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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.
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Verint (Nasdaq: VRNT) announced Q4 and full year results for 2022, with revenue hitting $234 million in Q4 (4% YoY growth) and $875 million for the year (5% YoY growth). Non-GAAP diluted EPS reached $0.57 in Q4 and $2.28 for the full year. Cloud revenue surged, growing 36% in Q4 and 40% for the year. The company raised its FY 2023 outlook, targeting revenue of $940 million (+/- 2%), a 7% increase YoY, and cloud revenue growth between 30-32%. CEO Dan Bodner expressed optimism about ongoing cloud transition and strong backlogs totaling $722 million.
Verint released its annual survey highlighting challenges two years post-pandemic. The research indicates a significant Engagement Capacity Gap, with 76% of business leaders anticipating increased challenges. Key initiatives include enhancing agent experience (60%) and digital-first engagement (59%). Staffing remains a critical issue, with 71% reporting difficulties in retaining talent. In positive news, 60% of companies plan to increase hiring this year. Furthermore, organizations are boosting budgets for AI-driven customer engagement technologies to foster empathy and support employee wellness.
Verint Systems Inc. (NASDAQ: VRNT) will hold a conference call on March 29, 2022, at 4:30 p.m. ET, to discuss its fourth quarter and full-year financial results for the year ended January 31, 2022. An earnings press release will be issued after market close on the same day. Interested parties can access the live call via telephone or through Verint's Investor Relations webcast page.
Verint (Nasdaq: VRNT) announces the appointment of Kristen Robinson to its Board of Directors. Robinson brings extensive HR leadership experience from her role as Chief People Officer at Splunk, and previous positions at Pandora Media, Yahoo!, Verigy, and Agilent Technologies. Chairman and CEO Dan Bodner emphasized her expertise in fostering employee experience, global talent management, and diversity. This strategic addition aims to bolster Verint's growth and leadership in the customer engagement sector.
Verint (Nasdaq: VRNT) announced it received top scores in various customer satisfaction categories from DMG Consulting's 2021/2022 Workforce Optimization/Workforce Engagement Management Report. Verint achieved perfect scores in seven Vendor Satisfaction categories, including product suite, implementation, and innovation, with an overall score of 5.0. Additionally, they excelled in 11 Product Features categories, maintaining an average score of 4.97. DMG Consulting noted Verint's focus on customer engagement following the spin-off from Cognyte Software, positioning it well for future growth in a rapidly evolving market.
Verint Systems Inc. (NASDAQ: VRNT) announced an upcoming investor webinar scheduled for March 2, 2022, at 12pm ET. The session will feature key executives, including CEO Dan Bodner and Chief Product Officer Jaime Meritt, discussing the company's innovations in artificial intelligence and cloud platforms. Analyst Peter Levine from Evercore will host the event. Verint provides solutions that enhance customer engagement for major brands, leveraging advanced AI technologies.
Verint Systems (Nasdaq: VRNT) announced participation in an investor webinar on February 15, 2022, at 12 PM ET. CEO Dan Bodner and Chief Product Officer Jaime Meritt will discuss innovations in artificial intelligence and cloud platforms. The session will be hosted by Goldman Sachs analyst Brian Essex. Verint specializes in customer engagement solutions, supporting over 85 Fortune 100 companies by leveraging AI and analytics to enhance customer interactions.
Verint (NASDAQ: VRNT) has been recognized as a leader in the Forrester Wave: Workforce Optimization Platforms Q4 2021 report. The firm received the highest scores in various criteria, including prescriptive analytics, and was noted for its end-to-end workforce engagement solutions. With projected benefits of $52.4 million over three years against costs of $10.68 million, the company showcases a 391% ROI. Verint's solutions are praised for their ability to enhance customer relationships through improved workforce management.
