Verint Systems Inc. (NASDAQ:VRNT) Q2 2024 Results Conference Call September 6, 2023 4:30 PM ET Company Participants Matthew Frankel - Investor Relations and Corporate Development Director Dan Bodner - CEO Grant Highlander - CFO Alan Roden - Chief Corporate Development Officer Conference Call Participants Ryan MacDonald - Needham & Company Peter Levine - Evercore ISI Mason Marin - Jefferies Good day, and thank you for standing by. Welcome to Verint Systems Inc. Q2 Fiscal '24 Earnings Conference Call. [Operat ...

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 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 or Organization) 175 Broadhollow Road Melville, New York 11747 For the quarterly period ended July 31, 2023 OR ☐ TRANSITIO ...

Verint Systems Inc. (NASDAQ:VRNT) Q1 2024 Earnings Conference Call June 7, 2023 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 Ryan MacDonald - Needham & Company Shaul Eyal - Cowen Samad Samana - Jefferies Peter Levine - Evercore Operator Good day, and thank you for standing by, and welcome to Verint Systems, Inc. Q1 Fiscal 2024 Earnings Confer ...

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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, 2023 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 ...

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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, 2023 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. (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: | Title ...

Verint Systems Inc. (NASDAQ:VRNT) Q3 2023 Earnings Conference Call December 7, 2022 4:30 PM ET Company Participants Matthew Frankel - Investor Relations and Corporate Development Dan Bodner - Chief Executive Officer Doug Robinson - Chief Financial Officer Conference Call Participants Shaul Eyal - Cowen Ryan MacDonald - Needham Peter Levine - Evercore ISI Samad Samana - Jefferies Operator Good day and thank you for standing by. Welcome to the Verint Third Quarter Conference Call. At this time, all participan ...

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 October 31, 2022 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 Jurisdicti ...

Financial Data and Key Metrics Changes - In Q2, revenue was $223 million on a GAAP basis and $224 million on a non-GAAP basis, with a constant currency non-GAAP revenue of $229 million, reflecting a 6% year-over-year growth [9][27] - Non-GAAP diluted EPS for Q2 was $0.56, exceeding expectations, with a full-year EPS guidance maintained at $2.50 [11][31] - For H1, revenue increased 8% on a constant currency basis [9][27] Business Line Data and Key Metrics Changes - Cloud revenue in Q2 increased 30% on a constant currency basis, with H1 cloud revenue up 34% [14][29] - New PLE bookings increased 10% on a reported basis and 12% on a constant currency basis in Q2, aligning with the annual target of 10% to 12% growth [11][29] - SaaS accounted for 65% of new PLE bookings in Q2, up from 53% in the same period last year [13][29] Market Data and Key Metrics Changes - Approximately 20% of revenue is generated in foreign currencies, with a significant impact from the appreciation of the U.S. dollar [10][28] - The company has a natural hedge against currency fluctuations, as about one-third of expenses are in foreign currencies, minimizing the impact on the bottom line [10][28] Company Strategy and Development Direction - The company is focused on helping customers transition to the cloud, with a strategy to offer a hybrid cloud platform for flexibility [15][19] - The One Workforce initiative aims to eliminate organizational silos and improve workforce efficiency through AI-driven solutions [19][21] - The company expects non-GAAP cloud revenue to represent about 75% of total recurring revenue, up from 62% last year [15][29] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand for automation solutions to address rising labor costs and improve efficiency [39][62] - The company is well-positioned to meet annual targets for revenue growth and EPS, with expectations of continued strong performance in H2 [27][34] - Historical performance during recessions suggests resilience, with high renewal rates and a strong customer base across various industries [62] Other Important Information - Doug Robinson will step down as CFO in Q4, with Grant Highlander appointed as the new CFO [23] - The company plans to continue hiring to support growth targets [11][31] Q&A Session Summary Question: Difference in products acquired by new logos versus existing customers - Management indicated that new logos primarily engage in SaaS deals, while existing customers are transitioning to SaaS, with a focus on the One Workforce initiative to improve efficiency [38][39] Question: Any elongated sales cycles or additional scrutiny on large transactions - Management reported no trends of elongating sales cycles in Q2, with some deals closing earlier than expected [41][43] Question: New SaaS ACV growth and FX impact - Management acknowledged that new SaaS ACV growth can be lumpy but expects strong performance in Q3, with no significant anomalies noted [46][48] Question: Customer preference for consumption-based versus subscription pricing - There is growing interest in consumption-based pricing, but it remains a small part of revenue as customers assess its impact on total cost of ownership [50][51] Question: Bookings trends and customer behavior changes - Management noted strong bookings in Q2, with no clear changes in customer behavior despite macroeconomic concerns [54][55] Question: Impact of macro environment on business - Management expressed confidence in the company's resilience during economic downturns, citing high renewal rates and a strong customer base [62]