AudioCodes Ltd. (NASDAQ:AUDC) Q2 2023 Earnings Call Transcript

Shabtai Adlersberg: Yeah. Actually, we’ve been on the opposite side of defense, right? I mean, in the first quarter, we dropped simply because partners who used to buy a product and sell them to their customers stop buying due to the higher cost of money. So, we see — we saw in the second quarter that some of them probably emptied already their inventory. So, we started to see some growth in the second half of the quarter. And going forward, we’re already — we are past July and we see that trend continuing. So, I believe that in the second half, we will see, at least for us, more orders that would use to fill up those inventories.

Tal Liani: Got it. Thank you.

Shabtai Adlersberg: Sure.

Operator: We have reached the end of the question-and-answer session. And I will now turn the call back to Shabtai for closing remarks.

End of Q&A:

Shabtai Adlersberg: Thank you, operator. I would like to thank everyone who attended our conference call today. On the heels of good second quarter and with more focused planning and better control of expenses for the rest of 2023, we have high confidence in our ability to expand our business this year and in coming years. We look forward to your participation in our next quarterly conference call. Thank you all. Have a nice day.

Operator: This concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.