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Jan 31, 2021
Verint Q4 2021 Earnings Report
Announced Q4 and FYE 2021 results, demonstrating strong performance in Customer Engagement and Cyber Intelligence (now Cognyte), and became a pure-play Customer Engagement company following the Cognyte spin-off.
Key Takeaways
Verint announced strong Q4 results for both Customer Engagement and Cyber Intelligence. The company completed the spin-off of Cognyte and is now a pure-play customer engagement company. Customer Engagement cloud growth accelerated in Q4, leading to an increased outlook for FYE 22 cloud revenue growth.
Completed the spin-off of the Cyber Intelligence business into Cognyte Software Ltd.
Verint is now a pure-play customer engagement company.
Customer Engagement cloud growth accelerated in Q4.
Raised outlook for FYE 22 cloud revenue growth to a range of 30% to 35%.
Verint
Verint
Forward Guidance
Verint provided a non-GAAP outlook for the year ending January 31, 2022.
Positive Outlook
- Revenue: $860 million with a range of +/- 2%
- Cloud Revenue Growth: 30% to 35%
- Diluted EPS: $2.20 at the midpoint of our revenue guidance