Core Insights - NICE's shares have increased by 10.9% over the past three months, outperforming the Zacks Computer & Technology sector's return of 10.2% due to strong growth in the cloud business, which accounted for 72.5% of total revenues and experienced a 24% year-over-year growth in Q3 2024 [1][3] Financial Performance - NICE reported total revenues of $690 million for Q3 2024, reflecting a 15% year-over-year increase, with cloud revenues contributing $500 million, marking a 24% increase [3] - Annual recurring revenues from cloud services surpassed $2 billion, indicating significant growth potential driven by increasing demand for scalable and innovative cloud solutions [3] Segment Performance - Customer engagement revenues grew by 16% year-over-year, primarily due to the success of the AI-powered CXone solutions [4] - Revenues from financial crime and compliance grew by 8% year-over-year, driven by cloud revenues and sales of X-Sight and Xceed platforms [4] - The Financial Crime and Compliance segment is experiencing slowing growth, alongside a 12% decline in the APAC region, presenting challenges [2] Strategic Initiatives - NICE is focusing on four strategic pillars: Digital, Analytics, Cloud, and AI & Automation, to enhance customer experiences and drive growth [5] - The introduction of CXone Mpower aims to fully automate customer service, allowing businesses to optimize their service structures [6] AI Adoption and Partnerships - The adoption of AI solutions, including products like Autopilot and Copilot, has significantly contributed to NICE's performance, with a six-fold increase in annual contract value for CXone Copilot in Q3 2024 [7] - NICE has expanded its partner ecosystem in 2024, adding over 40 new partners, including 20 international ones, to support its CXone platform [5][8] Customer Base and Market Presence - NICE serves over 25,000 organizations across 150 countries, including 85 of the Fortune 100 companies, showcasing its strong market presence [9] - AUSIEX's implementation of the NICE CXone platform resulted in a 33% increase in customer engagement [9] Future Guidance - For FY24, NICE projects non-GAAP revenues between $2.715 billion and $2.735 billion, indicating a 15% year-over-year growth at the midpoint, with non-GAAP earnings estimated between $10.95 and $11.5 per share, implying a 26% year-over-year growth at the midpoint [10] - The Zacks Consensus Estimate for revenues is pegged at $2.73 billion, indicating a year-over-year growth of 14.69% [10]

Core Insights - The article highlights the first positive reimbursement decision for LYTENAVA™ (bevacizumab gamma) by NICE, marking a significant milestone for Outlook Therapeutics in the treatment of wet AMD [1][2][4] Company Overview - Outlook Therapeutics, Inc. is a biopharmaceutical company focused on developing and commercializing LYTENAVA™ for retinal diseases, particularly wet AMD [9] - LYTENAVA™ is the first ophthalmic formulation of bevacizumab approved in the EU and UK for treating wet AMD, with an initial 10 years of market exclusivity [1][9] Regulatory Approval and Market Launch - NICE has recommended LYTENAVA™ as a treatment option for wet AMD, applicable in England and Wales, following its marketing authorization by the UK Medicines and Healthcare products Regulatory Agency (MHRA) [2][3] - The commercial launch of LYTENAVA™ in the UK is anticipated in the first half of 2025, with plans for subsequent launches in EU countries [2][9] Clinical Evidence - The NICE recommendation was based on results from three completed registration clinical trials: NORSE ONE, NORSE TWO, and NORSE THREE, along with supporting studies [4] Strategic Collaborations - Outlook Therapeutics has entered a strategic collaboration with Cencora to support the global commercial launch of LYTENAVA™, focusing on market access and distribution efficiency [5]

Core Insights - Nice Ltd (NASDAQ: NICE) has experienced a decline of 5% over the past year, contrasting sharply with a 32% gain in the S&P 500 index [1] Company Performance - The performance of Nice Ltd has been underwhelming compared to broader market indices, indicating potential challenges or market sentiment issues affecting the company [1] Analyst Perspective - The article reflects a long position in Nice Ltd, suggesting a belief in the company's potential despite recent performance [2]

Core Insights - NICE has enhanced its contact center operations through a partnership with Maxicare, improving customer experience and agent empowerment [1] - The implementation of NICE's Workforce Management (WFM) has led to significant improvements in key performance metrics for Maxicare [2][3] - NICE's cloud revenues have shown substantial growth, reflecting the increasing demand for cloud-native solutions [4] Group 1: Operational Enhancements - Maxicare has utilized NICE WFM to improve average handle time, response time, and call abandonment rates [2] - The collaboration has resulted in a 90% customer satisfaction rate for Maxicare, with plans for further service quality enhancements [3] Group 2: Product Portfolio and Revenue Growth - NICE's diverse product portfolio, including solutions like Actimize and CXone, has contributed to a 24% year-over-year increase in cloud revenues, reaching $500 million in Q3 2024 [4] - The successful implementation of NICE CXone by AUSIEX has led to a 33% increase in customer engagement [5] Group 3: Strategic Partnerships - NICE's partnerships with AT&T and Microsoft have been pivotal in attracting new customers and expanding its market presence [7][8] - The collaboration with AT&T focuses on providing a unified incident capture and data analytics solution for NextGen 9-1-1 centers [7] Group 4: Financial Estimates - The Zacks Consensus Estimate for NICE's Q4 2024 revenues is $713.01 million, indicating a 14.41% year-over-year growth [9] - The consensus estimate for earnings per share is $2.96, reflecting a 25.42% year-over-year increase [9] Group 5: Competitive Landscape - NICE faces challenges from stiff competition and foreign exchange headwinds in the APAC market, impacting its top-line growth [11] - Competitors like Five9 and Salesforce are enhancing their portfolios in the customer experience market, posing additional challenges for NICE [12]

