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Jan 31, 2023
Verint Q4 2023 Earnings Report
Revenue and diluted EPS exceeded guidance, driven by strong SaaS revenue growth and expanding gross margins.
Key Takeaways
Verint announced Q4 and full year FYE 2023 results with revenue for the three months ended January 31, 2023 was $236 million on a GAAP basis representing 0.9% year-over-year growth and $237 million on a non-GAAP basis, representing 2.0% year-over-year growth on a non-GAAP constant currency basis. Diluted EPS was $0.12 on a GAAP basis and $0.75 on a non-GAAP basis.
Non-GAAP revenue and diluted EPS came ahead of guidance.
Cloud platform delivered differentiated CX automation.
Had many significant SaaS wins from existing customers, including seven and eight digit deals.
Added 100 new logos every quarter.
Verint
Verint
Forward Guidance
We are providing our non-GAAP annual outlook for the year ending January 31, 2024 reflecting the current macroeconomic environment as follows:
Positive Outlook
- Revenue: $935 million +/- 2%
- SaaS Revenue: 25% - 30% year-over-year growth
- Diluted EPS: $2.65 at the midpoint of our revenue guidance