AudioCodes المحدودة (AUDC): تحليل مصفوفة ANSOFF

في مشهد تقنيات الاتصال سريع التطور، تقف شركة AudioCodes Ltd. عند مفترق طرق الابتكار الاستراتيجي، مستعدة لإعادة تعريف حلول الاتصال للمؤسسات من خلال مصفوفة أنسوف شاملة وديناميكية. من خلال استكشاف اختراق السوق، والتطوير، وتحسين المنتج، والتنوع الاستراتيجي بشكل دقيق، ترسم الشركة مسارًا جريئًا للاستفادة من كفاءاتها الأساسية مع التوسع بقوة في الحدود التكنولوجية الناشئة. لا يوضح هذا المخطط الاستراتيجي التزام AudioCodes بالريادة التكنولوجية فقط، بل يكشف أيضًا عن نهج دقيق في التنقل ضمن منظومة الاتصالات العالمية المعقدة.

شركة AudioCodes Ltd. (AUDC) - مصفوفة أنسوف: اختراق السوق

توسيع فريق المبيعات المباشرة لزيادة تفاعل العملاء من المؤسسات

أفادت AudioCodes بتحقيق إيرادات بلغت 146.3 مليون دولار أمريكي في الربع الرابع من عام 2022، مع التركيز على توسيع قاعدة عملاء المؤسسات. وظفت الشركة 652 موظفًا حتى 31 ديسمبر 2022.

مؤشر فريق المبيعات	بيانات 2022
إجمالي ممثلي المبيعات	87
معدل اكتساب العملاء من الشركات	24%
متوسط حجم الصفقة	$385,000

تعزيز عروض منتجات VoIP والاتصالات الموحدة الحالية

حققت شركة AudioCodes إيرادات إجمالية قدرها 535.2 مليون دولار في عام 2022، مع تمثل حلول VoIP 68% من محفظة المنتجات.

• عدد خطوط منتجات VoIP: 12
• الاستثمار في البحث والتطوير: 54.3 مليون دولار في 2022
• دورة تطوير المنتجات الجديدة: 6-9 أشهر

زيادة جهود التسويق في أمريكا الشمالية وأوروبا

المنطقة	المساهمة في الإيرادات	ميزانية التسويق
أمريكا الشمالية	276.4 مليون دولار	22.1 مليون دولار
أوروبا	193.7 مليون دولار	15.6 مليون دولار

تطوير برامج البيع الإضافي والبيع المتقاطع

توسع قاعدة عملاء الشركات إلى 1247 في 2022، مع مشاركة 37% منهم في برامج البيع المتقاطع.

• معدل تحويل البيع الإضافي: 22%
• إيرادات البيع المتقاطع: 43.2 مليون دولار
• متوسط قيمة عمر العميل: 1.2 مليون دولار

شركة AudioCodes المحدودة (AUDC) - مصفوفة أنسوف: تطوير السوق

الأسواق الناشئة في منطقة آسيا والمحيط الهادئ لحلول اتصالات المؤسسات

استهدفت شركة AudioCodes Ltd. سوق اتصالات المؤسسات في منطقة آسيا والمحيط الهادئ من خلال مبادرات استراتيجية محددة. اعتبارًا من عام 2022، بلغت قيمة سوق حلول اتصالات المؤسسات في آسيا والمحيط الهادئ 24.6 مليار دولار، مع معدل نمو سنوي مركب متوقع بنسبة 12.3٪ حتى عام 2027.

الدولة	إمكانيات السوق	استثمار اتصالات المؤسسات
الصين	8.4 مليار دولار	نمو سنوي بنسبة 15.7٪
الهند	5.2 مليار دولار	نمو سنوي بنسبة 13.9٪
اليابان	4.9 مليار دولار	نمو سنوي بنسبة 11.5٪

الشراكات الاستراتيجية في الاتصالات بأمريكا اللاتينية

قامت شركة AudioCodes بإبرام شراكات مع مزودي خدمات الاتصالات في جميع أنحاء أمريكا اللاتينية. في عام 2022، بلغ حجم سوق اتصالات المؤسسات في أمريكا اللاتينية 12.3 مليار دولار.

