Verint Systems (VRNT) Tops Q1 EPS by 5c

June 7, 2016 4:09 PM EDT

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Verint Systems (NASDAQ: VRNT) reported Q1 EPS of $0.46, $0.05 better than the analyst estimate of $0.41. Revenue for the quarter came in at $245.4 million versus the consensus estimate of $250.71 million.Verint Systems reaffirmed FY2016 guidance.

Financial Outlook

Below is Verint's non-GAAP outlook for the year ending January 31, 2017.

  • We expect revenue as follows:
    • In our Enterprise Intelligence segment, we expect mid-to-high single digit revenue growth.
    • In our Security Intelligence segments, we expect a decline in revenue of between 10% to 15%.
  • Based on the above, for the year ending January 31, 2017, we expect total revenue to be similar to the year ended January 31, 2016, +/- 2.0% and diluted earnings per share to be similar to the year ended January 31, 2016.

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

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