Verint Systems Inc

VRNT

Equity

ISIN US92343X1000 / Valor 1381244

NASDAQ (2024-11-20)

USD 23.29+0.47%

Verint Systems Inc
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About company

Verint Systems Inc. is a company that specializes in providing solutions aimed at enhancing customer engagement for some of the world's most renowned brands. The firm focuses on bridging the gap between customer expectations and the experiences companies deliver, a challenge it refers to as the "Engagement Capacity Gap." To address this, Verint leverages advancements in artificial intelligence, analytics, and open integration, alongside the science of customer engagement. Their offerings are designed to help organizations eliminate inefficiencies caused by data and organizational silos, thereby enabling them to deliver differentiated experiences at scale. Verint's approach involves close collaboration with a wide ecosystem of solutions and partners, aiming to maximize the value clients derive from their technology investments. Through its Customer Engagement Platform, Verint supports businesses in consistently providing superior experiences to both customers and employees, facilitating the achievement of tangible business outcomes.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Verint Systems Inc. reported revenue of $221 million for Q1 FYE 2025, marking a 2% year-over-year increase on a reported basis. When adjusted for the divestiture of their quality managed services business on January 31, 2024, the revenue growth stands at 5% year-over-year.

Earnings Per Share

For the three months ended April 30, 2024, Verint Systems Inc. achieved a diluted EPS of $0.16 on a GAAP basis and $0.59 on a non-GAAP basis. This represents an 11% year-over-year growth in non-GAAP diluted EPS.

SaaS Revenue

Verint Systems Inc. experienced a significant boost in their SaaS revenue, which grew by 20% year-over-year in Q1 FYE 2025. This growth was a key driver behind the company's strong financial performance for the quarter.

New Bundled SaaS ACV Bookings

In Q1 FYE 2025, Verint Systems Inc. saw a 25% year-over-year increase in new bundled SaaS ACV bookings, with 80% of these bookings including AI-powered bots. This highlights the growing market demand for AI-driven solutions in customer experience automation.

Raised Annual Outlook

Following the strong start to the year, Verint Systems Inc. has raised its annual outlook for FYE 2025. The company now expects revenue to be $933 million +/- 2%, reflecting a 5% year-over-year growth, and diluted EPS to be $2.90 at the midpoint of their revenue guidance, indicating a 6% year-over-year growth.

Summarized from source with an LLMView Source

Key figures

0.13%1Y

-52.0%3Y

-15.6%5Y

Performance

46.1%1Y

38.5%3Y

40.8%5Y

Volatility