AudioCodes Ltd.

Greetings. Welcome to Audio Code's second quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. A 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. Please note this conference is being recorded. I will now turn the conference over to your host, Roger Chuchin, VP of Investor Relations. You may begin.

Thank you, Holly. Hosting the call today are Shabtai Allisburg, President and Chief Executive Officer, and Naran Bru, 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 forelooking statements relating to audio codes, 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 or 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 audio codes 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 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 businesses, possible adverse impact of the COVID-19 pandemic on our business and results of operations and other factors detailed in AutoCodes filings with the U.S. Securities and Exchange Commission. AutoCodes assumes no obligation to update this information. In addition, during the call, AutoCodes will refer to non-GAAP net income and net income per share. AutoCodes has provided 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 is posted on his website. Before I turn the call over to management, I'd like to remind everyone that this call is being recorded. An archived webcast will be made available on the investor relations section of the company's website at the conclusion of the call. With all that said, I'd like to turn the call over to Shabtai. Shabtai, please go ahead.

Thank you, Roger. Good morning and good afternoon, everybody. I would like to welcome all to our second quarter 2023 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 core. I will then review the business highlights and summary for the core and discuss strengths and developments in our business and industry. We will then turn it into the Q&A session. Niran?