NASDAQ$VRNT
Verint Systems Inc. · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Reported strong Q4 results, ahead of expectations, with AI-powered open platform driving bundled SaaS momentum.
Verint announced strong Q4 results with revenue of $265 million, a 12% year-over-year increase, and diluted EPS of $0.37 on a GAAP basis and $1.07 on a non-GAAP basis. The company's AI-powered open platform is resonating well in the market, driving bundled SaaS momentum. Verint is raising its revenue and EPS outlook for FYE25 to reflect AI momentum.
- Revenue was up 12% year-over-year.
- SaaS Revenue was up approximately 28% year-over-year.
- Recurring Revenue was 89% of software revenue, up approximately 200bps year-over-year.
- Gross Margin was up approximately 300bps year-over-year.
Headline financials
Revenue & EPS history
Verint · Revenue · Quarterly
$265M
Revenue by segment
Verint · $161M total across 1 segment · Q3 2024
- Recurring Revenue$161M-7.5%100.0%
Forward guidance
Verint provided its non-GAAP outlook for the year ending January 31, 2025, reflecting the divestiture of a managed service offering. Revenue is expected to be $930 million +/- 2%, reflecting 5% year-over-year growth (adjusted for divestiture). Diluted EPS is projected to be $2.89 at the midpoint of revenue guidance, reflecting 6% year-over-year growth. The company is targeting a greater than 40% increase in free cash flow to approximately $180 million and expects its largest use of free cash flow to be share buybacks.
Tailwinds
- Revenue: $930 million +/- 2%, reflecting 5% year-over-year growth (growth rate adjusted for divestiture)
- Diluted EPS: $2.89 at the midpoint of our revenue guidance, reflecting 6% year-over-year growth
- Targeting a greater than 40% increase in free cash flow, to approximately $180 million
- Largest use of free cash flow to be share buybacks, to further reduce our share count
- AI innovation to drive Bundled SaaS growth and free cash flow acceleration
Headwinds
- Outlook reflects the divestiture of a managed service offering on January 31, 2024 that generated $25 million in FYE 24 revenue.
- Excludes amortization of intangible assets of approximately $17 million
- Excludes stock-based compensation expenses expected to be between approximately $70 million and $74 million
- Non-GAAP guidance does not include the potential impact of any in-process business acquisitions that may close after the date hereof
- Unable, without unreasonable efforts, to provide a reconciliation for other GAAP measures which are excluded from our non-GAAP outlook
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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