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Core Viewpoint - Nice (NICE) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, particularly influenced by institutional investors [4][6]. Company Performance and Outlook - The upgrade for Nice indicates an improvement in the company's underlying business, which is expected to lead to increased stock prices as investors respond positively to this trend [5][11]. - For the fiscal year ending December 2024, Nice is projected to earn $10.83 per share, representing a 23.2% increase from the previous year, with a 1% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - The upgrade to Zacks Rank 2 places Nice in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11].

Core Viewpoint - Investors in the Internet - Software sector should consider Nice (NICE) and F5 Networks (FFIV) for potential value investment opportunities [1] Group 1: Zacks Rank and Value Metrics - NICE has a Zacks Rank of 2 (Buy), indicating strong earnings estimate revision trends, while FFIV has a Zacks Rank of 3 (Hold) [3] - Value investors analyze various traditional figures and metrics to assess if a company is undervalued at its current share price [3][4] Group 2: Valuation Ratios - NICE has a forward P/E ratio of 15.94, compared to FFIV's forward P/E of 16.79 [5] - NICE's PEG ratio is 1.10, while FFIV's PEG ratio is significantly higher at 2.50 [5] - NICE's P/B ratio stands at 3.03, whereas FFIV has a P/B ratio of 4.44 [6] Group 3: Overall Value Assessment - NICE has a Value grade of B, while FFIV has a Value grade of C, indicating that NICE is currently the superior value option [7]

Core Viewpoint - NICE reported strong financial results for Q3 2024, with adjusted earnings and revenues exceeding expectations, driven by cloud business growth and AI-powered customer service solutions [1][3][4] Financial Performance - Adjusted earnings were $2.88 per share, beating the Zacks Consensus Estimate by 7.46% and increasing 27% year over year [1] - Non-GAAP revenues reached $690 million, surpassing the consensus mark by 1.07% and rising 15% year over year [1] - Cloud revenues accounted for 72.5% of total revenues at $500 million, growing 24% year over year despite missing estimates by 1.27% [3] - Product revenues of $40 million exceeded consensus by 45.51% and increased 5.8% year over year [5] - Service revenues were $150 million, beating estimates by 0.80% but declining 6.5% year over year [5] Regional Performance - Revenues in the Americas were $587 million, up 17% year over year [2] - EMEA revenues were $69 million, up 14% year over year [2] - APAC revenues declined 12% year over year to $34 million [2] Growth Drivers - The company's focus on AI-powered customer service automation, particularly through the CXone platform, significantly contributed to growth [4] - A six-fold increase in the annual contract value of CXone Copilot indicates rising demand for AI-driven solutions [4] Operating Metrics - Non-GAAP gross margin contracted 120 basis points to 71.1% [6] - Operating margin expanded 140 basis points year over year to 32% [7] - Research & development expenses as a percentage of revenues declined to 13.3% [7] Balance Sheet and Cash Flow - As of September 30, cash and cash equivalents were $1.52 billion, slightly up from $1.50 billion as of June 30 [8] - Long-term debt was $458.4 million, a slight increase from $457.9 million [8] - Cash flow from operations in Q3 was $159 million, down from $169.7 million in Q2 [8] Future Guidance - For FY24, NICE projects non-GAAP revenues between $2,715 million and $2,735 million, indicating 15% year-over-year growth at the midpoint [9] - Non-GAAP earnings are estimated to be in the range of $10.95-11.5 per share, suggesting 26% year-over-year growth at the midpoint [9]

For the quarter ended September 2024, Nice (NICE) reported revenue of $689.96 million, up 14.7% over the same period last year. EPS came in at $2.88, compared to $2.27 in the year-ago quarter.The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $682.67 million. With the consensus EPS estimate being $2.68, the EPS surprise was +7.46%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Exhibit 99.1 NHKE NICE Reports 24% Year-Over-Year Cloud Revenue Growth, Exceeding High End of Guidance for Both Total Revenue and EPS • Total revenue growth of 15% year over year • Cloud ARR exceeds $2 billion • Company reiterates full-year total revenue guidance and raises EPS guidance • Record high operating margin driving operating cash flow of $159 million Hoboken, New Jersey, November 14, 2024 - NICE (NASDAQ: NICE) today announced results for the third quarter ended September 30, 2024, as compared to t ...