Reports preliminary Q1 revenue $58.5M-$60M, consensus $66.8M. Net cash provided by operating activities for the first quarter is expected to be in the range of $2M to $3M. Shabtai Adlersberg, president and CEO of AudioCodes, said: "Our first quarter results were impacted by general uncertainty in key global economies affecting customers’ spending decisions, with demand weakness concentrated mainly in the EMEA region. In addition, we saw North America service providers more tightly manage their inventories, which contributed to revenue decline. We intend to revise our outlook and guidance for 2023 at the time of our first quarter 2023 financial results conference call scheduled for May 9, 2023 as well as announce our plans to align our operating expenses for the year to our current business environment."
Published first on TheFly
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