Welcome to our dedicated page for Verint Systems news (Ticker: VRNT), a resource for investors and traders seeking the latest updates and insights on Verint Systems stock.
Verint Systems Inc. (NASDAQ: VRNT) is a global leader in actionable intelligence® solutions. Founded in 1994 and headquartered in Melville, New York, Verint specializes in providing solutions that help organizations make timely and effective decisions. With over 4,800 dedicated professionals and offices worldwide, Verint serves more than 10,000 organizations in over 180 countries, including over 80 percent of the Fortune 100.
Verint's core business revolves around three critical challenges:
- Customer Engagement Optimization: Solutions that enhance customer experiences by capturing valuable data and using analytics to provide actionable insights.
- Security Intelligence: Systems designed to improve security measures and ensure safer environments.
- Fraud, Risk, and Compliance: Tools that assist in identifying and mitigating risks, preventing fraud, and ensuring regulatory compliance.
Verint's comprehensive solutions enable organizations to gather vast amounts of information from various data types and sources. The company employs advanced analytics to transform this data into actionable intelligence, facilitating improved customer engagement, enhanced security, and effective risk management. Recent achievements include expanding their product portfolio and forging strategic partnerships to enhance their service offerings.
Verint's value-added services are tailored to meet the needs of organizations across different industries, making it easier for them to bridge the gap between limited resources and increasing customer expectations. The company's innovative solutions have proven pivotal in driving enterprise performance improvements and making the world a safer place.
For investors and stakeholders looking for the latest updates and relevant information on Verint's performance, the company actively shares news and developments that highlight their ongoing projects and achievements.
Verint Systems Inc. (NASDAQ: VRNT) will host a conference call on September 9, 2021, at 4:30 p.m. ET to discuss its Q2 financial results for the period ending July 31, 2021. An earnings press release will be issued post-market on the same day. Stakeholders can listen via a real-time webcast or telephone, with access information provided. The company focuses on customer engagement solutions, leveraging AI and analytics to help businesses improve customer relationships.
Verint (NASDAQ: VRNT) announced a study by Forrester Consulting highlighting the economic impact of its solutions. The findings reveal a potential ROI of 391% over three years, with benefits totaling $52.4 million against costs of $10.68 million. Key benefits include a 50% increase in revenue from cross-selling, a 45% reduction in costly calls, and improved contact center efficiency by 44%. The study underscores Verint's role in enhancing customer engagement and operational effectiveness, signaling strong business value for organizations utilizing its offerings.
Verint (NASDAQ: VRNT) has been recognized by Opus Research as the overall market leader in Conversational Intelligence among 11 evaluated vendors. The report highlights Verint's AI and analytics solutions for their superior features, technology, and integration capabilities. With over 2,000 global customer deployments in 80 languages, the Verint platform is noted for its flexibility and effectiveness in transforming conversational data into actionable insights. The report emphasizes the growing importance of Conversational Intelligence for enhancing collaboration, productivity, and competitive advantage.
Verint (NASDAQ: VRNT) has announced the acquisition of Conversocial for $50 million to enhance its digital-first capabilities. This acquisition aims to expand Verint's conversational AI offerings, enabling brands to improve customer engagement across messaging channels like Facebook Messenger and WhatsApp. Conversocial has a strong portfolio, assisting companies like Google and British Airways in scaling social messaging interactions. The deal, anticipated to finalize in Verint's third fiscal quarter, reflects an industry shift towards personalized messaging for better customer experience.
Verint (Nasdaq: VRNT) announced enhancements to Verint Connect, a portal that centralizes information about its solutions, services, and training for customers and partners. The platform now includes the Verint Marketplace for easy product updates and a Developer Portal for integrating solutions. These features aim to improve engagement and collaboration among users. With over 85 Fortune 100 companies relying on Verint's Customer Engagement portfolio, the company emphasizes the importance of skills development, self-service options, and community interaction in enhancing customer experiences.
Verint (Nasdaq: VRNT) has enhanced its Workforce Management (WFM) solutions by acquiring technology from HireIQ, introducing Intelligent Interviewing capabilities. This new feature automates candidate evaluations using AI, thereby improving hiring decisions. Verint WFM supports strategic planning by analyzing resource needs and seasonal demand fluctuations. With Intelligent Interviewing, organizations can streamline hiring, enhance candidate quality, and boost employee retention, crucial in today's competitive labor market where remote work is prevalent.
Verint (Nasdaq: VRNT) has announced the election of two new board members, Linda Crawford and Reid French, during its annual meeting held on June 17. Crawford has extensive experience in cloud software, previously serving at Salesforce and Helpshift. French, a seasoned software industry executive, formerly led Applied Systems, driving substantial revenue growth. Chairman and CEO Dan Bodner highlighted their SaaS expertise as a valuable addition to the board. Verint continues to enhance its customer engagement solutions leveraging AI and analytics.
Verint (Nasdaq: VRNT) reported its financial results for Q1 2022, ending April 30, 2021, achieving $201 million in revenue, an 8% year-over-year growth on a GAAP basis. The company experienced a net loss per share of ($0.04) on a GAAP basis, while diluted EPS was $0.44 non-GAAP. Key highlights include cloud revenue growth exceeding 35%, multi-year cloud wins totaling $34 million, and a notable registration increase of 40% for its Customer Engage Conference. The non-GAAP outlook for total revenue in the fiscal year is $860 million, with diluted EPS projected at $2.23.
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