Nice Ltd - NICE STOCK NEWS

NICE (Nasdaq: NICE) has partnered with Skipton Building Society to implement its cloud-based Workforce Management (WFM) and Employee Engagement Manager (EEM) solutions. This decision aims to enhance employee satisfaction through flexible scheduling and AI-driven forecasting. The migration to the cloud will alleviate maintenance burdens and integrate seamlessly with existing systems, resulting in operational efficiencies and potential cost savings. The upgrade will empower 450 contact center agents with improved scheduling capabilities.

NICE reported strong fourth quarter results for 2020, with cloud revenue reaching $219 million, a 31% increase year-over-year, while total revenue rose by 1% to $435 million. The company’s cloud gross margin improved to 58.3%. However, diluted EPS decreased to $0.83 from $0.95 in the same quarter last year. For the full year, cloud revenue was $777 million, up 30%, and total revenue increased by 5% to $1.648 billion. Operating cash flow reached a record $480 million. NICE expects continued growth in 2021 with projected revenues between $1.790 billion and $1.810 billion.

NICE (Nasdaq: NICE) is set to release its fourth quarter and full year 2020 results on February 18th, before the opening of the NASDAQ. A management conference call will follow at 8:30 AM Eastern, accessible via designated US, UK, and Israel dial-in numbers. The call will also be webcast live on the company's investor relations website. NICE is recognized as a leading provider of enterprise software solutions, with over 25,000 organizations across 150 countries utilizing its services, including many Fortune 100 companies.

NICE Actimize, part of NICE (Nasdaq: NICE), has launched the next-generation sanctions screening solution, WL-X. Utilizing AI, WL-X enhances data management and screening capabilities while streamlining customer onboarding. Key features include real-time screening, advanced biometrics, and machine-learning-driven optimization, designed to reduce regulatory risk and false positives. The solution supports AML operations and complies with global regulations, aiming to improve accuracy and efficiency for financial institutions.

NICE (Nasdaq: NICE) has partnered with Fusion BPO to implement its Workforce Management (WFM) solution in the cloud. This collaboration aims to enhance employee performance and operational efficiency, enabling employees to create personalized schedules. NICE's AI-driven forecasting and scheduling tools are designed to improve service quality and customer loyalty while reducing operational costs.

NICE Actimize has been awarded the 2021 Frost & Sullivan North America Technology Innovation Leadership Award for its enterprise fraud management (EFM) solutions. The assessment focuses on technology leverage and business impact, highlighting NICE Actimize's Integrated Fraud Management (IFM-X) platform that integrates data analytics and AI to tackle fraud. The report praises NICE Actimize's commitment to cloud-based services and ongoing investment in AI and machine learning, positioning it as a leader in combating evolving fraud threats.