Verint Sys - VRNT STOCK NEWS

Verint (VRNT) announces a $49 million contract with a leading U.S. healthcare company to increase customer experience automation using their AI-powered open platform. The contract includes the deployment of more than 12 AI-powered bots, showcasing the company's strong AI capabilities and differentiated open platform. The five-year term contract expands existing solutions and introduces new Verint solutions to enhance customer operations.

Verint (NASDAQ: VRNT) wins Best Customer Engagement Solution award at UC Today Partner Awards for its Open CCaaS Platform, showcasing commitment to innovation, channel growth, and market success.

Verint (NASDAQ: VRNT) has been acknowledged for AI innovation and product excellence, receiving multiple awards highlighting the versatility of its Open CCaaS Platform as a foundation for delivering customer experience automation powered by data, AI, and specialized bots.

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.

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.

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.

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.

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.

Verint (VRNT) to Host Investor Day on December 13, 2023, Focusing on AI Differentiation and CX Automation Opportunity