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.
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Verint (NASDAQ: VRNT) announces its Intelligent Virtual Assistant (IVA) solution has received top scores and is positioned as the leader for product completeness, flexibility, and strategic potential among 16 solution providers evaluated in the 2023 Conversational AI Intelliview report by Opus Research. Verint IVA is cited for exceeding criteria and offering demonstrable advantages in all four of the report’s scoring components including state-of-the-art capabilities, integration points and scalability, real-world success, and vision. Verint's Heather Richards, vice president, go-to-market strategy, highlights the importance of Verint's Digital and Voice Containment Bots in driving an entirely new level of CX automation for brands.
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Verint (VRNT) reports SaaS ARR up 11% year-over-year, with positive leading indicators and significant increase in customer AI adoption. Revenue for the three months ended October 31, 2023 was $219 million, representing (3)% year-over-year change. Revenue for the nine months ended October 31, 2023 was $645 million on a GAAP basis and $646 million on a non-GAAP basis, representing (3)% year-over-year change on both a GAAP and non-GAAP basis. The company expects to finish the year strong with 11% non-GAAP revenue growth in the fourth quarter. The company's 12-month SaaS pipeline at the end of Q3 was up more than 20% year-over-year. New SaaS ACV bookings were $25 million, with more than 50% including bots, and a favorable mix shift to recurring revenue of 87% of software revenue recurring year-to-date. Gross margin was up more than 100bps year-to-date compared to the same period last year. Verint is providing a non-GAAP outlook for the year ending January 31, 2024, with revenue expected to be $910 million +/- 2%, SaaS revenue projected to grow by 15% year-over-year, and diluted EPS at $2.65 at the midpoint of revenue guidance, reflecting 5% year-over-year growth.
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Verint (VRNT) wins three 'Best of Awards' from TrustRadius for Verint Workforce Management, Verint Speech Analytics, and Verint Community. The awards recognize Verint's excellence in Best Feature Set, Best Value for the Price, and Best Relationship categories based on customer reviews and sentiment.
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PAR Technology Corporation (NYSE: PAR) announced the appointment of Linda Crawford to its Board of Directors, effective December 5, 2023. Linda brings extensive knowledge of enterprise software and proven leadership experience, having served as the CEO of Helpshift, Inc. and the Chief Customer Officer of Optimizely, Inc. She also held executive positions at Salesforce and Siebel Systems, and currently serves on the board of directors of Verint Systems Inc. and previously served as a director of ChannelAdvisor and Demandware.
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Verint (VRNT) will review its third quarter financial results in a conference call on December 6, 2023, at 4:30 p.m. ET. The earnings press release for the quarter ended October 31, 2023, will be issued after the market closes on December 6th. A real-time webcast of the conference call with presentation slides will be available on Verint's Investor Relations webcast page.
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Verint (VRNT) to Host Investor Day on December 13, 2023, Focusing on AI Differentiation and CX Automation Opportunity
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Verint (NASDAQ: VRNT) announced that Verint Financial Compliance has earned co-sell ready status with Microsoft and is now available in the Microsoft AppSource Marketplace for use on Azure. This solution provides a global archive with easy access and compliance controls for financial institutions, reducing risk and increasing regulatory compliance while lowering operating costs. It offers unparalleled compliance controls on all modalities in Microsoft Teams, combining capture for voice, video, and channel-based chat with transcription accuracy, language detection, and AI-driven insights.
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New research from Verint highlights key customer engagement challenges and opportunities for retailers during the holiday shopping season. Over half of retailers surveyed anticipate staffing stores to be the greatest challenge, with 86% facing hiring and staffing challenges. Automation, such as chatbots, is seen as a key part of customer engagement strategies, with 55% of directors and higher roles considering it important. Retailers also recognize the value of collecting customer feedback but need to improve in using insights to improve customer experiences. Connecting customer data across channels is crucial for successful omni-channel retailing.
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Verint and Zoom Video Communications are expanding their partnership through the ISV Exchange Program. Verint's open platform will now be available to Zoom customers for the first time, allowing them to combine Verint's CX automation solutions with Zoom's offerings. This collaboration aims to enhance customer experience while reducing operational costs.
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Verint launches the Verint Personal Identifiable Information (PII) Redaction Bot to automate compliance and protect customer data
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FAQ
What is the current stock price of Verint Systems (VRNT)?
The current stock price of Verint Systems (VRNT) is $26.87 as of December 20, 2024.
What is the market cap of Verint Systems (VRNT)?
The market cap of Verint Systems (VRNT) is approximately 1.7B.
What does Verint Systems Inc. specialize in?
Verint specializes in actionable intelligence solutions, focusing on customer engagement optimization, security intelligence, and fraud, risk, and compliance.
Where is Verint Systems Inc. headquartered?
Verint Systems Inc. is headquartered in Melville, New York.
When was Verint Systems Inc. founded?
Verint Systems Inc. was founded in 1994.
How many organizations use Verint's solutions?
More than 10,000 organizations in over 180 countries use Verint's solutions.
What industries benefit from Verint's services?
Organizations of all sizes and across various industries benefit from Verint's solutions.
What are the key areas of focus for Verint's solutions?
Key areas of focus include customer engagement optimization, security intelligence, and fraud, risk, and compliance.
What is Verint's approach to data and analytics?
Verint captures large amounts of information from varied data sources and uses advanced analytics to provide actionable insights.
How does Verint help improve enterprise performance?
Verint's solutions enable better customer engagement, enhanced security, and effective risk management, thus driving enterprise performance improvements.
Which companies are among Verint's clients?
Over 80 percent of the Fortune 100 companies use Verint's solutions.
How does Verint share updates and news?
Verint actively shares news and developments highlighting their ongoing projects and achievements.
Verint Systems Inc
Nasdaq:VRNT
VRNT Rankings
VRNT Stock Data
1.71B
61.65M
1.08%
101.34%
5.84%
Software - Infrastructure
Services-computer Integrated Systems Design
United States of America
MELVILLE