Israel’s voice technology developer AudioCodes recorded revenues of $7.6 million compared to $7.2 million for the quarter ending September 2002 and $5.5 million for the quarter ending December 2001.
Fourth quarter revenues grew six percent sequentially and increased 37 percent compared to the fourth quarter of 2001. Net loss for the fourth quarter of 2002 was $2.9 million compared to a net loss of five million dollars for the corresponding period last year.
Founded in 1993, AudioCodes enables the new voice infrastructure by providing network equipment providers and system integrators with voice over packet media gateway and media processing technology and systems solutions. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
