NASDAQ$VRNT

Verint Systems Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Revenue and diluted EPS exceeded guidance, driven by strong SaaS revenue growth and expanding gross margins.

Verint announced Q4 and full year FYE 2023 results with revenue for the three months ended January 31, 2023 was $236 million on a GAAP basis representing 0.9% year-over-year growth and $237 million on a non-GAAP basis, representing 2.0% year-over-year growth on a non-GAAP constant currency basis. Diluted EPS was $0.12 on a GAAP basis and $0.75 on a non-GAAP basis.

  • Non-GAAP revenue and diluted EPS came ahead of guidance.
  • Cloud platform delivered differentiated CX automation.
  • Had many significant SaaS wins from existing customers, including seven and eight digit deals.
  • Added 100 new logos every quarter.

Headline financials

Total Revenue

$237M

Previous: $236M+0.2%
EPS (adj)

$0.75

Previous: $0.57+31.6%
Capital Expenditures

$10M

Previous: $5.06M+98.3%
Free Cash Flow

$61.2M

Previous: $59.3M+3.1%
Net Income

$13.1M

Previous: -$4.26M+407.4%
Operating Income

$33.7M

Previous: $6.2M+443.4%
Gross Profit

$163M

Previous: $153M+7.1%
Cash & Equivalents

$282M

Previous: $359M-21.4%
Total Assets

$2.31B

Previous: $2.36B-2.0%
Stock-Based Comp

$12.1M

Previous: $14.2M-14.6%

Revenue & EPS history

Verint · Revenue · Quarterly

$237M

Q4 2023+0.2%vs Q4 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

  • Recurring Revenue
    $161M-7.5%

Forward guidance

We are providing our non-GAAP annual outlook for the year ending January 31, 2024 reflecting the current macroeconomic environment as follows:

Tailwinds

  • Revenue: $935 million +/- 2%
  • SaaS Revenue: 25% - 30% year-over-year growth
  • Diluted EPS: $2.65 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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