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Verint Announces Q2 FY2020 Results with Strong Cloud Growth

Nachrichtenquelle: Business Wire (engl.)
04.09.2019, 22:09  |  2854   |   |   

Verint Systems Inc. (NASDAQ: VRNT), a global Actionable Intelligence leader, today announced results for the three and six months ended July 31, 2019 (FY2020).

“We are pleased with our second quarter and first half results which reflect our strong innovation and market leadership. In Customer Engagement, we continue to execute well on our Cloud First initiative with strong cloud revenue growth and large enterprise wins. In Cyber Intelligence, our strategic initiative to unbundle and productize our data mining software is tracking well ahead of plan and resulted in significant gross margin expansion. Overall, we continue to accelerate innovation and evolve our business models which we believe is resonating well with our customers and large partner network,” said Dan Bodner, CEO.

FY2020 Financial Highlights (Three and Six Months Ended July 31, 2019, Compared to Three and Six Months Ended July 31, 2018)

 

Three Months Ended July 31, 2019

 

Six Months Ended July 31, 2019

 

GAAP

 

Non-GAAP

 

GAAP

 

Non-GAAP

Revenue

$324 million

 

$331 million

 

$640 million

 

$655 million

y-o-y change

+5.9%

 

+7.4%

 

+7.4%

 

+9.2%

Revenue (Constant Currency)

$328 million

 

$335 million

 

$649 million

 

$664 million

y-o-y change

+7.1%

 

+8.6%

 

+9.0%

 

+10.6%

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