Systems Inc. (Nasdaq: VRNT), a global Actionable Intelligence®
leader, today announced preliminary Q1 non-GAAP revenue above guidance
for its first quarter ended April 30, 2019. Verint now expects Q1
non-GAAP revenue to come in 1% to 2% above its guidance of $315 million
that was issued on Verint’s March 27, 2019 earnings call.
“We are pleased to start the year strong, ahead of our revenue guidance,
notwithstanding the ransomware event two weeks before quarter end,
reflecting continued momentum in our business. We also expect our Q1
revenue overachievement to drive healthy EPS in Q1 as we grow non-GAAP
earnings faster than revenue through margin expansion,” said Dan Bodner,
Bodner continued, “We look forward to our earnings call on May 29th
to further review our results and share new disclosures that will help
investors better understand the underlying growth trends in our
business. We also look forward to discussing how our automation and
cloud strategy is clearly differentiating Verint during our sell-side
analyst event on May 20th and May 21st taking
place at our annual Customer Engagement user conference.”
As previously disclosed, Verint experienced a ransomware attack on April
16th. Verint quickly identified and remediated the attack,
and fully restored Verint’s IT services in less than 24 hours without
any loss or disclosure of customer data.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization and cyber intelligence. Today, over 10,000 organizations in
more than 180 countries—including over 85 percent of the Fortune
100—count on intelligence from Verint solutions to make more informed,
effective and timely decisions. Learn more about how we’re creating A
Smarter World with Actionable Intelligence® at www.verint.com.
This press release contains “forward-looking statements,” including
statements regarding expectations, predictions, views, opportunities,
plans, strategies, beliefs, and statements of similar effect relating to
Verint Systems Inc. These forward-looking statements are not guarantees
of future performance and they are based on management’s expectations
that involve a number of risks, uncertainties and assumptions, any of
which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements. For a
detailed discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2019, and other filings we
make with the SEC. The forward-looking statements contained in this
press release are made as of the date of this press release and, except
as required by law, Verint assumes no obligation to update or revise
them or to provide reasons why actual results may differ.
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