Customer engagement platform Verint Systems Q2 revenue beats estimates
Overview
Verint Systems fiscal Q2 revenue beats analyst expectations, per LSEG data
Adjusted EPS for fiscal Q2 missed consensus, per LSEG data
Co recently announced it would be acquired by Thoma Bravo for $2 bln
Outlook
Verint suspends financial guidance due to pending acquisition by Thoma Bravo
Result Drivers
AI GROWTH - AI ARR increased 21% year-over-year, reflecting strong AI business outcomes
SUBSCRIPTION GROWTH - Subscription ARR grew 6.4% year-over-year, driven by CX Automation leadership
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $208 mln | $200.50 mln (7 Analysts) |
Q2 Adjusted EPS | Miss | -$0.09 | $0.26 (7 Analysts) |
Q2 Net Income |
| -$1.38 mln |
|
Q2 Gross Profit |
| $140.55 mln |
|
Q2 Operating Expenses |
| $137.20 mln |
|
Q2 Operating Income |
| $3.35 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Verint Systems Inc is $20.50, about 0.5% above its August 29 closing price of $20.39
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nBw8hNlYFa
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