Exhibit 1

PRESS RELEASE

Company Contacts		IR Agency Contact
Guy Avidan, VP Finance & CFO AudioCodes Tel: +972-3-976-4000 guy.avidan@audiocodes.com	Shirley Nakar, Director, Investor Relations AudioCodes Tel: +972-3-976-4000 shirley@audiocodes.com	Erik Knettel, Grayling Tel: +1-646-284-9415 erik.knettel@grayling.com

AudioCodes Reports Fourth Quarter and Full Year 2012 Results

Lod, Israel – January 30, 2013 – AudioCodes (NasdaqGS: AUDC), a leading provider of Voice over IP (VoIP) technologies, products and services, today announced financial results for the fourth quarter and full year ended December 31, 2012.

Revenues for the fourth quarter of 2012 were $32.8 million, compared to $31.4 million for the third quarter of 2012, and $37.2 million for the fourth quarter of 2011. Revenues were $127.5 million in 2012 compared to $155.8 million in 2011.

Net income in accordance with U.S. generally accepted accounting principles (GAAP) was, $524,000, or $0.01 per diluted share, for the fourth quarter of 2012, compared to a GAAP net loss of $1.1 million, or ($0.03) per diluted share, for the third quarter of 2012, and GAAP net income of $670,000, or $0.02 per diluted share, for the fourth quarter of 2011.

The Company reported a GAAP net loss of $4.2 million, or ($0.11) per diluted share, in 2012 compared to GAAP net income of $7.2 million, or $0.17 per diluted share, in 2011.

Non-GAAP net income for the fourth quarter of 2012 was $1.1 million, or $0.03 per diluted share, compared to a non-GAAP net loss of $419,000, or ($0.01) per diluted share, for the third quarter of 2012, and non-GAAP net income of $1.4 million, or $0.04 per diluted share, for the fourth quarter of 2011.

The Company reported a non-GAAP net loss of $1.5 million, or ($0.04) per diluted share, in 2012 compared to non-GAAP net income of $10.8 million, or $0.26 per diluted share, in 2011.

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 1 of 10

Non-GAAP net income (loss) excludes: (i) stock-based compensation expenses; and (ii) amortization expenses related to intangible assets. A reconciliation of net income (loss) on a GAAP basis to a non-GAAP basis is provided in the tables that accompany the condensed consolidated financial statements contained in this press release.

Positive cash flow from operations for the fourth quarter of 2012 totaled $8.2 million. Cash and cash equivalents, bank deposits and marketable securities were $58.5 million as of December 31, 2012, compared to $54.1 million as of September 30, 2012 and $75.6 million as of December 31, 2011. The year-over-year net decrease in cash balances was primarily related to cash used for stock repurchases and the reduction in the Company’s accounts payable outstanding as well as $10.2 million used for the repayment of loans.

In October 2011, the Company’s Board of Directors authorized a program to repurchase up to 4.0 million of the Company’s Ordinary Shares, NIS 0.01 nominal (par) value. During 2012, the Company repurchased a total of approximately 2.76 million of its ordinary shares at an aggregate cost of approximately $6.7 million. As of October 1, 2012, the authorized stock repurchase program was completed, with AudioCodes having repurchased 3.96 million of its ordinary shares at an aggregate cost of approximately $10.7 million.

“We are pleased to report a second consecutive quarter of improved financial performance underlined by sequential growth in revenue, return to profitability and substantial improvement in cash flow from operations,” said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes. “Growth in our networking business was driven primarily by higher product sales and services in the areas of Unified Communication and Enterprise Session Border Controllers applications, both representing strategic directions for us. Investments made with our global partners over the past few years continue to contribute in a meaningful way to our return to growth and our leadership in the industry. These investments also provide further strength and support to our expected success in coming years.”

