NASDAQ$VRNT
Verint Systems Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Verint's Q2 2024 earnings were announced, featuring a 17% year-over-year increase in SaaS ARR and the maintenance of diluted EPS outlook, while adjusting revenue outlook to the macroeconomic environment.
Verint reported Q2 FYE 2024 revenue of $210 million, a (6)% year-over-year change. Net loss per share was $(0.17) on a GAAP basis, and diluted EPS was $0.48 on a non-GAAP basis. The company is adjusting its annual revenue outlook due to the macroeconomic environment but maintaining its annual outlook for mid-single digit diluted EPS growth.
- SaaS ARR increased 17% year-over-year.
- SaaS Revenue increased approximately 10% year-over-year.
- Recurring revenue accounted for 86% of software revenue, up approximately 200 bps year-over-year.
- Gross Margin increased more than 70 bps year-over-year.
Headline financials
Revenue & EPS history
Verint · Revenue · Quarterly
$210M
Revenue by segment
Verint · $161M total across 1 segment · Q2 2024
- Recurring Revenue$161M-3.3%100.0%
Forward guidance
Verint provided its non-GAAP annual outlook for the year ending January 31, 2024.
Tailwinds
- Revenue: $910 million +/- 2%
- SaaS Revenue: 18% - 20% year-over-year growth
- Adjusted EBITDA: $250 million, at the midpoint of revenue guidance, reflecting 5% year-over-year growth
- Diluted EPS: $2.65 at the midpoint of revenue guidance, reflecting 5% year-over-year growth
- Expect elongated sales cycles to persist for the remainder of the year due to the macroeconomic environment
Headwinds
- Amortization of intangible assets of approximately $8 million for the three months ending October 31, 2023
- Amortization of intangible assets of approximately $33 million for the year ending January 31, 2024
- Revenue adjustments are expected to be between approximately $0 million and $1 million for the three months ending October 31, 2023
- Revenue adjustments are expected to be between approximately $1 million and $2 million for the year ending January 31, 2024
- Stock-based compensation expenses are expected to be between approximately $17 million and $21 million for the three months ending October 31, 2023
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports
+1.2%
Avg return
Earnings day
-4.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
59%
37 / 63 earnings
Positive
+31.6%
Q3 2025
Best reaction
-20.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +0.3% | -0.1% | -0.4% | |
| Q1 2026 | +2.5% | +4.8% | +17.1% | |
| Q4 2025 | -13.4% | -17.5% | -15.6% | |
| Q3 2025 | +31.6% | — | — | |
| Q2 2025 | -12.1% | — | — | |
| Q1 2025 | +21.8% | — | — | |
| Q4 2024 | +7.1% | — | — | |
| Q3 2024 | +17.9% | — | — | |
| Q2 2024 | -20.0% | — | — | |
| Q1 2024 | +0.3% | — | — | |
| Q4 2023 | -3.0% | — | — | |
| Q3 2023 | +0.6% | — | — | |
| Q2 2023 | -7.5% | — | — | |
| Q1 2023 | -4.5% | — | — | |
| Q4 2022 | +1.3% | — | — | |
| Q3 2022 | +2.5% | — | — | |
| Q2 2022 | -2.9% | — | — | |
| Q1 2022 | -2.2% | — | — | |
| Q4 2021 | +1.4% | — | — | |
| Q3 2021 | +5.2% | — | — | |
| Q2 2021 | +7.6% | — | — | |
| Q1 2021 | -11.8% | — | — | |
| Q4 2020 | -14.6% | — | — | |
| Q3 2020 | +7.4% | — | — | |
| Q2 2020 | -12.3% | — | — | |
| Q1 2020 | -1.1% | — | — | |
| Q4 2019 | +13.9% | — | — | |
| Q3 2019 | +3.9% | — | — | |
| Q2 2019 | +7.4% | — | — | |
| Q1 2019 | +0.2% | — | — | |
| Q4 2018 | +13.1% | — | — | |
| Q3 2018 | -6.6% | — | — | |
| Q2 2018 | +2.4% | — | — | |
| Q1 2018 | +1.9% | — | — | |
| Q4 2017 | +8.8% | — | — | |
| Q3 2017 | -9.8% | — | — | |
| Q2 2017 | +8.4% | — | — | |
| Q1 2017 | +7.4% | — | — | |
| Q4 2016 | -3.9% | — | — | |
| Q3 2016 | -14.7% | — | — | |
| Q2 2016 | -6.3% | — | — | |
| Q1 2016 | -2.1% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +7.5% | — | — | |
| Q1 2015 | +10.4% | — | — | |
| Q4 2014 | +8.1% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +8.9% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | +4.3% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q1 2013 | +1.7% | — | — | |
| Q4 2010 | -3.3% | — | — | |
| Q1 2011 | -3.3% | — | — | |
| Q4 2012 | -3.3% | — | — | |
| Q3 2011 | +3.5% | — | — | |
| Q3 2012 | +3.5% | — | — | |
| Q2 2012 | -0.0% | — | — | |
| Q2 2011 | -0.0% | — | — | |
| Q4 2011 | -0.0% | — | — |
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