Verint Systems (VRNT) Tops Q4 EPS by 5c, Beats on Revenues; Offers FY10 EPS/Revenue Outlook Above Consensus

March 28, 2018 4:10 PM EDT

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Note: EPS may not be comparable

Verint Systems (NASDAQ: VRNT) reported Q4 EPS of $1.05, $0.05 better than the analyst estimate of $1.00. Revenue for the quarter came in at $322.7 million versus the consensus estimate of $313.98 million.

CEO Commentary

“The momentum we experienced throughout the year continued in Q4 and we are pleased to have finished the year strong. We believe our overachievement reflects on-going demand for actionable intelligence solutions and the successful execution of our growth strategy. The investments and changes we have made in the business position us well for sustained long-term growth and we are again raising our guidance for the current year,” said Dan Bodner, Verint CEO and President.

Financial Outlook

We are increasing our non-GAAP outlook for both revenue and EPS for the year ending January 31, 2019 is as follows:

  • Segment Revenue Outlook:
    • In our Customer Engagement segment, we expect mid-single digit revenue growth.
    • In our Cyber Intelligence segment, we expect 10% revenue growth.
  • Total Revenue and EPS outlook: Based on the above, we expect total revenue of $1.230 billion with a range of +/- 2% and diluted earnings per share of $3.09 at the midpoint.

Our non-GAAP outlook for the year ending January 31, 2019 excludes the following GAAP measures which we are able to quantify with reasonable certainty:

  • Amortization of intangible assets of approximately $54 million.
  • Amortization of discount on convertible notes of approximately $12 million.

Our non-GAAP outlook for the year ending January 31, 2019 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 $9 million and $10 million for the year ending January 31, 2019.
  • Stock-based compensation is expected to be between approximately $62 million and $67 million for the year ending January 31, 2019, assuming market prices for our common stock approximately consistent with current levels.

GUIDANCE:

Verint Systems sees FY2019 EPS of $3.09, versus the consensus of $3.05. Verint Systems sees FY2019 revenue of $1.23 billion, versus the consensus of $1.22 billion.

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



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