NICE Reports 30% Cloud Growth for Second Quarter 2020
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NICE (NICE) Tops Q2 EPS by 5c, Revenues Beat; Offers 3Q EPS/Revenue Mid-Point Guidance Above Consensus
August 6, 2020 5:53 AM EDTNICE (NASDAQ: NICE) reported Q2 EPS of $1.37, $0.05 better than the analyst estimate of $1.32. Revenue for the quarter came in at $395 million versus the consensus estimate of $392.13 million.
GAAP Financial Highlights for the Second Quarter Ended June 30:
Revenues: Second quarter 2020 total revenues increased 3.4% to $393.2 million compared to $380.4 million for the second quarter of 2019.Gross Profit: Second quarter 2020 gross profit increased to $257.4 million from $249.6 million. Second quarter 2020 gross margin was 65.5% compared to 65.6% for the second quarter of 2019.Operating Income: Second quarter 2020 operating income and operating margin increased to $56.1 million and 14.3%, respectively,... More