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Verint reported a 2% year-over-year increase in revenue, reaching $221 million for the three months ended April 30, 2024. Diluted EPS on a GAAP basis was $0.16 and $0.59 on a non-GAAP basis. The company is raising its FYE 2025 outlook due to strong demand for CX automation.
Revenue was up 2% year-over-year on a reported basis and 5% as adjusted for the divestiture.
Gross Margin was up >250bps year-over-year.
SaaS Revenue was up 20% year-over-year.
New Bundled SaaS ACV Bookings were up 25% year-over-year with 80% including Bots.
Verint is raising its non-GAAP outlook for the year ending January 31, 2025.
Visualization of income flow from segment revenue to net income