NICE Reports 31% Increase in Cloud Revenue and 11% Growth in Total Revenue for the Second Quarter 2019

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Go back to NICE Reports 31% Increase in Cloud Revenue and 11% Growth in Total Revenue for the Second Quarter 2019

NICE Systems (NICE) Tops Q2 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Guidance, Affirms Q3 EPS/Revenue Outlook

August 8, 2019 5:46 AM EDT

NICE Systems (NASDAQ: NICE) reported Q2 EPS of $1.25, $0.03 better than the analyst estimate of $1.22. Revenue for the quarter came in at $381 million versus the consensus estimate of $378.8 million.

Revenues: Second quarter 2019 non-GAAP total revenues increased to $381.4 million, up 10.9% from $343.7 million for the second quarter of 2018.Gross Profit: Second quarter 2019 non-GAAP gross profit and non-GAAP gross margin increased to $270.5 million and 70.9%, respectively, from $242.3 million and 70.5%, respectively, for the second quarter of 2018.Operating Income: Second quarter 2019 non-GAAP operating income and non-GAAP operating margin increased to $101.3 million... More