• قيمة سوق الاتصالات في البرازيل: 4.7 مليار دولار
• استثمارات اتصالات المؤسسات في المكسيك: 3.2 مليار دولار
• الإنفاق على بنية تحتية للاتصالات في الأرجنتين: 1.8 مليار دولار

استهداف الشركات متوسطة الحجم في الشرق الأوسط وجنوب شرق آسيا

ركزت شركة AudioCodes على قطاعات الشركات متوسطة الحجم في الشرق الأوسط وجنوب شرق آسيا. وقد قُدرت السوق الإجمالية القابلة للاستهداف في هذه المناطق بـ 16.5 مليار دولار في عام 2022.

المنطقة	سوق الشركات متوسطة الحجم	معدل اعتماد تقنيات الاتصال
الإمارات العربية المتحدة	2.1 مليار دولار	68.5%
المملكة العربية السعودية	3.4 مليار دولار	62.3%
سنغافورة	1.9 مليار دولار	73.2%
ماليزيا	1.7 مليار دولار	59.8%

حملات تسويقية محلية للبنية التحتية للإتصالات الإقليمية

طورت AudioCodes استراتيجيات تسويقية محددة تركز على متطلبات البنية التحتية للاتصالات الإقليمية. وبلغت الاستثمارات في البنية التحتية الإقليمية للاتصالات في عام 2022 حوالي 28.6 مليار دولار.

• تطوير حلول مخصصة: 42% من ميزانية التسويق الإقليمية
• استثمار في التوطين: 3.4 مليون دولار
• توسيع الدعم الفني الإقليمي: 2.7 مليون دولار

شركة AudioCodes المحدودة (AUDC) - مصفوفة أنسوف: تطوير المنتج

الاستثمار في تقنيات الذكاء الاصطناعي المتقدمة وتعلم الآلة لمنصات الاتصال الذكية

استثمرت AudioCodes مبلغ 24.8 مليون دولار في نفقات البحث والتطوير في عام 2022، ما يمثل 16.4٪ من إجمالي الإيرادات. وقد قدمت الشركة 12 طلب براءة اختراع جديدة تتعلق بتقنيات الاتصال بالذكاء الاصطناعي في عام 2022.

الاستثمار في التكنولوجيا	المبلغ
نفقات البحث والتطوير 2022	24.8 مليون دولار
طلبات البراءات	12 براءة اختراع جديدة

تطوير حلول الاتصال السحابية

مثّلت حلول الاتصال السحابية 42٪ من إجمالي إيرادات منتجات AudioCodes في عام 2022، مع نمو بنسبة 27٪ على أساس سنوي.

• إيرادات منتجات الاتصال السحابية: 86.3 مليون دولار
• نمو قاعدة عملاء الحلول السحابية: 35٪ في عام 2022

إنشاء ميزات أمان محسّنة لأنظمة الاتصال المؤسسية

خصصت AudioCodes مبلغ 7.2 مليون دولار بشكل محدد لتطوير منتجات الأمن السيبراني في عام 2022.

الاستثمار في الأمان	التفاصيل
ميزانية البحث والتطوير للأمن السيبراني	7.2 مليون دولار
إصدارات منتجات الأمان	3 منصات جديدة للاتصال الآمن

توسيع مجموعة المنتجات باستخدام أدوات الاتصال الموحد

أطلقت شركة AudioCodes خمس حلول جديدة لتكامل الاتصال الموحد في عام 2022، مما زاد إجمالي مجموعة المنتجات إلى 37 منصة اتصال.

• إجمالي مجموعة المنتجات: 37 منصة اتصال
• إطلاق المنتجات الجديدة في عام 2022: 5 حلول اتصال موحد
• معدل اعتماد العملاء من الشركات: 28% للأدوات الجديدة للاتصال

شركة AudioCodes Ltd. (AUDC) - مصفوفة أنسوف: التنويع

التحقيق في الاستحواذات المحتملة في قطاعات تكنولوجيا الاتصال المجاورة

أبلغت شركة AudioCodes Ltd. عن إيرادات إجمالية قدرها 288.1 مليون دولار للسنة المالية 2022. وأنفقت الشركة 13.2 مليون دولار على البحث والتطوير في نفس الفترة.

