Verint Systems, a global leader in Actionable Intelligence solutions and value-added services, announced results for the quarter ended April 30, 2012.
“We are pleased with our first quarter non-GAAP revenue of $200 million, representing 13.4 percent year-over-year growth. We experienced double digit year-over-year revenue growth in both the enterprise and security intelligence markets with incre...
Verint Systems, a global leader in Actionable Intelligence solutions and value-added services, announced results for the quarter ended April 30, 2012.
“We are pleased with our first quarter non-GAAP revenue of $200 million, representing 13.4 percent year-over-year growth. We experienced double digit year-over-year revenue growth in both the enterprise and security intelligence markets with increases in all three geographies – Americas, EMEA, and APAC. Our strong results contributed to a record cash increase of approximately $40 million in the first quarter,” said Dan Bodner, CEO and President.
Financial Highlights
Below is selected unaudited financial information for the three months ended April 30, 2012 prepared in accordance with generally accepted accounting principles (“GAAP”) and not in accordance with GAAP (“non-GAAP”).
Three Months Ended April 30, 2012 – GAAP
● Revenue: $196.6 million
● Operating Income: $21.0 million
● Diluted EPS: $0.16
Three Months Ended April 30, 2012 – Non-GAAP
● Revenue: $200.2 million
● Operating Income: $39.4 million
● Diluted EPS: $0.53
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
About Non-GAAP Financial Measures
This press release and the accompanying tables include non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP, please see Tables 2 and 3 as well as "Supplemental Information About Non-GAAP Financial Measures" at the end of this press release. Because we do not predict special items that might occur in the future, and our outlook is developed at a level of detail different than that used to prepare GAAP financial measures, we are not providing a reconciliation to GAAP of our forward-looking financial measures for the year ending January 31, 2013.