Verint Systems Inc.'s (VRNT) posted fourth-quarter net income attributable to company common shares of $21.9 million or $0.50 per share, compared to $13.4 million or $0.34 per share in the same quarter last year.
On a non-GAAP basis, quarterly net income attributable to Verint Systems Inc. common shares rose to $43.1 million or $0.91 per share from $34.1 million or $0.75 per share in the comparable quarter last year. On average, ten analysts polled by Thomson Reuters expected earnings per share of $0.75 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the latest fourth quarter was $228.96 million, up from $211.99 million in the year earlier period, while ten analysts estimated revenues of $226.28 million for the quarter.
For the year ending January 31, 2014, the company is providing annual non-GAAP guidance and expects earnings per share in the range of $2.75 plus or minus 5 cents and revenues to increase between 6% and 7%. Analysts expect the company to report per share earnings of $2.78 on revenues of $905.01 million for the year ending January 31, 2014.
For comments and feedback: editorial@rttnews.com