Verint(US:VRNT)2025-06-05 08:07Financial Performance Highlights - Verint started FYE26 strong, exceeding revenue and Non-GAAP diluted EPS guidance[5, 7, 27, 29] - Q1 revenue reached $208 million[29] - Non-GAAP diluted EPS was $029[29] - Verint expects to exit FYE26 with 8% ARR growth[11, 47] - The company anticipates 12% free cash flow growth in FYE26[33, 47] ARR Growth and Outlook - ARR growth accelerated throughout the last four quarters: 3% in Q2 FYE25, 4% in Q3 FYE25, 5% in Q4 FYE25, and 6% in Q1 FYE26[10, 28] - Q2 FYE26 ARR outlook is $720 million[34] - Q4 FYE26 ARR is projected to be $768 million[33, 50] AI Performance - AI ARR reached $3539 million in Q1 FYE26[52] - AI ARR growth accelerated over the last four quarters: 15% in Q2 FYE25, 16% in Q3 FYE25, 18% in Q4 FYE25, and 24% in Q1 FYE26[37] - Verint expects to exit the year with over 20% AI ARR growth[38] Customer Success and AI Outcomes - A telco increased sales by $30 million by automating real-time agent guidance, resulting in a revenue increase of $770 per agent per month for over 3000 agents[21] - A bank saved $10 million by containing 10 million interactions through AI-driven self-service with Verint IVA, achieving an 80% containment rate[21] - A bank saved $9 million by reducing call time by 20 seconds through Knowledge Automation Bot, increasing capacity by 7%[21] - An insurer reduced attrition by 30% by providing agents unlimited scheduling flexibility with Time Flex Bot, resulting in $45 million saved[22] - A mortgage lender increased NPS from +3 to +39 through real-time agent coaching with Coaching Bot[22] Guidance - FYE26 revenue is projected to be $960 million +/- 3%[41, 50] - FYE26 Non-GAAP diluted EPS is expected to be $293[41, 50] - Q2 FYE26 revenue is guided at $200 million[42] - Q2 FYE26 Non-GAAP diluted EPS is guided at $026[42]