Verint Systems (NAS: VRNT) reported earnings on June 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Verint Systems met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank to a loss.
Margins shrank across the board.
Verint Systems chalked up revenue of $205.4 million. The eight analysts polled by S&P Capital IQ predicted net sales of $203.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.44. The eight earnings estimates compiled by S&P Capital IQ averaged $0.52 per share. Non-GAAP EPS of $0.44 for Q1 were 17% lower than the prior-year quarter's $0.53 per share. GAAP EPS were -$0.18 for Q1 against $0.16 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.0%, 120 basis points worse than the prior-year quarter. Operating margin was 6.7%, 240 basis points worse than the prior-year quarter. Net margin was -4.5%, 960 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $216.8 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $903.0 million. The average EPS estimate is $2.74.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Verint Systems is outperform, with an average price target of $38.29.
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The article Verint Systems Goes Negative originally appeared on Fool.com.
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