هدف الاستحواذ المحتمل	قطاع السوق	القيمة السوقية المقدرة
موفر حلول أمان VoIP	أمان اتصالات الشبكة	45-65 مليون دولار
شركة تكنولوجيا WebRTC	منصات الاتصال في الوقت الفعلي	30-50 مليون دولار

تطوير حلول الأمن السيبراني بالاستفادة من خبرة الشبكة الموجودة

من المتوقع أن يصل سوق الأمن السيبراني العالمي إلى 345.4 مليار دولار بحلول عام 2026.

• الاستثمار الحالي في الأمن السيبراني: 4.5 مليون دولار
• اختراق السوق المحتمل: 3-5٪ ضمن قطاع تكنولوجيا الاتصالات
• التكلفة التقديرية للتطوير: 7-10 ملايين دولار

استكشاف الفرص في بنية الاتصالات لإنترنت الأشياء (IoT)

من المتوقع أن يصل سوق إنترنت الأشياء إلى 1.6 تريليون دولار بحلول عام 2025.

قطاع إنترنت الأشياء	معدل النمو المتوقع	الإيرادات المحتملة
حلول إنترنت الأشياء للمؤسسات	24.7٪ معدل نمو سنوي مركب	35-50 مليون دولار
بنية تحتية لإنترنت الأشياء في مجال الاتصالات	18.5٪ معدل نمو سنوي مركب	25-40 مليون دولار

النظر في الاستثمارات الاستراتيجية في تقنيات الاتصالات الناشئة

من المتوقع أن يصل سوق بنية 5G إلى 131.8 مليار دولار بحلول عام 2025.

• حجم سوق الحوسبة الطرفية: 61.14 مليار دولار في 2023
• الاستثمار الحالي في البحث والتطوير للتقنيات الناشئة: 6.8 مليون دولار
• نطاق الاستثمار الاستراتيجي المحتمل: 15-25 مليون دولار

AudioCodes Ltd. (AUDC) - Ansoff Matrix: Market Penetration

Market Penetration for AudioCodes Ltd. (AUDC) centers on deepening relationships within the existing customer base and aggressively defending and expanding its stronghold in key technology segments, particularly around Microsoft Teams.

Deepening Enterprise Penetration

You're looking to maximize value from the established relationships you already have. AudioCodes Ltd. (AUDC) has a solid foundation, with enterprises across the world, including 65 Fortune 100 companies, leveraging their expertise. The focus here is on cross-selling the core UCaaS/CCaaS connectivity services into this existing base. The Microsoft-related business showed continued strength, growing 6.5% year-over-year in both Q2 2025 and Q3 2025. Services revenue, which encompasses these connectivity offerings, represented 53% of total revenues in Q2 2025, amounting to $32.6 million for that quarter. Within that, the Live managed services segment is a key driver, showing a 25% year-over-year growth in Q2 2025, pushing its Annual Recurring Revenue (ARR) to $70 million at the end of that quarter.

Defending and Leading Connectivity Share

Maintaining dominance in the Microsoft Teams Phone connectivity space is crucial for this strategy. While the internal goal might be defending over 60% share, the latest available data indicates AudioCodes holds over 50% share of the Microsoft Teams Voice market (Teams Phone with PSTN Calling) as of Q2 2025. Furthermore, the company's core connectivity product, the Enterprise Session Border Controller (eSBC), is a major factor. For the first half of 2025 (1H25), AudioCodes led the eSBC market with a revenue market share of 29.8% in Q1 2025 and 29.5% in Q2 2025. This connectivity strength is broadened by achieving official certification as a Cisco Webex Cloud Connect enablement partner, meaning the eSBCs now enable connectivity for all major UC platforms, including Microsoft Teams, Zoom, and Webex.

Cementing Long-Term Contracts via ARR Growth

The push for long-term managed services contracts is directly tied to the ARR trajectory. The full-year 2025 target for ARR is set between $78 million and $82 million. By the end of Q3 2025, the company reported ARR had already reached $75 million, marking a 25% increase year-over-year. To support this, the backlog for Live managed services exiting Q2 2025 stood at $73 million, up from $67 million in the year-ago quarter. This growing, committed revenue base helps cement those longer-term agreements.

