INSIGHTS
Verint Systems announced results for the quarter and full year ended January 31, 2012. "We are pleased with our fourth quarter non-GAAP revenue of $219 million, up from $187 million in the fourth quarter of the prior year. We experienced year-over-year and sequential revenue growth in both the enterprise and security intelligence markets, as well as in all three regions - Americas, EMEA, and APAC....
Verint Announces Fourth Quarter and Full Year Results
Date: 2012/04/05
Source: Verint Systems
Verint Systems announced results for the quarter and full year ended January 31, 2012. "We are pleased with our fourth quarter non-GAAP revenue of $219 million, up from $187 million in the fourth quarter of the prior year. We experienced year-over-year and sequential revenue growth in both the enterprise and security intelligence markets, as well as in all three regions - Americas, EMEA, and APAC. We achieved strong results while investing significantly in the business, including expansion of our enterprise and security solution portfolios and increasing our market coverage, which we believe well positions Verint for continued growth," said Dan Bodner, CEO and President.
Financial Highlights
Below is selected unaudited financial information for the three months and year ended January 31, 2012 prepared in accordance with generally accepted accounting principles ("GAAP") and not in accordance with GAAP ("non-GAAP").
Three Months Ended January 31, 2012 – GAAP
Revenue: $212.0 million
Operating Income: $28.0 million
Diluted EPS: $0.34
Three Months Ended January 31, 2012 – Non-GAAP
Revenue: $219.4 million
Operating Income: $52.6 million
Diluted EPS: $0.75
Year Ended January 31, 2012 – GAAP
Revenue: $782.6 million
Operating Income: $86.5 million
Diluted EPS: $0.56
Year Ended January 31, 2012 – Non-GAAP
Revenue: $796.2 million
Operating Income: $176.6 million
Diluted EPS: $2.47
Financial Outlook
Below is Verint's Non-GAAP outlook for the Year Ending January 31, 2013.
- We expect revenue in the range of $860 to $880 million
- We expect fully diluted earnings per share in the range of $2.55 to $2.70
- While this is our annual outlook, there are seasonal trends in the enterprise software industry, and therefore we expect Q1 to be down sequentially from Q4 levels both in terms of revenue and profitability.