Verint Systems (VRNT) Tops Q1 EPS by 10c, Maintains FY Guidance

June 7, 2017 4:14 PM EDT

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Verint Systems (NASDAQ: VRNT) reported Q1 EPS of $0.49, $0.10 better than the analyst estimate of $0.39. Revenue for the quarter came in at $265.73 million versus the consensus estimate of $260.5 million.

Financial Outlook

Verint's non-GAAP outlook for the year ending January 31, 2018 remains as follows:

  • For segment revenue we expect:
    • In our Customer Engagement segment, we expect mid-single digit revenue growth.
    • In our Cyber Intelligence segment, we expect high-single digit revenue growth.
  • Based on the above, we expect total revenue of $1.14 billion with a range of +/- 2% and diluted earnings per share of $2.70 at the midpoint.

Our non-GAAP outlook for the year ending January 31, 2018 excludes the following GAAP measures which we are able to quantify with reasonable certainty:

  • Amortization of intangible assets of approximately $70 million.
  • Amortization of discount on convertible notes of approximately $11 million.

Our non-GAAP outlook for the year ending January 31, 2018 excludes the following GAAP measures for which we are able to provide a range of probable significance:

  • Revenue adjustments related to completed acquisitions are expected to be between approximately $11 million and $14 million for the year ending January 31, 2018.
  • Stock-based compensation is expected to be between approximately $65 million and $70 million for the year ending January 31, 2018, assuming market prices for our common stock approximately consistent with current levels.

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



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