NICE Systems (NASDAQ: NICE) reported Q4 EPS of $1.35, $0.03 better than the analyst estimate of $1.32. Revenue for the quarter came in at $396 million versus the consensus estimate of $394.79 million.

First Quarter and Full Year 2018 Guidance:

Effective January 1st, 2018, the company adopted ASC 606 using the modified retrospective method. 2018 financial data will be reported in both ASC 606 and ASC 605.

Guidance for the first quarter and the full-year 2018 is provided using the accounting standard ASC 605 in order to provide better transparency and comparability to 2017 financial data, which was reported under ASC 605.

First Quarter 2018: First quarter 2018 non-GAAP total revenues are expected to be in a range of $328 million to $338 million. First quarter 2018 non-GAAP fully diluted earnings per share are expected to be in a range of $0.97 to $1.03.

Full Year 2018: Full year 2018 non-GAAP total revenues are expected to be in a range of $1,430 million to $1,454 million. Full year 2018 non-GAAP fully diluted earnings per share are expected to be in a range of $4.40 to $4.60.

GUIDANCE:

NICE Systems sees FY2018 EPS of $4.40-$4.60, versus the consensus of $4.48. NICE Systems sees FY2018 revenue of $1430-1454 million, versus the consensus of $1440 million.

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