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Apr 30, 2024
Verint Q1 2025 Earnings Report
Reported strong Q1 FYE 2025 results, with revenue and diluted EPS ahead of guidance. The company is raising revenue and diluted EPS outlook for FYE25.
Key Takeaways
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
Verint
Forward Guidance
Verint is raising its non-GAAP outlook for the year ending January 31, 2025.
Positive Outlook
- Revenue: $933 million +/- 2%, reflecting 5% year-over-year growth (adjusted for the divestiture discussed above)
- Diluted EPS: $2.90 at the midpoint of our revenue guidance, reflecting 6% year-over-year growth