NICE Systems (NICE) Tops Q1 EPS by 2c, Beats on Revenues; Boosts FY18 EPS/Revenue Guidance

NICE Systems (NASDAQ: NICE) reported Q1 EPS of $1.03, $0.02 better than the analyst estimate of $1.01. Revenue for the quarter came in at $341 million versus the consensus estimate of $332.93 million.

Guidance for the second quarter and the full-year 2018 is provided using the accounting standard ASC 605 in order to provide better transparency and comparability to 2017 financial data, which was reported under ASC 605.

Second Quarter and Full Year 2018 Guidance:

Second Quarter 2018: Second quarter 2018 non-GAAP total revenues are expected to be in a range of $338 million to $348 million. Second quarter 2018 non-GAAP fully diluted earnings per share are expected to be in a range of $1.00 to $1.06.

Full Year 2018: The Company increased full year 2018 non-GAAP total revenues to an expected range of $1,434 million to $1,458 million. The Company increased full year 2018 non-GAAP fully diluted earnings per share to an expected range of $4.43 to $4.63.

GUIDANCE:

NICE Systems sees FY2018 EPS of $4.43-$4.63, versus the consensus of $4.51. NICE Systems sees FY2018 revenue of $1.434-1.458 billion, versus the consensus of $1.44 billion.

For earnings history and earnings-related data on NICE Systems (NICE) click here.

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