Verint Systems (NAS: VRNT) reported earnings on March 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Verint Systems beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.
Margins increased across the board.
Verint Systems logged revenue of $230.1 million. The seven analysts polled by S&P Capital IQ predicted revenue of $226.3 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $212.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.91. The eight earnings estimates compiled by S&P Capital IQ averaged $0.75 per share. Non-GAAP EPS of $0.91 for Q4 were 21% higher than the prior-year quarter's $0.75 per share. GAAP EPS of $0.43 for Q4 were 26% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.0%, 310 basis points better than the prior-year quarter. Operating margin was 18.7%, 260 basis points better than the prior-year quarter. Net margin was 11.3%, 320 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $202.9 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $901.7 million. The average EPS estimate is $2.76.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Verint Systems is outperform, with an average price target of $35.07.
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The article Verint Systems Crushes Earnings Estimates originally appeared on Fool.com.
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