Verint Systems (Nasdaq: 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.
Revenue details
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 details
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.
Margin details
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.)
Looking ahead
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.
Investor sentiment
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.
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.
No comments:
Post a Comment