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 2 of 10

“As we look ahead to 2013, AudioCodes stands well positioned to extend its presence within the multi-billion dollar markets for Unified Communications, Contact Centers and Business Services. We believe that our leadership in the Microsoft Lync voice eco-system, as the only single-source provider for Microsoft partners for end-to-end voice product and services solutions, is a clear competitive advantage within one of the most attractive segments of the communications sector. With the recent launch of our ‘AudioCodes One Voice for Microsoft Lync’ offering, we are simplifying and accelerating voice-enablement of Lync implementations with a complete portfolio of products and services, including, among others, IP Phones, Media Gateways, Enterprise Session Border Controllers (E-SBCs), Survivable Branch Appliances (SBAs) and Session Experience Manager (SEM), as well as complete network management and assessment tools, support and professional services,” concluded Mr. Adlersberg.

Conference Call & Web Cast Information

AudioCodes will conduct a conference call at 9:00 A.M., Eastern Time today to discuss the Company’s fourth quarter and full year 2012 operating performance, financial results and outlook. The conference call will be simultaneously Web cast. Investors are invited to listen to the call live via Web cast at the AudioCodes corporate website at www.audiocodes.com.

About AudioCodes

AudioCodes Ltd. (NasdaqGS: AUDC) designs, develops and sells advanced Voice over IP (VoIP) and converged VoIP and Data networking products and applications to Service Providers and Enterprises. AudioCodes is a VoIP technology market leader focused on converged VoIP and data communications and its products are deployed globally in Broadband, Mobile, Enterprise networks and Cable. The Company provides a range of innovative, cost-effective products including Media Gateways, Multi-Service Business Routers, Session Border Controllers (SBC), Residential Gateways, IP Phones, Media Servers and Value Added Applications. AudioCodes' underlying technology, VoIPerfectHD(TM), relies on AudioCodes' leadership in DSP, voice coding and voice processing technologies. AudioCodes' High Definition (HD) VoIP technologies and products provide enhanced intelligibility and a better end user communication experience in Voice communications. For more information on AudioCodes, visit http://www.audiocodes.com.

Statements concerning AudioCodes' business outlook or future economic performance; product introductions and 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 that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, 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 disruptions from acquisitions; the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; and other factors detailed in AudioCodes' filings with the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update the information in this release.

©2013 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, OSN, SmartTAP, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP and 3GX are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 3 of 10

Summary financial data follows

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 4 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

	December 31,		December 31,
	2012		2011
	Unaudited		Audited
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	15,219	$	28,257
Short-term and restricted bank deposits		10,330		14,008
Short-term marketable securities and accrued interest		7,966		345
Trade receivables, net		24,413		30,923
Other receivables and prepaid expenses		7,274		7,077
Inventories		16,797		20,415
Total current assets		81,999		101,025
LONG-TERM INVESTMENTS:
Long-term and restricted bank deposits	$	9,251	$	9,120
Long-term marketable securities		15,762		23,823
Investments in an affiliated company		1,084		1,251
Deferred tax assets		3,565		2,600
Severance pay funds		15,772		15,410
Total long-term assets		45,434		52,204
PROPERTY AND EQUIPMENT, NET		3,619		3,368
GOODWILL AND INTANGIBLE ASSETS, NET		34,952		36,080
Total assets	$	166,004	$	192,677
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current maturities of long-term bank loans	$	8,436	$	10,243
Trade payables		6,817		12,362
Other payables and accrued expenses		15,062		18,102
Deferred revenues		5,086		5,235
Total current liabilities		35,401		45,942
LONG-TERM LIABILITIES:
Accrued severance pay	$	16,284	$	16,106
Long-term bank loans		14,477		22,912
Senior convertible notes		353		353
Deferred revenues and other liabilities		1,192		1,345
Total long-term liabilities		32,306		40,716
Total equity		98,297		106,019
Total liabilities and equity	$	166,004	$	192,677

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 5 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

