Verint Sys - VRNT STOCK NEWS

Verint (NASDAQ: VRNT) released a study revealing that over two-thirds of consumers are less confident in the economy compared to last year, with 76% reducing their spending. The survey, conducted with 2,000 U.S. consumers, highlighted that 56% prioritize 'value for money' when choosing retailers. Positive customer experiences can drive loyalty, with 88% likely to repurchase after a good experience. However, negative experiences can lead to lost sales, indicating that enhancing customer engagement is crucial for retailers amid economic challenges.

Verint Systems (Nasdaq: VRNT) has announced its participation in upcoming investor events. On October 12, the management team will attend an investor dinner hosted by Wedbush Securities in New York City. The following day, October 13, Verint will participate in a virtual non-deal roadshow organized by Needham & Company. Investors seeking more information should contact their respective sales representatives from Wedbush and Needham. Verint is known for its robust Customer Engagement portfolio, leveraging AI and analytics to strengthen client relationships.

Verint has released a study by Forrester Consulting highlighting the economic impact of its Digital-First Engagement solutions. Over three years, companies utilizing Verint's services achieve benefits of $22.80 million against costs of $6.14 million, leading to a 271% ROI and payback in under six months. Significant savings stem from reduced inbound calls, shorter handling times, and improved training outcomes. This positions Verint as a leader in supporting organizations in transitioning to digital customer engagement.

Verint Systems (NASDAQ: VRNT) announced recognition for its Intelligent Interviewing solution, a finalist for the ICMI Global Contact Center Awards' Best New Technology Solution category. Customers like MSC Industrial Supply and Navy Federal Credit Union were also nominated for their exemplary use of Verint's services. Verint's solutions enhance customer engagement and operational efficiency. The winners will be unveiled at the ICMI Contact Center Expo in Orlando from October 24-27, 2022.

Verint Systems Inc. (NASDAQ: VRNT) announced that Grant Highlander will succeed Douglas Robinson as CFO in Q4 of the fiscal year ending January 31, 2023. Robinson will remain with the company in an advisory role to ensure a smooth transition. Highlander has over 20 years of experience and has been with Verint for seven years, contributing significantly to its cloud transformation. CEO Dan Bodner expressed gratitude for Robinson's leadership during his 16-year tenure, highlighting a strong management team in place for future growth.

Verint (VRNT) reported Q2 and H1 FY2023 results with a revenue of $223 million for Q2, marking a 3.9% year-over-year increase. For H1, revenue was $441 million, reflecting a 6.1% growth. Net loss per share for Q2 was $(0.12) on a GAAP basis, while non-GAAP diluted EPS was $0.56. Cloud revenue showed strong growth, with Q2 cloud revenue reaching $118 million, a 29% increase. The company added over 100 new customers in Q2 and adjusted its annual guidance to $920 million in revenue and an EPS of $2.50, indicating a growth outlook despite foreign currency fluctuations.

Verint (Nasdaq: VRNT) has received top scores in customer satisfaction categories according to DMG Consulting’s 2022/2023 AI-Enabled Self-Service for the Enterprise Report. The company achieved a perfect score of 5.0 in Overall Vendor Satisfaction and Product Satisfaction. Verint’s Intelligent Virtual Assistant (IVA) was recognized for its excellence in Conversational AI, customer experience, and multi-modal interactions. The report highlights trends in AI-driven self-service solutions, reflecting increasing consumer preferences for personalized engagements.

Verint Systems Inc. (NASDAQ: VRNT) will hold a conference call on September 7, 2022, at 4:30 p.m. ET to discuss its second-quarter financial results for the period ending July 31, 2022. An earnings press release will precede this call after market closure on the same day. Investors can access the live webcast and presentation slides via Verint's Investor Relations webpage. Forward-looking statements in the press release indicate potential risks and uncertainties that may affect future performance.

New research from Verint reveals that security concerns have overtaken low fees as primary factors in choosing banks. Consumers prioritize personal information security, fraud protection, and fraud alerts. The Verint Experience Index (VXI): Banking Report surveys over 5,000 consumers, showcasing their demand for improved in-branch services and financial wellness tools, especially for younger generations. The study highlights the need for better support in financial management amidst rising global inflation, emphasizing banks' obligation to adapt or risk losing customers.