NICE Reports 27% Growth in Cloud Revenue For the First Quarter of 2020
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NICE (NICE) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus, Withdraws FY20 Guidance
May 14, 2020 5:49 AM EDTNICE (NASDAQ: NICE) reported Q1 EPS of $1.34, $0.03 better than the analyst estimate of $1.31. Revenue for the quarter came in at $411 million versus the consensus estimate of $410.1 million.
Non-GAAP Financial Highlights for the First Quarter Ended March 31:
Revenues: First quarter 2020 Non-GAAP total revenues increased 8.8% to $411.2 million compared to $377.9 million for the first quarter of 2019.Gross Profit: First quarter 2020 Non-GAAP gross profit and gross margin increased to $291.6 million and 70.9%, respectively, compared to $266.5 million and 70.5%, respectively, for the first quarter of 2019.Operating Income: First quarter 2020 Non-GAAP operating income and Non-GAAP operating margin increased to $110.5 million... More