Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
AudioCodes Ltd. is a global provider of voice networking and media processing solutions that enable enterprises and service providers to migrate, deploy, and operate IP-based voice and unified communications (UC) infrastructures. The company operates primarily within the enterprise communications, VoIP, and cloud collaboration industries, with a strong focus on enabling voice connectivity for Microsoft Teams and other UC platforms.
The company’s core offerings include session border controllers, media gateways, IP phones, and cloud-based managed services, which together support secure and reliable voice communications across on‑premises, hybrid, and cloud environments. AudioCodes has positioned itself as a specialist in voice enablement for Microsoft’s ecosystem, particularly through its long-standing strategic alignment with Microsoft Teams. Founded in 1993, the company initially focused on digital signal processing technologies and evolved through the late 1990s and 2000s into a leading provider of VoIP infrastructure, adapting its strategy over time to align with enterprise cloud communications trends.
Business Operations
AudioCodes generates revenue primarily through the sale of Enterprise Voice Infrastructure Products, Cloud and Managed Services, and IP Phones and Devices. Its product portfolio includes Mediant session border controllers and gateways, AudioCodes IP Phones, and the VoiceAI Connect and Live Managed Services platforms, which provide monitoring, lifecycle management, and optimization for enterprise voice networks. Revenue is derived from a combination of product sales, software licenses, subscriptions, and recurring managed services contracts.
Operations are global, with customers spanning enterprises, system integrators, and telecom service providers. AudioCodes controls proprietary voice networking software, hardware designs, and cloud-based service platforms. The company operates through wholly owned subsidiaries in key markets and maintains strategic partnerships with major technology vendors, most notably Microsoft, as well as global system integrators and service providers that deploy AudioCodes solutions as part of broader UC and digital transformation projects.
Strategic Position & Investments
AudioCodes’ strategic direction centers on expanding its role as a voice services specialist for cloud collaboration platforms, with Microsoft Teams at the core of its growth strategy. The company continues to invest in expanding its managed services and cloud-native voice solutions, aiming to increase recurring revenue and deepen long-term enterprise customer relationships. Artificial intelligence–enabled voice analytics and automation capabilities have also become a focus area through its VoiceAI offerings.
In recent years, AudioCodes has pursued selective acquisitions to strengthen its cloud and services capabilities, including the acquisition of VoiceAI technologies and service-oriented assets designed to enhance its managed services portfolio. The company maintains a disciplined capital allocation strategy, prioritizing organic R&D investment while selectively acquiring complementary technologies that align with its enterprise voice and UC focus. Its strategic positioning emphasizes specialization rather than broad UC platform competition, differentiating the company from larger diversified communications vendors.
Geographic Footprint
AudioCodes is headquartered in Israel, with significant operational and commercial presence in North America, Europe, and Asia-Pacific. The United States represents its largest market by revenue, driven by enterprise adoption of Microsoft Teams and cloud voice services. The company maintains regional offices, research and development centers, and customer support operations across multiple continents.
Internationally, AudioCodes operates through subsidiaries and sales offices in countries including Germany, the United Kingdom, France, India, China, Japan, and Australia, enabling localized support and regulatory compliance. Its global footprint supports multinational enterprise customers and service providers, allowing the company to participate in large-scale international UC deployments and cloud migration initiatives.
Leadership & Governance
AudioCodes was founded by Shabtai Adlersberg, who has played a central role in shaping the company’s long-term technology and product strategy. The leadership team emphasizes technical depth, long-term customer relationships, and alignment with strategic partners, particularly within the enterprise cloud communications ecosystem. Governance follows U.S. public company standards, with oversight by an independent board of directors.
Key executives include:
- Shabtai Adlersberg – President and Chief Executive Officer
- Ori Yaffe – Chief Financial Officer
- Lior Aldema – Chief Operating Officer
- Nimrod Borovik – Chief Marketing Officer
- Guy Levi – Chief Strategy Officer
The leadership’s strategic vision focuses on sustained growth through specialization in enterprise voice, expansion of recurring services revenue, and continued innovation in cloud-native voice technologies.