The 10-second takeaway
For the quarter ended July 31 (Q2), Verint Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins were steady, operating margins shrank, net margins expanded.
Verint Systems reported revenue of $212.4 million. The eight analysts polled by S&P Capital IQ looked for a top line of $206.8 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $195.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.58. The eight earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.22 for Q2 were 29% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.9%, about the same as the prior-year quarter. Operating margin was 12.4%, 10 basis points worse than the prior-year quarter. Net margin was 5.9%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.1 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $867.7 million. The average EPS estimate is $2.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Verint Systems is outperform, with an average price target of $37.92.
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