Slide 1: Earnings Call Supplementary Slides
Earnings Call Supplementary Slides
Slide 2: Safe Harbor
This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, future financial and business performance for the first quarter 2025, attractiveness of our product offerings and platform an
Slide 3: AudioCodes Scale & Reach
AudioCodes Scale & 9 #1 Reach of Fortune Top Microsoft Teams Phone Partner 10 Enterprises We are the leading provider of enterprise voice cloud services and conversational AI applications 65 of Fortune 100 962 120 Countries Employees as Companies are of 3/31/25 Customers 1Q 2025
Slide 4: 1Q'25 Financial Highlights
Total revenues of $60.4M vs. $60.1M in 1Q’24, up 0.5% YoY 1Q’25 Financial Service revenues of $32.6M vs $31.5M in 1Q’24, up 3.4% YoY Highlights Non-GAAP gross margin of 65.2% vs. 65.2% in 1Q’24 Non-GAAP operating margin at 8.9% vs. 10.5% in 1Q’24 Non-GAAP EBITDA margin of 10.2% vs. 11.2% in 1Q’24 No
Slide 5: 1Q'25 Business Performance
1Q’25 Microsoft Teams business increased Customer Experience Business 7% YoY (CX) business increased 2% YoY Performance Conversational AI Live ARR increased business increased ~25% YoY >10% YoY 1Q 2025
Slide 6: Non-GAAP Gross Margin
Non-GAAP 70.0% Gross Margin 66.5% 65.8% 65.6% 65.2% 65.2% 65.0% 60.0% 1Q:24 2Q:24 3Q:24 4Q:24 1Q:25 1Q 2025
Slide 7: Non-GAAP EBITDA Margin
Non- 15.0% 13.8% 13.8% GAAP 13.1% EBITDA 11.2% 10.2% Margin 10.0% 5.0% 0.0% 1Q:24 2Q:24 3Q:24 4Q:24 1Q:25 1Q 2025
Slide 8: Non-GAAP EBITDA (in million)
Non-GAAP $12.0 EBITDA $8.3 $8.5 $7.9 $8.0 (in million) $6.7 $6.2 $4.0 $0.0 1Q:24 2Q:24 3Q:24 4Q:24 1Q:25 1Q 2025
Slide 9: Non-GAAP Operating Margin
Non- 15.0% GAAP 11.9% 12.2% Operating 11.7% 10.5% Margin 10.0% 8.9% 5.0% 0.0% 1Q:24 2Q:24 3Q:24 4Q:24 1Q:25 1Q 2025
Slide 10: AudioCodes Live ARR
AudioCodes (USD Millions) Live ARR $100 $78-$82 $67 $65 $53 $50 $0 1Q:24 1Q:25 2024 2025 Target 1Q 2025
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non- GAAP Reconciliation 1Q 2025
Slide 12: Thank You
Thanl CE audiocodes