Verint Systems (VRNT) Tops Q2 EPS by 14c, Revenues Beat; Boosts FY19 EPS/Revenue Outlook Above Consensus

Verint Systems (NASDAQ: VRNT) reported Q2 EPS of $0.76, $0.14 better than the analyst estimate of $0.62. Revenue for the quarter came in at $308.5 million versus the consensus estimate of $296.07 million.

“In Q2, our positive momentum continued as we delivered 11% year-over-year revenue growth in both of our business segments. Our results were driven by our focus on actionable intelligence innovation - including analytics, AI, and automation technologies - in customer engagement and cyber intelligence. We are pleased with our strong revenue growth which was accompanied by continued margin expansion. Given our strong results and momentum we are again raising our annual guidance for revenue and EPS,” said Dan Bodner, Verint CEO.

GUIDANCE:

Verint Systems sees FY2019 EPS of $3.15, versus the consensus of $3.09. Verint Systems sees FY2019 revenue of $1.24 billion, versus the consensus of $1.23 billion.

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

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