Verint Systems (VRNT) tops Q3 EPS by 9c, to separate into two independent public companies

December 4, 2019 4:06 PM EST

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Verint Systems (NASDAQ: VRNT) reported Q3 EPS of $0.94, $0.09 better than the analyst estimate of $0.85. Revenue for the quarter came in at $325 million versus the consensus estimate of $332.96 million.

Strategic Initiatives

Today, we also announced a plan to separate Verint into two independent public companies shortly after the end of Verint’s next fiscal year ending January 31, 2021. In connection with the separation, we entered into a minority investment agreement with funds advised by Apax partners. In addition, we also announced a $300 million share buyback program over the period ending on February 1, 2021 (on or shortly before the planned business separation). For more information regarding these announcements please see Verint’s Press Release titled “Verint Announces Plan to Separate into Two Independent Publicly Traded Companies” also issued today.

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

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