

So already that to source but, will Microsoft confident not double-digit is 'XX seen just take our growth see those And of going over. come in that's That I'm in ability double-digit that I'm growing will in A, continue. be and business. we'll growth. 'XX, trends definitely Live over confidence back the to the continued we sure you'll improvement. see in cross will And to

William Fitzsimmons

Got give AI? But your helpful. customer product remarks. purchasing with And about during they wins just for one. competitors? did over there product? about reason a We it. can customers us prepared What like are bit conversational ask I then if your another you of little this can And some That's the what talked anecdotes

Shabtai Adlersberg

Okay. Well, great.

our So organizational sense that quite an is unique in is solution it the solution.

few Now market. there note the are in a takers

names. You know

You note ], [ more a you Author take can can take take can Firefly, all ], you personnel few takers. productivity are names, Avama [

So a person about that's but it. would use the application himself, for

touches really product an enterprise. Our

me as give example. you Let AudioCodes an

We have to close employees. X,XXX

of access formal heard missing Meeting We using any missed, is Insights, various those you out, Insights anymore have But of with Take it. employees Meeting right? And formal. We reasons. XXX to have because meetings. there's all that for full you fear have daily no for about the use meeting

to You the call. can listen

example, summarized. said, the being a an was just call It large one it's shared, Thursday, integrator You you salesperson system a line. can identify be what who European I'll exactly week, on had give okay? with just what, with and can said last I

my what now X in department, -- the manager. in my person the the the the to colleagues, in X call, in interested of I to they in talked that partners. to all integrator in with that forward the the did I completed discussion. exactly could essence order And X of system discussion meeting business, on sales was understand X was moving we get As

So that's one about retention. knowledge just example. Think

best your he's employees of you One unfortunately tells leaving.

Now were order get him, past and tool Meeting order guy all this hard. Insights to somebody in the recorded shoes, of daily. replace in X X, meetings you to if would have Not into had And as a you his use calls that's years. that throughout

can I guy guy list give up applications. him. the a before job you knowledge of to fully get capable that So any and coming new on the quickly other now of experience And had is XX different the

being being in So in It's It's used defense organization. it's used in health being organization. used municipalities.

new belief Our you don't read know mean years message use will as and all, for same would the the those of that you companies project you meetings when be I get all are have to whenever just with in the repository into need like, you with, product, a be a Yes, customer let's from need be project to now going that They're them you use messages just say, most and -- going a today, recorded. The company. it. I within to but okay? X Siemens. it's a you suppose we we placed And Outlook it. and

which any a to or read natural is query X Siemens either past those using other being be So identify occurred mentioned. have months and all language months And subject we deal I the the in managers meetings have to application, or an responses. X to with to allow provide XX need get the will that able do will Copilot and us with solution, that group a they chatbot immediately of or

do of compare are, when summarization, us one other cases. Cisco, to of case. it at we this that that. I'm information. do We Teams organizational sorry, main And freemium, We That's organizational. the get And that's Microsoft So difference probably exactly much -- best helps plenty guys. work the of the they even between you the stage, not the all to relevant use you and all the all but most beyond call

Operator

and the closing end to session, over the the remarks. will Shabtai turn question-and-answer reached have for I We call of now

Shabtai Adlersberg

we transitioning operator. trend quarterly and and today. years. UCaaS, attended We underlying a market enterprise our you Thank we conference With in you, continued I believe our conference momentum nice forward the profitability in and growth growth operation business CI, everyone like who call good good towards to Thank CCaaS, business growing are to would Have thank our next in your all. participation in day. coming look call. Okay.

Operator

time. this conference your may today's for at your lines you Thank participation. and concludes This you disconnect

AudioCodes (AUDC) 6 Nov 242024 Q3 Earnings call transcript