Dallas, Texas 09/10/2014 (FINANCIALSTRENDS) – Pioneering Actionable Intelligence solutions provider, Verint Systems Inc. (NASDAQ:VRNT), financial earnings report for the second quarter clearly indicate the impressive growth of the company, in a services industry.
Industry leadership
Actionable Intelligence Solutions that Verint Systems offers its clients ensures that they arrive at decisions through a series of logical steps aimed at error-elimination through the processes of data capturing, processing, analysis and data engagement.
Verint Systems Inc. (NASDAQ:VRNT) main achievement in the past few years has been the growth in sales; $200 million in 2004 to the current one billion and more. In addition, Verint Systems has been able to build a leadership position in actionable intelligence segment and continues to innovative by investing extensively in Research and Development. It’s value today, goes beyond its financial strengths as it holds over 600 patents and has several patent applications pending.
Investors Impressed
Investors in Verint Systems continue to be rewarded by the latest solid quarterly performance, and are happy to see a raise in share prices due to the upwardly revised full year guidance.
The highlight for Verint Systems in this quarter is the unprecedented 24.4% increase in sales, over the sales it saw for the same period last year.
Modest Increase in Guidance
Verint Systems Inc. (NASDAQ:VRNT) has also revised guidance. The revision is $15 million higher than its previously announced sales guidance. The company now expects the non-GAAP revenues to be in the region of $1.125 to $1.175 billion for the current year.
Guidance leads to fresh highs
Verint Systems guidance revision has led to an increase in share prices on Friday. The increase was to the tune of 6% to 7%, impressing investors a second time around.
There is anticipation that the KANA deal, completed in January this year, will contribute to further earnings in the coming quarters!
