AudioCodes Ltd. (NASDAQ:AUDC) Q4 2022 Earnings Call Transcript

Ryan Koontz: All right. Great. Thanks for that color. And on the Zoom front, it sounds like those trends remain very strong. How would you view your share in the Zoom kind of enterprise environment? Is it relatively high today? And is that becoming a bigger growth driver for the company?

Shabtai Adlersberg: Yes. So, yes, we enjoyed a good year regarding Zoom business, which grew more than 50%. Still, when comparing the Zoom business in the enterprise to Microsoft Teams business, it is relatively smaller. So, yes, we do anticipate we have a lot of going on in terms of cooperation and supporting new deployments of new Zoom is coming out with a service for service providers similar to the Microsoft Operator Connect. We are embedded in that. They look for adding resilience to their branch — to the branch offices in their solution. We are involved in there. We are for them, some of our more advanced IP phone and meeting room solution. So, yes, we do support Zoom. But all-in-all, it is still fairly smaller part of our business.

Ryan Koontz: Got it. Thanks for that. That’s all I have.

Shabtai Adlersberg: Sure.

Operator: Thank you very much. Thank you. Okay, we appear to have reached the end of our question-and-answer session. I’ll now hand the call back over to management for any closing remarks.

Shabtai Adlersberg: Thank you, operator. I would like to thank everyone who attended our conference call today. With continued good business momentum in the fourth quarter of 2022 and strong underlying market trends in our industry entering 2023. We believe we are on track to grow this year, definitely fairly excited about the role of AI in the enterprise in this year and coming years. So, we look forward to your participation in our next quarterly conference call. Thank you, all. Have a nice day.

Operator: Thank you, everybody. This does conclude today’s conference. You may disconnect your phone lines at this time, and have a wonderful day. Thank you for your participation.