NASDAQ$VRNT

Verint Systems Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced Q4 and Full Year FY2020 results, highlighting cloud adoption and transition to software model.

Verint Systems Inc. reported Q4 FY2020 revenue of $339 million on a GAAP basis and $349 million on a non-GAAP basis. Diluted EPS was $0.07 on a GAAP basis and $1.11 on a non-GAAP basis. The company made significant progress with its strategic objectives, including its Customer Engagement Cloud First strategy and Cyber Intelligence Software Model strategy.

  • Cloud adoption is accelerating at large enterprises.
  • Cloud revenue increased about 45% year-over-year.
  • New SaaS ACV grew more than 70% year-over-year.
  • The percentage of software revenue that is recurring increased approximately 400 basis points year-over-year to around 75%.

Headline financials

Total Revenue

$349M

Previous: $337M+3.8%
EPS (adj)

$1.11

Previous: $1.08+2.8%
Capital Expenditures

$6.64M

Previous: $8.75M-24.1%
Free Cash Flow

$94.8M

Previous: $74.8M+26.6%
Net Income

$6.67M

Previous: $27.3M-75.6%
Operating Income

$28.3M

Previous: $43.6M-35.0%
Gross Profit

$219M

Previous: $220M-0.1%
Cash & Equivalents

$379M

Previous: $370M+2.5%
Total Assets

$3.02B

Previous: $2.87B+5.2%
Stock-Based Comp

$26.5M

Previous: $16.1M+64.3%

Revenue & EPS history

Verint · Revenue · Quarterly

$349M

Q4 2020+3.8%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Verint · $161M total across 1 segment · Q3 2024

  • Recurring Revenue
    $161M-7.5%

Forward guidance

Considering the rapidly changing conditions arising from COVID-19 and uncertainty about its potential impact, Verint is unable to provide guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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