Welcome to our dedicated page for Verint Sys news (Ticker: VRNT), a resource for investors and traders seeking the latest updates and insights on Verint Sys stock.
Verint Systems Inc (VRNT) delivers AI-powered actionable intelligence solutions for global enterprises, specializing in customer engagement optimization and security analytics. This dedicated news hub provides investors and industry professionals with centralized access to official corporate communications and market-moving developments.
Track all essential updates through curated press releases covering quarterly earnings, technology innovations, leadership changes, and strategic partnerships. Our repository ensures timely access to filings, product launch announcements, and industry recognition updates critical for informed decision-making.
Discover how Verint’s evolving solutions in data analytics and cloud-based platforms address emerging challenges while maintaining compliance standards. Bookmark this page for streamlined monitoring of operational milestones and market positioning within the competitive enterprise software sector.
Verint (NASDAQ: VRNT), known as The Customer Engagement Company, has announced its annual customer engagement conference, Engage 2023, scheduled for June 12-15, 2023, at the Bellagio Hotel & Casino in Las Vegas. Themed 'The Art of Innovation,' the event will feature over 100 sessions led by industry analysts and representatives from major brands, focusing on best practices in customer engagement. New additions include Orientation Sessions for first-time attendees and Master Classes from Verint experts. Notably, keynote speaker Sandra Douglass Morgan, president of the Las Vegas Raiders, will discuss innovative leadership. Attendees can expect insights from leading analysts and customers using Verint's platform to enhance customer experiences.
Verint (NASDAQ: VRNT) has announced its conversational intelligence and analytics solutions, powered by Verint Da Vinci AI, have achieved leadership placement in Opus Research's Conversational Intelligence Intelliview Report. Verint scored highly in several evaluation criteria, including product completeness and business impact. The report highlights Verint's comprehensive suite of conversational intelligence solutions, which includes Interaction Analytics, Real-Time Coaching, and Intelligent Virtual Assistant. With over 10,000 organizations utilizing its platform, Verint emphasizes its commitment to enhancing customer and employee experiences. The company continues to innovate in customer engagement, particularly in leveraging AI and analytics to close the Engagement Capacity Gap.
Verint (NASDAQ: VRNT) announced the upcoming release of advanced features for its Intelligent Virtual Assistant (IVA) on April 19, aimed at enhancing customer experience through automation. This solution, powered by Verint Da Vinci AI, enables organizations to quickly design, deploy, and refine IVAs, improving self-service interactions across digital and voice channels.
A recent study indicated that nearly three-quarters of confident brands had already implemented an IVA by 2022, with over half increasing their investments. The new IVA Studio provides an intuitive platform for rapid deployment and customization, promising an immediate return on investment.
Verint’s IVA integrates seamlessly with existing systems and delivers personalized experiences, while its natural language understanding models are tailored to various industries including banking and healthcare.
Verint (NASDAQ: VRNT) has been recognized as a leader in the 2023 Decision Makers’ Guide to the Conversational Cloud by Opus Research. The report evaluated various platforms, placing Verint among the top three leaders based on its 'Span of Services' and 'Cloud Focus.' Verint's Intelligent Virtual Assistant (IVA) received top scores for completeness of services, financial stability, and customer install base. The company emphasizes the importance of conversational AI and analytics for enhancing customer experience and operational efficiency.
Verint (Nasdaq: VRNT) reported revenue of $236 million for Q4 2023, reflecting a 0.9% year-over-year increase, with full-year revenue reaching $902 million, up 3.2%. Non-GAAP diluted EPS for Q4 was $0.75, exceeding guidance. SaaS revenue grew significantly, up 38% year-over-year, with SaaS Annual Recurring Revenue (ARR) hitting approximately $498 million. The company anticipates SaaS revenue growth of 25% to 30% for FY2024 and has initiated a $200 million stock buyback program. Despite the favorable results, a GAAP net loss per share of $(0.09) for FY2023 raises concerns for investors.
Verint (NASDAQ: VRNT) announces an expanded partnership with Google Cloud to enhance contact center performance through the integration of Google Cloud's Contact Center AI and Verint's Customer Engagement Platform. This collaboration aims to close the Engagement Capacity Gap by leveraging AI-driven CX automation solutions. The Verint Platform's open architecture allows seamless integration with Google Cloud, providing organizations with critical capabilities for improved customer interactions. Furthermore, Verint will offer its Workforce Engagement and CX solutions on the Google Cloud Marketplace, streamlining procurement for clients.
Verint (NASDAQ: VRNT) announced the upcoming Verint Marketplace Technology Showcase on April 19-20, a virtual event to spotlight innovative solutions from partners aimed at enhancing efficiency and customer experience. Verint is committed to fostering collaboration through tools like Verint Connect, which consolidates access to solutions and services. Since the launch of the Partner Program in 2022, the number of participating partners has surged by 104%, with a 194% increase in partner listings on the Verint Marketplace. This event features notable participants including Zoom and Talkdesk, showcasing their contributions to the marketplace.
Verint (NASDAQ: VRNT) has partnered with Eventus Solutions Group, a Tech Mahindra subsidiary, to enhance its Digital-First Engagement solutions for midmarket and enterprise businesses globally. This partnership will enable organizations to optimize customer engagement and improve the digital customer experience (CX). Eventus will provide both technology implementation and consulting services, allowing clients to enhance every customer touchpoint. As consumer preferences shift towards digital channels, Verint's solutions aim to meet growing expectations, incorporating AI and engagement orchestration. This collaboration is set to deepen Verint's existing relationship with Tech Mahindra.
Verint Systems (NASDAQ: VRNT) will hold a conference call on March 29, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for the year ending January 31, 2023. An earnings press release will be issued after the market closes on the same day. The call aims to provide insights into Verint's performance and future outlook. Participants can join via registration on Verint's Investor Relations webpage, which will also feature a real-time webcast with presentation slides.
Verint serves over 10,000 organizations across 180 countries, leveraging AI and analytics to enhance customer engagement.
Verint (NASDAQ: VRNT) has partnered with Carahsoft Technology Corp. to enhance digital transformation in the public sector by distributing Verint’s citizen engagement solutions. This partnership aims to elevate government agencies' customer engagement capabilities as they adapt to growing digital demands, following initiatives like President Biden's Executive Order #14058. Verint's solutions, already FedRAMP authorized, enable real-time insights and improved citizen satisfaction. Carahsoft will distribute these solutions through its extensive reseller network, streamlining access for public sector organizations.