	Year ended						Three months ended
	December 31,						December 31,
	2012			2011			2012			2011
	(Unaudited)			(Audited)			(Unaudited)
Revenues	$	127,490		$	155,827		$	32,806		$	37,223
Cost of revenues		54,294			64,145			14,100			15,208
Gross profit		73,196			91,682			18,706			22,015
Operating expenses:
Research and development, net		28,677			32,150			6,231			8,241
Selling and marketing		40,040			43,248			9,721			10,763
General and administrative		8,214			9,028			1,733			2,174
Total operating expenses		76,931			84,426			17,685			21,178
Operating income (loss)		(3,735	)		7,256			1,021			837
Financial income (expenses), net		453			423			87			(93	)
Income (loss) before taxes on income		(3,282	)		7,679			1,108			744
Taxes on income, net		(541	)		(238	)		(257	)		(45	)
Equity in losses of an affiliated companies		(354	)		(277	)		(327	)		(29	)
Net income (loss)	$	(4,177	)	$	7,164		$	524		$	670
Basic net earnings (loss) per share	$	(0.11	)	$	0.17		$	0.01		$	0.02
Diluted net earnings (loss) per share	$	(0.11	)	$	0.17		$	0.01		$	0.02
Weighted average number of shares used in computing basic net earnings (loss) per share (in thousands)		39,125			41,438			37,931			41,092
Weighted average number of shares used in computing diluted net earnings (loss) per share (in thousands)		39,125			41,935			38,169			41,411

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 6 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

NON-GAAP PROFORMA STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

	Year ended						Three months ended
	December 31,						December 31,
	2012			2011			2012			2011
	(Unaudited)						(Unaudited)
Revenues	$	127,490		$	155,827		$	32,806		$	37,223
Cost of revenues (1) (2)		53,409			62,994			13,889			14,969
Gross profit		74,081			92,833			18,917			22,254
Operating expenses:
Research and development, net (1)		28,247			31,624			6,103			8,120
Selling and marketing (1) (2)		39,299			41,981			9,592			10,508
General and administrative (1)		7,613			8,325			1,587			2,015
Total operating expenses		75,159			81,930			17,282			20,643
Operating income (loss)		(1,078	)		10,903			1,635			1,611
Financial income (expenses), net		453			423			87			(93	)
Income (loss) before taxes on income		(625	)		11,326			1,722			1,518
Taxes on income, net		(541	)		(238	)		(257	)		(45	)
Equity in losses of an affiliated companies		(354	)		(277	)		(327	)		(29	)
Net income (loss)	$	(1,520	)	$	10,811		$	1,138		$	1,444
Diluted net earnings (loss) per share	$	(0.04	)	$	0.26		$	0.03		$	0.04
Weighted average number of shares used in computing diluted net earnings (loss) per share (in thousands)		39,125			42,371			38,375			41,716

(1) Excluding stock-based compensation expenses related to options and restricted stock units granted to employees and others.

(2) Excluding amortization of intangible assets related to the acquisitions of Nuera, Netrake and CTI Squared.

Note: Non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. The Company believes that non-GAAP information is useful because it can enhance the understanding of its ongoing economic performance and therefore uses internally this non-GAAP information to evaluate and manage its operations. The Company has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results and because many comparable companies report this type of information.

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 7 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS)

U.S. dollars in thousands, except per share data

	Year ended					Three months ended
	December 31,					December 31,
	2012			2011		2012			2011
	(Unaudited)					(Unaudited)
GAAP net income (loss)	$	(4,177	)	$	7,164	$	524		$	670
GAAP net earnings (loss) per share	$	(0.11	)	$	0.17	$	0.01		$	0.02
Cost of revenues:
Stock-based compensation (1)		61			130		5			33
Amortization expenses (2)		824			1,021		206			206
		885			1,151		211			239
Research and development, net:
Stock-based compensation (1)		430			526		128			121
Selling and marketing:
Stock-based compensation (1)		437			963		53			179
Amortization expenses (2)		304			304		76			76
		741			1,267		129			255
General and administrative:
Stock-based compensation (1)		601			703		146			159
Non-GAAP net income (loss)	$	(1,520	)	$	10,811	$	1,138		$	1,444
Non-GAAP Diluted net earnings (loss) per share	$	(0.04	)	$	0.26	$	(0.03	)	$	0.04

(1) Stock-based compensation expenses related to options and restricted stock units granted to employees and others.

