© Shutterstock Verint Programs surges 10% on Q3 beat & robust steerage
Verint Programs (NASDAQ:) shares jumped greater than 10% after-hours following the corporate’s reported Q3 outcomes, with EPS of $0.65 coming in higher than the consensus estimate of $0.59.
Income fell 3% year-over-year to $219 million, beating the consensus estimate of $215.9M. SaaS ARR elevated 11% year-over-year pushed by strong bookings and renewals.
“We’re happy to have overachieved our income and non-GAAP diluted EPS expectations in Q3 and consider we’re on observe to finish the 12 months with robust 11% income progress in This autumn. Our 12 month SaaS pipeline on the finish of Q3 was up greater than 20% year-over-year and we’re happy with the rise in buyer AI adoption with nearly all of our Q3 new SaaS ACV bookings together with Verint AI-Powered Bots,” mentioned CEO Dan Bodner.
For fiscal 2024, the corporate expects EPS of $2.65, in comparison with the consensus estimate of $2.62, and income of $910M (+/- 2%), in comparison with the consensus estimate of $907.31M.