Verint (VRNT) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Verint Systems (VRNT) reported revenue of $224.19 million for the quarter ended October 2024, marking a year-over-year increase of 2.5% and exceeding the Zacks Consensus Estimate of $210.21 million by 6.65% [1] - The company's EPS for the same period was $0.54, down from $0.65 a year ago, but it surpassed the consensus EPS estimate of $0.43 by 25.58% [1] Revenue Breakdown - Perpetual revenue (non-GAAP) was reported at $23.47 million, exceeding the average estimate of $21.39 million by analysts, but reflecting a year-over-year decline of 4.4% [3] - Professional services revenue (non-GAAP) was $20.86 million, falling short of the $23.02 million average estimate and showing a significant year-over-year decrease of 36.5% [3] - Support revenue (non-GAAP) reached $25.46 million, slightly above the average estimate of $24.80 million, but still representing a year-over-year decline of 24.3% [3] Stock Performance - Over the past month, Verint's shares have returned +9.7%, outperforming the Zacks S&P 500 composite's +5.8% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]