Verint Systems, Inc.

NASDAQ:VRNT   10:48:05 AM EDT
50.18
-1.08 (-2.11%)
Positive Earnings Pre-Announcement

Verint Announces Strong Third Quarter Results, Raises Guidance And Three-Year Targets

Published: 12/02/2021 21:18 GMT
Verint Systems, Inc. (VRNT) - Verint Announces Strong Third Quarter Results, Raises Guidance and Three-year Targets.
Q3 GAAP Earnings per Share $0.12.
Raises Guidance.
Introduces FYe 2023 Guidance Above Prior Targets and Raises FYe 2024 Targets.
Sees for Year Ending Jan 31 2023, Non-GAAP Revenue $935 Million +/- 2%.
Sees for Year Ending Jan 31 2023, Non-GAAP Diluted EPS $2.49 at Midpoint of Our Revenue Guidance.
Sees for Year Ending Jan 31 2022, Non-GAAP Diluted EPS $2.25 at Midpoint of Our Revenue Guidance.
Sees for Year Ending Jan 31 2022, Revenue of $875 Million +/- 1%.
Qtrly Revenue $225 Million on a GAAP Basi, $227 Million on a Non-GAAP Basis.
Qtrly Diluted EPS Was $0.12 on a GAAP Basis And, $0.69 on a Non-GAAP Basis.
Increasing Targets for FYe 2024 to 10% Revenue Growth Taking Total Revenue to $1.03 Billion With About $650 Million in Cloud Revenue.
Q3 Earnings per Share View $0.53, Revenue View $218.0 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $2.25, Revenue View $871.6 Million -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $2.49, Revenue View $926.9 Million -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $231.2 Million
Adjusted EPS is expected to be $0.55

Next Quarter Revenue Guidance is expected to be $216.69 Million
Next Quarter EPS Guidance is expected to be $0.51

More details on our Analysts Page.