Here's a snapshot of the key metrics underpinning this market penetration effort:

Metric	Value/Target	Period/Context
Fortune 100 Customers	65	Existing Base
Projected 2025 Tariff Cost Impact	$3 million	Full Year 2025
2025 ARR Target	$78 million to $82 million	Full Year 2025 Target
ARR (Exit Q3 2025)	$75 million	Up 25% YoY
Live Managed Services ARR (Exit Q2 2025)	$70 million	Up 25% YoY
eSBC Revenue Market Share (Q2 2025)	29.5%	Led the eSBC market that quarter
Microsoft Business Growth	6.5%	Year-over-Year (Q3 2025)

Countering Cost Headwinds with Pricing

To offset financial pressures, specifically the projected $3 million in direct cost impact from U.S. tariffs for the full year 2025, bundled pricing on Session Border Controllers (SBCs) becomes a necessary tactic. The company has already taken steps to raise prices on affected devices to protect margins. This defensive pricing action is applied while AudioCodes is actively leading the eSBC market, having captured 29.8% revenue share in 1Q25 and 29.5% in 2Q25. Still, overall eSBC revenue for 1H25 was down by 16.7% compared to the first half of 2024.

Targeting Competitors with Enhanced Live Platform

You can target competitors' customers by offering a demonstrably superior service delivery mechanism. The AudioCodes Live Platform is built on Microsoft Azure, offering inherent security, scalability, and reliability. This platform delivers seamless PSTN connectivity for Microsoft Teams, Webex Calling, and Zoom Phone, meaning you can offer a unified experience where competitors might only support one or two. The platform's focus on operational efficiency-including advanced service automation and AI-based monitoring-helps reduce operational and training costs for new customers migrating from rivals. The ability to provide full operational control and consistent service quality across hybrid and global deployments is a key differentiator for attracting customers away from less flexible incumbent solutions.

• Platform ensures consistent service quality across hybrid and global deployments.
• Offers multi-UCaaS support: Microsoft Teams, Zoom Phone, and Cisco Webex voice services.
• Provides advanced management tools for simplified troubleshooting and monitoring.
• Delivers AI-powered value-added services to elevate CX and EX.

Finance: draft 13-week cash view by Friday.

AudioCodes Ltd. (AUDC) - Ansoff Matrix: Market Development

You're looking at how AudioCodes Ltd. plans to take its existing, proven voice connectivity and AI solutions into new geographic areas and industry segments. This Market Development strategy relies on expanding the footprint of current offerings, not necessarily creating entirely new products from scratch.

Expand the Live platform's reach via the newly signed global Tier 1 system integrator agreement.

The push to expand the Live platform's market reach is being heavily supported by a key partnership. AudioCodes Ltd. signed a live platform agreement with a global Tier 1 system integrator. This is a big deal for market penetration because this agreement is projected to generate low single-digit millions in recurring revenue during the first year alone, which will substantially expand market reach. This builds on earlier work, like the joint session held at Enterprise Connect with AT&T Business regarding Tier 1 system integrators white labeling Voca. The company expects growth in AI-powered services to be enhanced in the second half of 2025 by the impending launch of the next-generation Live platform, which integrates connectivity solutions supporting leading UCaaS vendors like Microsoft Teams, Cisco Webex, Genesys, and Zoom. This platform is central to hitting the full-year 2025 revenue guidance of $244 million to $246 million.

Focus sales and marketing investment on the APAC region, following positive initial customer responses for AI solutions.

The Asia-Pacific (APAC) region is a clear target for focused investment. Initial customer responses for the AI solutions in APAC and North America have been overwhelmingly positive. This focus aligns with the broader market opportunity, as the global UCaaS market in APAC is projected to grow at a Compound Annual Growth Rate (CAGR) of 21.6%. To support this, AudioCodes Ltd. signaled its commitment by establishing a new data center in the region. The company is driving growth through its dual engines: the Live family of Unified Communication and Collaboration and customer experience connectivity services, and the conversational AI business line. The overall goal is to reach an Annual Recurring Revenue (ARR) exit for the full year 2025 between $78 million to $82 million, with the conversational AI segment expected to grow between 40% to 50% for the full year 2025.

Target new vertical markets like government and finance with the security-sensitive Mia OP (Meeting Insights On-Prem) solution.

The Meeting Insights On-Prem solution, or Mia OP, is specifically tailored for market development into highly regulated sectors. Mia OP is an AI-driven enterprise solution designed for environments with strict privacy and compliance mandates, explicitly targeting industries like government, defence, finance, and healthcare. This on-premise focus ensures robust data protection, aligning with regulatory standards where cloud use is untenable. The solution has already seen real-world application, with customer installations completed in Q1 2025. Specifically, AudioCodes Ltd. has gained significant traction in the Israeli market, mainly in the government space, all through word-of-mouth. This push into security-sensitive verticals is part of the broader strategy that saw Q3 2025 revenues reach $61.5 million.

