Nice Reports Record Results for the Fourth Quarter and Full Year 2011

NICE Systems announced results for the fourth quarter and full year ending December 31, 2011.

Fourth Quarter 2011 non-GAAP Financial and Business Highlights Include:
?Record revenues of $214 million, up 14 percent year over year
?Fully diluted earnings per share increased 18 percent to a record $0.60
?Cash from operations totaled $53 million
?Record bookings resulting in book to bill substantially greater than 1
?Company completed its acquisition of Merced in February

Full Year 2011 non-GAAP Financial and Business Highlights Include:
?Record revenues of $798 million, up 15 percent year over year
?Record gross and operating margins at 65.5 percent and 18.7 percent, respectively
?Fully diluted earnings per share increased 20 percent to a record $2.10
?Cash from operations totaled $154 million
?Backlog at year-end reaches an all-time high

“We are pleased to finish the very strong year with record results for both the fourth quarter and full year 2011,” said Zeevi Bregman, President and CEO of NICE Systems. “We ended the fourth quarter with very strong bookings, a record backlog, and a healthy pipeline, and we look forward to another year of profitable growth in 2012.”

Mr. Bregman continued, “Much of the success we had in 2011 was marked by the strong growth of our analytics-based solutions. As a leader in innovating around structured and unstructured data analytics, we are seeing strong demand from our customers who are using our best-in-class analytics-based solutions to help them derive better insight into their businesses in real-time. Our solutions are generating impact for our customers by improving top and bottom line business performance, ensuring compliance, achieving a better customer experience for their customers and safeguarding people and assets.”