AudioCodes Ltd.

Greetings and welcome to Audio Code's fourth quarter and year-end 2020 earnings conference call. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. It is now my pleasure to introduce Brett Moss from Hayden IR. Thank you, Brett. You may begin.

Thank you. Hosting the call today are Shabtai Adlersberg, President and Chief Executive Officer, and Niran Baruch, Vice President and Finance and Chief Financial Officer. Before we begin, I'd like to remind you that information provided during this call may contain forward-looking statements related to AudioCodes business outlook, future economic performance, product introductions, plans, and objectives related thereto, any statements assuming, assumptions made, or expectations as to future events, conditions, performance, or other matters are forward-looking statements. As the term is defined under the U.S. federal securities laws. 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 audio codes industry and target markets, in particular, shifts in supply and demand, market acceptance of new products, and demand for existing products. The impact of competitive products and pricing on AudioCodes and its customers' products and markets, timing of products and technology developments, 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, the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes business, possible adverse impact from COVID-19 pandemic on our business and the results of Operations, and other factors detailed in AudioCodes following the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update this information. In addition, during the call, AudioCodes will refer to non-GAAP net income and net income per share. AudioCodes has provided a full reconciliation of the non-GAAP net income and net income per share to its net income and net income per share according to GAAP in the press release that was posted on the website. Before I turn the call over to management, I'd like to remind everyone that this call is being recorded. and Archive Webcast will be made available on the Investor Relations section of the company's website at the conclusion of this call. With that said, I'd like to turn the call over to Shabtai. Shabtai, please go ahead.

Thank you, Brett. Good morning and good afternoon, everybody. I would like to welcome all to our first CORE 2020 conference call. With me this morning is Niran Baruch, Chief Financial Officer and Vice President of Finance of Audiocodes. Niran will start off by presenting a financial overview of the quarter. I will then review the business highlights and summary for the quarter and then discuss trends and developments in our business and industry. We will then turn it into the Q&A session. Niran?