Verint Systems Inc. (NASDAQ:VRNT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Verint Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.33% to $0.91 in the quarter versus EPS of $0.75 in the year-earlier quarter.
Revenue: Rose 8.02% to $229 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Verint Systems Inc. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.75. It beat the average revenue estimate of $226.28 million.
Quoting Management: “We are pleased with our strong fourth quarter results, which drove $848 million of non-GAAP revenue and $2.64 of non-GAAP fully diluted EPS for the year. We believe we are well positioned for long-term growth in both the enterprise and security intelligence markets due to our broad product portfolio and strong competitive position,” said Dan Bodner, CEO and President.
Key Stats (on next page)…
Revenue increased 13.64% from $201.52 million in the previous quarter. EPS increased 44.44% from $0.63 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.56 and has not changed. For the current year, the average estimate is a profit of $2.49, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)