NICE(NICE)2025-02-20 12:59Revenue Growth - Total revenue for Q4 2024 was $721.6 million, representing a 16% year-over-year increase[3] - Cloud revenue for Q4 2024 reached $533.9 million, up 24% year-over-year[3] - Full-year 2024 total revenue was $2,735.3 million, a 15% increase compared to 2023[4] - Full-year 2024 cloud revenue grew by 25% to $1,984.2 million[4] - Total revenue for Q4 2024 reached $721.6 million, a 15.8% increase from $623.2 million in Q4 2023[28] - Cloud revenue grew to $533.9 million, up 24.5% from $429.0 million year-over-year[28] - Full-year 2025 non-GAAP total revenues are expected to be between $2,918 million and $2,938 million, indicating a 7% year-over-year growth[18] - Full-year 2025 guidance includes an anticipated 12% year-over-year growth in cloud revenue[18] Profitability Metrics - Non-GAAP fully diluted EPS for Q4 2024 was $3.02, a 28% increase year-over-year[16] - Operating margin for full-year 2024 was 20.0%, up from 18.3% in 2023[4] - Non-GAAP operating margin for full-year 2024 reached 31.1%, compared to 29.6% in 2023[14] - Net income for Q4 2024 was $99.5 million, representing a 21.8% increase compared to $81.7 million in Q4 2023[28] - Operating income increased to $154.3 million, a 25.8% rise from $122.7 million in the same quarter last year[28] - Non-GAAP net income for the year 2024 was $728.4 million, up 25.1% from $582.7 million in 2023[30] - Non-GAAP diluted earnings per share increased to $11.12 in 2024, compared to $8.79 in 2023, reflecting a 26.8% growth[30] - The company reported a GAAP net income of $442.6 million for the year 2024, a 30.8% increase from $338.3 million in 2023[30] Cash Flow and Assets - Operating cash flow for full-year 2024 increased by 48% to $832.6 million[5] - The company reported a net cash provided by operating activities of $249.5 million for Q4 2024, compared to $180.5 million in Q4 2023[29] - Total cash provided by operating activities for the year 2024 was $832.6 million, compared to $561.4 million in 2023, marking a 48.2% increase[34] - Free cash flow for Q4 2024 was $225.1 million, a 40.3% increase from $160.5 million in Q4 2023[34] - Cash and cash equivalents decreased to $481.7 million from $511.8 million at the end of Q4 2023[29] - Total current assets increased to $2.5 billion, up from $2.3 billion year-over-year[27] - Total long-term assets slightly decreased to $2.79 billion from $2.80 billion in the previous year[27] - Total liabilities increased to $1.69 billion, compared to $1.76 billion in Q4 2023[27] - Shareholders' equity rose to $3.6 billion, an increase from $3.4 billion year-over-year[27] Expenses - Operating expenses on a GAAP basis for Q4 2024 were $334.9 million, a 11.8% increase from $299.6 million in Q4 2023[30] - Research and development expenses for the year 2024 totaled $28.8 million, down from $31.4 million in 2023, indicating a 8.3% reduction[31] Gross Profit and EBITDA - GAAP gross profit for the year 2024 was $1.83 billion, representing a 13.4% increase from $1.61 billion in 2023[30] - Non-GAAP EBITDA for the year 2024 was $933.1 million, up 20.5% from $774.8 million in 2023[33]