https://assets.capyfin.com/instruments/678fdc13234e27009c5d5f0c.png avatar
Verint
🇺🇸 NASDAQ:VRNT
View Company
OverviewEarningsDividends
•
Jul 31, 2024

Verint Q2 2025 Earnings Report

Verint announced Q2 FYE 2025 results, showcasing strong AI momentum and bundled SaaS revenue growth.

Key Takeaways

Verint's Q2 FYE 2025 showed flat revenue year-over-year, but a 3% increase adjusted for divestiture. The company reported a GAAP EPS of $0.02 and a non-GAAP EPS of $0.49, with bundled SaaS revenue growing by 15% and AI bookings increasing by over 40% year-over-year. They continue to expect 5% adjusted revenue growth and 10% adjusted EBITDA growth with strong free cash flow growth for the full year.

Revenue was flat year-over-year, but up 3% adjusted for divestiture.

Gross margin increased by over 150 bps year-over-year.

Bundled SaaS revenue grew by 15% year-over-year.

AI bookings increased by over 40% year-over-year.

Total Revenue
$210M
Previous year: $210M
-0.1%
EPS
$0.49
Previous year: $0.48
+2.1%
Gross Profit
$145M
Previous year: $141M
+2.9%
Cash and Equivalents
$208M
Previous year: $231M
-10.1%
Free Cash Flow
-$414K
Previous year: -$300K
+38.0%
Total Assets
$2.18B
Previous year: $2.18B
+0.1%

Verint

Verint

Verint Revenue by Segment

Forward Guidance

Verint expects 5% adjusted revenue growth and $2.90 diluted EPS 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
  • Strong AI momentum in H1
  • Increasing market demand for tangible AI business outcomes
  • Advanced stage bundled SaaS pipeline for the remainder of the year was up around 20% from the same period last year

Challenges Ahead

  • Excludes amortization of intangible assets of approximately $4 million for the three months ending October 31, 2024
  • Excludes amortization of intangible assets of approximately $18 million for the year ending January 31, 2025
  • Stock-based compensation expenses are expected to be between approximately $19 million and $21 million for the three months ending October 31, 2024
  • Stock-based compensation expenses are expected to be between approximately $78 million and $82 million for the year ending January 31, 2025
  • Our non-GAAP guidance does not include the potential impact of any in-process business acquisitions that may close after the date hereof

Company Overview

Full financial data and analysis

View Verint