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) and 8x8, Inc. (NYSE: EGHT) announced a partnership to integrate cloud workforce management applications and cloud contact center solutions aimed at mid-market and enterprise businesses globally. The collaboration will allow customers to optimize contact center operations and enhance customer engagement through deep integrations of their platforms. Urban Outfitters highlighted the benefits of the integration, emphasizing improved real-time data access for better customer experience management.
Verint Systems Inc. (Nasdaq: VRNT) announced the upcoming spin-off of its Cognyte business, distributing 100% of Cognyte shares to Verint shareholders. On February 1, 2021, Verint will distribute one Cognyte share for each Verint share held as of the record date, January 25, 2021. Cognyte shares will start trading on NASDAQ under the symbol 'CGNT' on February 2, 2021. The spin-off is subject to customary closing conditions and is expected to be tax-free for shareholders under U.S. federal and Israeli laws.
Verint Systems Inc. and Cognyte Software Ltd. are hosting virtual investor days and management roadshows ahead of their planned separation, set to finalize after the fiscal year ending January 31, 2021. Verint's Investor Day is scheduled for January 21, 2021, at 10:00 AM ET, while Cognyte's Investor Day occurs on January 11, 2021, also at 10:00 AM ET. The management roadshows for both companies will take place shortly after their respective investor days. Live webcasts and replays will be available on their websites.
Verint Systems Inc. (Nasdaq: VRNT) has been recognized as the leading vendor in Contact Centre Workforce Management (WFM), Quality Monitoring (QM), and Analytics in the APAC region by Frost & Sullivan. The report highlights Verint's market share—37.1% in QM, 26.4% in WFM, and 38.8% in Analytics—surpassing competitors. Verint has also achieved double-digit growth in 2019, with a notable emphasis on cloud-based solutions. The firm was awarded the Contact Centre Optimization Solution of the Year, showcasing its commitment to customer engagement and technological innovations.
Verint Systems Inc. (Nasdaq: VRNT) has launched its Engagement Data Management (EDM) solution, designed to streamline and unify interaction data management across various communication platforms. This first-of-its-kind solution addresses challenges related to data silos, enhancing the ease of accessing and analyzing customer engagement data. Verint EDM offers capabilities such as an enterprise-wide interaction data hub, data ingestion APIs, enrichment, data management, compliance features, and an export API. This solution aims to unlock valuable insights for organizations and improve decision-making processes.
Verint Systems Inc. (NASDAQ: VRNT) reported strong financial results for Q3 and year-to-date, with revenue of $328 million and diluted EPS of $1.02 (non-GAAP). For the nine months ending October 31, 2020, revenue reached $925 million and diluted EPS was $2.61. The company emphasized robust cash flow, cloud transition acceleration, and a significant increase in cloud revenue, expected to grow by 20%. Verint is on track for the separation of its businesses into Verint and Cognyte, with investor days planned for January 2021.
Verint Systems Inc. (Nasdaq: VRNT) has announced the integration of its Cloud Branch Workforce Management solution with TimeTrade Scheduler. This combined effort aims to enhance online appointment scheduling in retail banking, allowing customers to book appointments easily while enabling branch managers to manage staffing efficiently. The integration aims to increase productivity and improve customer experience by streamlining scheduling workflows. Verint's solutions focus on customer engagement optimization, benefiting over 10,000 organizations globally.
Verint Systems Inc. (NASDAQ: VRNT) will host a conference call on December 9, 2020, at 4:30 p.m. ET to discuss its third-quarter financial results for the period ending October 31, 2020. An earnings press release will be released post-market close on the same day. Investors can access the call via a live webcast or by telephone, with specific dialing instructions provided. Verint is recognized for its Actionable Intelligence solutions, serving over 10,000 organizations globally, including a significant portion of Fortune 100 companies.
Verint Systems Inc. (Nasdaq: VRNT) has launched Digital Behavior Analytics as part of its Experience Cloud solution, enhancing the analysis of digital customer interactions. This innovation allows organizations to track millions of customer actions across digital platforms, significantly improving their ability to identify and resolve issues. With these insights, companies can streamline customer experience strategies and enhance key performance indicators (KPIs) such as loyalty and conversion rates. This development underscores Verint's commitment to optimizing customer engagement.
Verint Systems Inc. (Nasdaq: VRNT) announced a December speaker line-up aimed at helping companies leverage artificial intelligence for digital transformation. Notable events include the MSDO Fall Speakers Series on December 1, focusing on digital transformation during COVID-19, and the DestinationCRM conference on December 2, discussing contact center innovations. Verint executives will also participate in the Virtual AI Summit NY on December 9-10, covering AI success and customer experience engagement.
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