Translate the core voice connectivity products for use in non-traditional communication platforms beyond Microsoft Teams and Zoom.

AudioCodes Ltd. is actively ensuring its core voice connectivity and platform services are not limited to the usual suspects like Microsoft Teams and Zoom. The Live Hub Voice CPaaS platform is designed to unify applications and has native reach across SIP trunks, UCaaS and CCaaS platforms, on-premises telephony systems, WhatsApp and WebRTC. This breadth allows the company to develop new markets by deploying its Voice AI on top of existing investments across a wider array of communication systems. This strategy supports the services revenue stream, which for Q3 2025 was $30.9 million, accounting for 50.3% of total revenues. The focus on expanding the platform's interoperability is key to achieving the projected Non-GAAP Earning Per Share for 2025 of $0.60 to $0.64.

Metric	Value (2025 Data)	Context/Period
Full Year Revenue Guidance	$244 million to $246 million	Full Year 2025
Q3 2025 Revenue	$61.5 million	Quarter Ended September 30, 2025
Q3 2025 Services Revenue	$30.9 million	Quarter Ended September 30, 2025
Services Revenue Percentage of Total	50.3%	Q3 2025
Conversational AI Growth	50%	Q3 2025 (Actual)
Conversational AI Growth Forecast	40% to 50%	Full Year 2025
ARR Exit Target	$78 million to $82 million	Full Year 2025
ARR Exit Q3	$75 million	Quarter Ended September 30, 2025 (Up 25% YoY)
Tier 1 Agreement Recurring Revenue	Low single-digit millions	First Year Projection
Mia OP Initial Deployment	Q1 2025	Customer Installations Completed

You should review the Q3 2025 balance sheet to see the cash position supporting these market expansion efforts; cash, cash equivalents, bank deposits, marketable securities and financial investments totaled $79.7 million at the end of September 2025.

Finance: draft 13-week cash view by Friday.

AudioCodes Ltd. (AUDC) - Ansoff Matrix: Product Development

You're looking at how AudioCodes Ltd. is pushing existing products into new growth areas, specifically through feature enhancement and cross-selling software. Here's the quick math on their Product Development strategy based on recent figures.

Conversational AI Growth Engine and Voca CIC Penetration

AudioCodes Ltd. has put Voice AI front and center, targeting a 40% to 50% annual growth rate for its Conversational AI business line in 2025. This segment saw a 50% increase year-over-year in Q3 2025. The company expects Annual Recurring Revenue (ARR) from this division to reach $78 million to $82 million by the end of 2025. This momentum is supported by leveraging the existing enterprise customer base to cross-sell these GenAI applications. The Voca Conversational Interaction Center (Voca CIC) demonstrated its scale by winning the 2025 CX Today Award for Best CX Deployment at the University of Central Florida, where it consolidated over 40+ contact center desks and 400 agents into a single Microsoft Teams-based contact center supporting 70,000 students and 10,000 staff.

The key metrics driving this segment include:

• Targeted 40% to 50% Conversational AI growth for full year 2025.
• Q3 2025 Conversational AI business increase of 50% year-over-year.
• Projected full-year 2025 ARR between $78 million and $82 million.
• Q1 2025 Voice.ai ARR was $67 million, marking a 25% year-over-year surge.

Live Hub Voice CPaaS Platform Feature Enhancement

AudioCodes Ltd. is deepening the value proposition of its Live Hub Voice Communications Platform as a Service (CPaaS) through new modules. In September 2025, the company launched AI Agents, a new module designed to let enterprises build and integrate Large Language Model (LLM)-powered voice bots directly into existing telephony systems. This move accelerates the deployment of voice automation at scale. The Live Hub platform unifies several voice AI capabilities into a single, self-service cloud platform.

The AI Agents module specifically offers:

• Natural, LLM-powered conversations using third-party models.
• Secure API integration for authentication and data access.
• Modular workflow orchestration for complex customer journeys.

