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Jan 31, 2020
Verint Q4 2020 Earnings Report
Announced Q4 and Full Year FY2020 results, highlighting cloud adoption and transition to software model.
Key Takeaways
Verint Systems Inc. reported Q4 FY2020 revenue of $339 million on a GAAP basis and $349 million on a non-GAAP basis. Diluted EPS was $0.07 on a GAAP basis and $1.11 on a non-GAAP basis. The company made significant progress with its strategic objectives, including its Customer Engagement Cloud First strategy and Cyber Intelligence Software Model strategy.
Cloud adoption is accelerating at large enterprises.
Cloud revenue increased about 45% year-over-year.
New SaaS ACV grew more than 70% year-over-year.
The percentage of software revenue that is recurring increased approximately 400 basis points year-over-year to around 75%.
Forward Guidance
Considering the rapidly changing conditions arising from COVID-19 and uncertainty about its potential impact, Verint is unable to provide guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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