(2) Amortization of intangible assets related to the acquisitions of Nuera, Netrake and CTI Squared.

Note: Non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. The Company believes that non-GAAP information is useful because it can enhance the understanding of its ongoing economic performance and therefore uses internally this non-GAAP information to evaluate and manage its operations. The Company has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results and because many comparable companies report this type of information.

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 8 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

U.S. dollars in thousands

	Year ended						Three months ended
	December 31,						December 31,
	2012			2011			2012			2011
	(Unaudited)			(Audited)			(Unaudited)
Cash flows from operating activities:
Net income (loss)	$	(4,177	)	$	7,164		$	524		$	670
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,883			3,239			747			717
Amortization of marketable securities premiums and accretion of discounts, net		436			416			109			110
Equity in losses of affiliated company and interest on loans to affiliated company		350			277			336			29
Increase (decrease) in accrued severance pay, net		(184	)		(86	)		125			(36	)
Stock-based compensation expenses		1,529			2,323			332			492
Decrease (increase) in accrued interest on marketable securities, bank deposits and structured notes		4			(182	)		(1	)		(1	)
Increase in long- term deferred tax assets		(965	)		(339	)		(965	)		(339	)
Decrease (increase) in trade receivables, net		6,510			(4,602	)		2,491			924
Decrease (increase) in other receivables and prepaid expenses		1,106			(716	)		3,514			681
Decrease (increase) in inventories		3,618			(4,136	)		1,935			(1,959	)
Increase (decrease) in trade payables		(5,545	)		(1,157	)		153			1,313
Increase (decrease) in deferred revenues		485			1,978			200			(67	)
Increase (decrease) in other payables and accrued expenses		(3,054	)		(5,464	)		(1,265	)		1,478
Net cash provided by (used in) operating activities		2,996			(1,285	)		8,235			4,012
Cash flows from investing activities:
Purchase of marketable securities		-			(24,402	)		-			-
Short-term deposits, net		3,678			(183	)		377			16,552
Net loans provided to affiliated company		(183	)		(211	)		(111	)		(211	)
Investments in long-term deposits		(131	)		(9,120	)		-			(9,120	)
Proceeds from long-term bank deposits		-			-			850			-
Purchase of property and equipment		(2,006	)		(1,579	)		(162	)		(316	)
Net cash provided by (used in) investing activities		1,358			(35,495	)		954			6,905

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 9 of 10

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Continued)

U.S. dollars in thousands

	Year ended						Three months ended
	December 31,						December 31,
	2012			2011			2012			2011
	(Unaudited)			(Audited)			(Unaudited)
Cash flows from financing activities:
Purchase of treasury stock		(6,917	)		(3,812	)		(618	)		(3,812	)
Proceeds from long-term bank loans		-			24,005			-			5,255
Repayment of long-term bank loans		(10,242	)		(6,600	)		(2,866	)		(2,100	)
Payment for acquisition of NSC non-controlling interest		(336	)		(278	)		-			-
Proceeds from issuance of shares upon exercise of options, warrants and employee stock purchase plan		103			1,411			68			28
Net cash provided by (used in) financing activities		(17,392	)		14,726			(3,416	)		(629	)
Increase (decrease) in cash and cash equivalents		(13,038	)		(22,054	)		5,773			10,288
Cash and cash equivalents at the beginning of the period		28,257			50,311			9,446			17,969
Cash and cash equivalents at the end of the period	$	15,219		$	28,257		$	15,219		$	28,257

AudioCodes Reports Fourth Quarter & Full Year 2012 Results Page 10 of 10