Verint Systems Beats on Both Top and Bottom Lines
Verint Systems (NAS: VRNT) reported earnings on Sep. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q2), Verint Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins were steady, operating margins shrank, net margins expanded.
Verint Systems reported revenue of $212.4 million. The eight analysts polled by S&P Capital IQ looked for a top line of $206.8 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $195.0 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 $0.58. The eight earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.22 for Q2 were 29% higher than the prior-year quarter's $0.17 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 65.9%, about the same as the prior-year quarter. Operating margin was 12.4%, 10 basis points worse than the prior-year quarter. Net margin was 5.9%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.1 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $867.7 million. The average EPS estimate is $2.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Verint Systems is outperform, with an average price target of $37.92.
Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Verint Systems makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Verint Systems to My Watchlist.
The article Verint Systems Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.