AudioCodes Ltd. (NASDAQ:AUDC) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET

Company Participants

Roger Chuchen - Vice President, Investor Relations
Shabtai Adlersberg - President and Chief Executive Officer
Niran Baruch - Vice President of Finance and Chief Financial Officer

Conference Call Participants

Samad Samana - Jefferies
Ryan MacWilliams - Barclays
Ryan Koontz - Needham & Company

Operator

Good morning everyone and welcome to the AudioCodes First Quarter 2024 Earnings Conference Call. At this time all participants have been placed in a listen-only mode and the floor will be open for questions after the presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host Mr. Roger Chuchen, Investor Relations. You may begin, Roger.

Roger Chuchen

Thank you, operator. Hosting the call today are Shabtai Adlersberg, President and Chief Executive Officer; and Niran Baruch, Vice President of Finance and Chief Financial Officer. Before we begin, I'd like to remind you that the information provided during this call may contain forward-looking statements relating to AudioCodes business outlook, future economic performance, product introductions, plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are forward-looking statements as the term is defined under U.S. Federal Securities Law.

Forward-looking statements are subject to various risks and uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to, the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets, in particular, shifts in supply and demand, market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes and its customers, products and markets; timely product and technology development, upgrades and the ability to manage changes in market conditions as needed, possible need for additional financing, the ability to satisfy covenants in the company's loan agreements, possible disruptions from acquisitions, ability of AudioCodes to successfully integrate with the products and operations of acquired into AudioCodes’ business, possible adverse impact of the Covid-19 pandemic on our business and results of operations. The effects of the current terrorist attacks by Hamas and the war on hostilities between Israel and Hamas and Israel and Hezbollah, as well as the possibility that this could develop into a broader regional conflict involving Israel with other parties may affect our operations and may limit our ability to reduce and sell our solutions.