Verint Systems Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Revises Earnings Guidance for the Year Ending January 31, 2016
Mar 25 15
Verint Systems Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company’s total revenue was $311,653,000 against $255,745,000 a year ago. Operating income was $42,287,000 against $39,479,000 a year ago. Income before provision for income taxes was $23,279,000 against $16,824,000 a year ago. Net income attributable to the company's common shares was $4,583,000 or $0.07 per diluted share against $22,887,000 or $0.42 per diluted share a year ago. Non-GAAP total revenue was $315,594,000 against $257,085,000 a year ago. Non-GAAP operating income was $88,638,000 against $65,450,000 a year ago. Non-GAAP EBITDA was $94,007,000 against $69,819,000 a year ago. Non-GAAP net income attributable to the company's common shareholder was $66,061,000 or $1.06 per diluted common share against $49,406,000 or $0.91 per diluted common share a year ago.
For the full year, the company’s total revenue was $1,128,436,000 against $907,292,000 a year ago. Operating income was $79,111,000 against $122,286,000 a year ago. Income before provision for income taxes was $21,403,000 against $63,315,000 a year ago. Net income attributable to the company's common shares was $30,931,000 or $0.52 per diluted share against $53,583,000 or $0.99 per diluted share a year ago. Non-GAAP total revenue was $1,158,163,000 against $910,021,000 a year ago. Non-GAAP operating income was $262,903,000 against $209,973,000 a year ago. Non-GAAP EBITDA was $283,193,000 against $226,785,000 a year ago. Non-GAAP net income attributable to the company's common shareholder was $199,027,000 or $3.35 per diluted common share against $153,112,000 or $2.84 per diluted common share a year ago. Net cash provided by operating activities was $193,725,000 against $178,284,000 a year ago. Purchases of property and equipment were $23,134,000 against $15,725,000 a year ago. Net debt was $453,422,000 compared to $225,295,000 a year ago.
The company revised earnings guidance for the year ending January 31, 2016. For the period, the company is raising constant currency guidance for revenue growth to a range of 9% to 3% year-over-year. This new guidance reflects a revenue range of $1.2 billion to $1.25 billion. Preliminary revenue guidance provided on December 3, 2014 reflected a revenue range of $1.225 billion to $1.275 billion. This translated into revenue growth in a range of 8% to 12% year-over-year. Consistent with new revenue range, the company is adjusting diluted earnings per share guidance to a range of $3.55 to $3.75. The company expects operating margin similar to last year. The company expects non-GAAP cash tax rate to be approximately 9%. The company expects to enjoy a low cash tax rate for several years due to NOLs and the amount of income it generates in low tax rate jurisdictions.
Verint Systems Extends Customer Engagement Optimization Vision with New Advancements
Mar 23 15
Verint Systems Inc. announced significant enhancements to its enterprise Workforce Optimization (WFO) solution that extends the company’s Customer Engagement Optimization platform. This milestone release goes further than ever in connecting organizations and their employees to customers. Verint has taken its suite of solutions to even greater heights with more powerful analytics, dynamic visualizations and a focus on ease-of-use-delivering Actionable Intelligence® by enriching interactions, improving business processes and optimizing the workforce. The proliferation of new and different communication channels has made it even more difficult for organizations to manage the people and processes required to respond to consumer expectations in a consistent, personalized and contextual manner. Further, the emergence of what some industry experts are calling the omnichannel customer engagement center, is also becoming increasingly important-making workforce optimization all the more critical. Enhancements to Verint’s WFO solution are designed to transform the way global organizations respond to these challenges, enabling smarter engagement for competitive advantage. Verint’s latest WFO solution helps world-class organizations drive smarter engagement with customers, enhance employee productivity across the front and back office and deliver the real-time guidance needed to help improve the overall customer experience. Groundbreaking User Interface for Streamlined Experiences and Easier Navigation: Headlining the enhancements in Verint’s WFO solution is a completely redesigned user interface that provides a modern, dynamic and engaging user experience that can be tailored to suit individual working styles to help ensure employees are more efficient and productive. The solution’s business workflows shorten the time from insight to action. A single, customizable environment is available throughout the solution and displays interactions across channels, enabling smarter engagement. The new UI effectively provides unified WFO on an intuitive, customize-able screen as opposed to multiple discrete applications. In addition to the next-generation user experience, significant advances in analytics run throughout. The newly re-architected speech analytics solution provides a more intelligent, faster and more accurate way to analyze phone calls through automated theme identification, providing new levels of insights out-of-the-box and even richer context of spoken phrases and root causes. This approach reduces the potential for missed insights that can occur with manual categorization, enabling organizations to respond rapidly, seize opportunities and engage in corrective actions as needs arise. Driving Next-Best Action and Improved Customer Experiences with Enhanced Real-Time Guidance: New capabilities like embedded voice biometrics technology help improve the customer experience and reduce fraud-related losses and call handle time. Identifying fraudsters and authenticating customers at the beginning of an interaction reduces the need for agents to ask onerous identity authentication questions—which often require answers that customers don’t easily remember. To help ensure that the outcome of every interaction is positive, new desktop analytics enhancements drive improved scripting which, in combination with real-time speech analytics and notifications, provides employees with validated next-best action recommendations to improve the service experiences and help organizations maximize opportunities to increase customer loyalty. Improving Employee Productivity and Performance: Employee productivity rounds out the key themes. The redesigned quality application better empowers employees to complete self-evaluations. Managers also have comprehensive views of employee performance, learning and coaching history while playing, evaluating or live monitoring interactions. New planning enhancements to performance management help managers improve employee productivity and performance in a structured manner leveraging milestones based on scores of select key performance indicators (KPI's). Using the unique power of Verint’s unified solutions, new productivity and effectiveness reports and KPI's present a true picture of employee productivity and surface unused capacity.