SmartTAP 360⁰ Transition and GenAI Insights Integration

The existing SmartTAP 360⁰ Live solution is positioned to capture enterprise interactions for later-stage AI analysis and compliance. However, the company is actively transitioning away from this specific offering. AudioCodes Ltd. announced the End-of-Product-Sale (EOPS) for SmartTAP 360⁰ would be August 2025. This discontinuation is part of a move toward next-generation solutions, specifically the Interaction Insights platform, which features modern technology and methodologies.

New Hardware for Cloud-Based UCaaS Optimization

AudioCodes Ltd. continues to support the underlying infrastructure for UCaaS and hosted business services with its hardware portfolio. The company has deployed over 10 million media gateway channels globally over its market experience of more than 15 years. Products like the Mediant hybrid session border controllers (SBCs) and MediaPack analog gateways provide essential voice connectivity for cloud-based UC services.

Metric/Product Area	Financial/Statistical Data Point	Source Context Year
Conversational AI ARR (Projected End of Year)	$78 million to $82 million	2025
Conversational AI Growth Rate (Target)	40% to 50%	2025
Conversational AI Growth Rate (Q3 Actual)	50%	2025
Voca CIC Deployment Scale (UCF Agents)	400 agents	2025
SmartTAP 360⁰ EOPS Date	August 2025	2025
Media Gateway Channels Deployed (Cumulative)	Over 10 million channels	N/A (Historical)

AudioCodes Ltd. (AUDC) - Ansoff Matrix: Diversification

The diversification strategy for AudioCodes Ltd. (AUDC) involves moving beyond its core connectivity business, which provided roughly 95% of revenue with an operating margin above 15% in Q1 2025. This shift is supported by existing growth in AI-powered services, which saw a 50% growth in the conversational AI business and a 25% increase in annual recurring revenue in Q3 2025.

Introducing a new, unrelated SaaS product line for enterprise workflow automation outside of voice/UC would build upon the existing AI momentum. The company had 961 employees as of September 30, 2025, with about 100 engineers purely focused on conversational AI as of late 2024. The Q3 2025 results showed Services revenues at $30.9 million, making up 50.3% of total revenues of $61.5 million.

To gain a foothold in a new high-growth vertical market, an acquisition of a small, non-telecom software company would require capital deployment. As of September 30, 2025, AudioCodes Ltd. (AUDC) held $79.7 million in cash, cash equivalents, bank deposits, marketable securities, and financial investments. In Q3 2025 alone, the company repurchased 1,267,436 ordinary shares for an aggregate cost of approximately $12.7 million.

Developing a proprietary Large Language Model (LLM) tailored for niche, regulated industries like healthcare and legal leverages internal expertise. The company has been investing in conversational AI since 2016-2017. Features already in the pipeline include agent call summarization based on LLMs and Q&A bots designed to deflect structured calls. The Q3 2025 Non-GAAP gross margin was 65.8%.

Partnering with a major global cloud provider for a fully managed, AI-driven contact center solution in emerging markets aligns with the stated goal of transformation to a cloud voice software and services company. The enterprise UC and CX business accounted for 90% of revenues in Q1 2025, with its Microsoft business up 7% year-over-year in that quarter. The Q3 2025 Non-GAAP operating margin reached 9.5%.

Here are the key financial figures from the third quarter ended September 30, 2025:

Metric	Amount	Basis
Quarterly Revenue	$61.5 million	Reported
Services Revenue Share	50.3%	Of Total Revenue
GAAP Gross Margin	65.5%	Quarterly
Non-GAAP Operating Margin	9.5%	Quarterly
Non-GAAP EBITDA	$6.9 million	Quarterly
Net Cash from Operations	$4.1 million	Quarterly
Total Cash Position	$79.7 million	As of Sep 30, 2025

The company's Q3 2025 GAAP net income was $2.7 million, or $0.10 per diluted share. On a Non-GAAP basis, net income was $4.9 million, or $0.17 per diluted share.

The company declared a cash dividend of $0.20 per share on July 29, 2025, totaling approximately $5.6 million.

The overall revenue for the last twelve months ending September 30, 2025, was $244.55 million.

The company repurchased 1,267,436 shares during Q3 2025 for a total consideration of $12.7 million.

The deferred revenues balance as of September 30, 2025, stood at $81.6 million, up from $78.6 million as of September 30, 2024.

Finance: draft 13-week cash view by Friday.