Verint Systems (VRNT) Tops Q4 EPS by 4c

Verint Systems (NASDAQ: VRNT) reported Q4 EPS of $0.90, $0.04 better than the analyst estimate of $0.86. Revenue for the quarter came in at $299.5 million versus the consensus estimate of $281.8 million.

"In Customer Engagement, fourth quarter revenue increased 8% sequentially and 6% year-over-year on a constant currency basis. We continue to expand our portfolio with a flexible hybrid cloud deployment strategy. We are pleased with our progress and expect our cloud revenue to increase more than 25%, driving mid-single digit revenue growth in the current year for Customer Engagement," said Dan Bodner, Verint CEO and President.

GUIDANCE:

Verint Systems sees FY2018 EPS of $2.70 at the midpoint compared to estimate of $2.73. Verint Systems sees FY2018 revenue of $1.14 billion +/- 2% compared with estimate of $1.13B

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

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