Verint Systems Fiscal Q4 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

MT Newswires Live
03-27

Verint Systems (VRNT) reported fiscal Q4 non-GAAP earnings late Wednesday of $0.99 a share, down from $1.07 a year earlier.

Analysts polled by FactSet expected $1.27.

Revenue in the three months ended Jan. 31 fell to $253.5 million from $265.1 million a year earlier.

Analysts surveyed by FactSet expected $277 million.

In the fiscal year ending Jan. 31, the company expects revenue of $960 million, plus or minus 3%, and adjusted EPS of $2.93 at the midpoint of the revenue guidance.

Analysts polled by FactSet expect revenue of $970.3 million and adjusted EPS of $3.11.

Shares of Verint Systems fell 6.8% in recent after-hours trading.

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