NASDAQ$VRNT

Verint Systems Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced Q4 and FYE 2021 results, demonstrating strong performance in Customer Engagement and Cyber Intelligence (now Cognyte), and became a pure-play Customer Engagement company following the Cognyte spin-off.

Verint announced strong Q4 results for both Customer Engagement and Cyber Intelligence. The company completed the spin-off of Cognyte and is now a pure-play customer engagement company. Customer Engagement cloud growth accelerated in Q4, leading to an increased outlook for FYE 22 cloud revenue growth.

  • Completed the spin-off of the Cyber Intelligence business into Cognyte Software Ltd.
  • Verint is now a pure-play customer engagement company.
  • Customer Engagement cloud growth accelerated in Q4.
  • Raised outlook for FYE 22 cloud revenue growth to a range of 30% to 35%.

Headline financials

Total Revenue

$351M

Previous: $349M+0.6%
EPS (adj)

$0.98

Previous: $1.11-11.7%
Capital Expenditures

$7.28M

Previous: $6.64M+9.7%
Free Cash Flow

$88.7M

Previous: $94.8M-6.4%
Net Income

-$18.5M

Previous: $6.67M-378.1%
Operating Income

$22.5M

Previous: $28.3M-20.6%
Gross Profit

$237M

Previous: $219M+8.1%
Cash & Equivalents

$585M

Previous: $379M+54.4%
Total Assets

$3.26B

Previous: $3.02B+8.1%
Stock-Based Comp

$10.8M

Previous: $26.5M-59.5%

Revenue & EPS history

Verint · Revenue · Quarterly

$351M

Q4 2021+0.6%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

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

  • Recurring Revenue
    $161M-7.5%

Forward guidance

Verint provided a non-GAAP outlook for the year ending January 31, 2022.

Tailwinds

  • Revenue: $860 million with a range of +/- 2%
  • Cloud Revenue Growth: 30% to 35%
  • Diluted EPS: $2.20 at the midpoint of our revenue 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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