AudioCodes Reports First Quarter Results

4/30/2002 - AudioCodes Ltd. (NASDAQ: AUDC), a leading provider of Voice over Packet technologies, today announced financial results for the first quarter ended March 31, 2002. Revenues for the first quarter ended March 31, 2002 were $5.7 million compared to $5.5 million for the fourth quarter ended December 31, 2001 and $13.6 million for the first quarter ended March 31, 2001. Net loss for the first quarter of 2002 was $4.0 million, or $(0.10) per basic and diluted share, compared with net income of $2.2 million, or $0.05 per diluted share, for the same period last year.

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