Verint Systems Inc. (NASDAQ:VRNT) Q1 2025 Earnings Conference Call June 4, 2024 4:30 PM ET Company Participants Matthew Frankel - IR & Corporate Development Director Dan Bodner - CEO Grant Highlander - CFO Conference Call Participants Shaul Eyal - TD Cowen Joshua Reilly - Needham Steven Wahrhaftig - Wedbush Securities Billy Fitzsimmons - Jefferies Operator Thank you for standing by, and welcome to Verint's First Quarter Fiscal Year 2025 Earnings Conference Call. At this time, all participants are in a liste ...

Verint Systems (VRNT) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.26%. A quarter ago, it was expected that this maker of software for analyzing intercepted communications would post earnings of $0.99 per share when it actually produced earnings of $1.07, delivering a surprise o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-34807 Verint Systems Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 11-3200514 (State or Other Jurisdiction ...

Exhibit 99.1 Investor Relations Contact Matthew Frankel, CFA Verint Systems Inc. (631) 962-9600 matthew.frankel@verint.com Verint Announces Strong Q1 FYE 2025 Results Revenue and Diluted EPS Come in Ahead of Guidance World's Leading Brands Select Verint Open Platform for Tangible AI Business Outcomes Raising Revenue and Diluted EPS Outlook for FYE25 MELVILLE, N.Y., June 4, 2024 - Verint® (Nasdaq: VRNT), The CX Automation Company™, today announced results for the three months ended April 30, 2024 (FYE 2025). ...

The upcoming report from Verint Systems (VRNT) is expected to reveal quarterly earnings of $0.54 per share, indicating an increase of 1.9% compared to the year-ago period. Analysts forecast revenues of $214.71 million, representing a decrease of 1.1% year over year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's ...

Verint Systems Inc. (NASDAQ:VRNT) Q4 2024 Earnings Conference Call March 27, 2024 4:30 PM ET Company Participants Matthew Frankel - Investor Relations and Corporate Development Director Dan Bodner - Chief Executive Officer Grant Highlander - Chief Financial Officer Conference Call Participants Shaul Eyal - TD Cowen Peter Levine - Evercore ISI Joshua Reilly - Needham Timothy Horan - Oppenheimer Operator Good day, and thank you for standing by. And welcome to the Verint Systems, Inc. Q4 2024 Earnings Conferen ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-34807 Verint Systems Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 11-3200514 (State or Other Jurisdiction of Incorporation ...

Financial Performance - Revenue for Q4 FYE 2024 was $265 million, representing a 12% year-over-year growth[1] - For the year ended January 31, 2024, revenue was $910 million on a GAAP basis and $911 million on a non-GAAP basis[1] - Diluted EPS for Q4 FYE 2024 was $0.37 on a GAAP basis and $1.07 on a non-GAAP basis[1] - Total revenue for the three months ended January 31, 2024, was $265,109,000, representing a 12.2% increase from $236,247,000 in the same period of 2023[17] - Net income for the year ended January 31, 2024, was $39,634 thousand, significantly up from $15,659 thousand in 2023, representing an increase of 153.5%[52] - Net income attributable to Verint Systems Inc. for the three months ended January 31, 2024, was $28,703,000, compared to $12,948,000 in 2023, representing a significant increase of 121.5%[17] - GAAP net income attributable to common shares for the three months ended January 31, 2024, was $23,503,000, compared to $7,748,000 in 2023, indicating a significant increase of 203.5%[32] Revenue Growth - SaaS revenue grew approximately 28% year-over-year, with 89% of software revenue being recurring[5] - Bundled SaaS New ACV bookings increased by 16% year-over-year in Q4, with a pipeline growth of over 20%[2] - Recurring revenue for the year ended January 31, 2024, was $699,248,000, up from $685,537,000 in 2023, reflecting a growth of 2.1%[17] - SaaS revenue for the three months ended January 31, 2024, reached $168,588,000, a 28.5% increase compared to $131,134,000 in the same period of 2023[19] - SaaS Annual Recurring Revenue (ARR) as of January 31, 2024, was $534,438,000, an increase from $497,982,000 in 2023, reflecting a growth of 7.3%[21] Profitability Metrics - Gross margin improved by approximately 300 basis points year-over-year[5] - Gross profit for the three months ended January 31, 2024, was $190,814,000, with a gross margin of 72.0%, compared to a gross profit of $163,416,000 and a margin of 69.2% in 2023[24] - Non-GAAP diluted EPS guidance for the year ending January 31, 2025 is projected at $2.89, reflecting a 6% year-over-year growth[12] - Adjusted EBITDA for the three months ended January 31, 2024, was $88,700,000, representing a 30.5% increase from $67,968,000 in 2023[35] - Non-GAAP total revenue for the year ended January 31, 2024, was $911.5 million, compared to $905.2 million for the previous year, indicating a slight increase of 0.7%[45] Expenses and Costs - Selling, general and administrative expenses for the three months ended January 31, 2024, were $108,383,000, which is 40.9% of GAAP revenue, compared to 38.3% in 2023[27] - Research and development expenses for the three months ended January 31, 2024, were $35,881,000, accounting for 13.5% of GAAP revenue, compared to 13.9% in the same period of 2023[25] - The company incurred acquisition and divestitures expenses of $9,856,000 for the three months ended January 31, 2024, compared to a benefit of $(1,346,000) in the same period of 2023[32] Cash Flow and Debt - Free cash flow is expected to increase by more than 40% for FYE 2025, targeting approximately $180 million[3] - Net cash provided by operating activities increased to $150,642 thousand in 2024 from $139,816 thousand in 2023, a rise of 7.6%[52] - Gross debt remained stable at $415,000,000 as of January 31, 2024, compared to the same amount in 2023[36] - Net debt, including long-term restricted cash and cash equivalents, was $171,464,000 as of January 31, 2024, up from $131,617,000 in 2023, reflecting a 30.2% increase[36] Strategic Focus - The company ended Q4 with approximately 1,300 engineers in R&D and Cloud Operations, focusing on AI adoption[3] - The company expects customers to adopt AI solutions over time, indicating a strategic shift away from traditional managed services offerings[38] Tax and Regulatory - The company reported a GAAP effective income tax rate of 19.2% for the three months ended January 31, 2024, down from 58.6% in the same period of 2023[31] - The non-GAAP effective income tax rate for the year ended January 31, 2024, is 8%, down from 9% for the year ended January 31, 2023[68] Asset Management - Total assets decreased to $2,226,424 thousand in 2024 from $2,313,601 thousand in 2023, a decline of approximately 3.75%[50] - Total current liabilities decreased to $418,171 thousand in 2024 from $471,051 thousand in 2023, a reduction of 11.2%[50] - Total stockholders' equity decreased to $832,666 thousand in 2024 from $858,149 thousand in 2023, a decline of 3.0%[50]

MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® (NASDAQ: VRNT), The Customer Engagement Company®, today announced the launch of the Verint TimeFlex Bot to redefine agent scheduling flexibility in the contact center, dramatically elevating employee experience (EX) and reducing manual effort for scheduling changes by supervisors. The Verint TimeFlex Bot is one of many Verint bots powered by sophisticated artificial intelligence (AI) models now available on the Verint Open Platform. The TimeFlex Bot leverages AI w ...