Verint Systems (NASDAQ:VRNT) posted better-than-expected first-quarter results and reaffirmed its full-year guidance, sending its shares climbing on Thursday. The company reported adjusted earnings per share of $0.29 on revenue of $208 million, beating Wall Street estimates of $0.13 and $194.6 million, respectively.
NEW YORK--(BUSINESS WIRE)-- #AIagents--Agentic AI leader Parloa entered a partnership with CX automation company Verint, enabling joint management of AI and human customer service agents.
Verint's stock surged after earnings due to low expectations and a new AI-driven narrative, despite average results and a weak balance sheet. The company is gaining traction with over 50 AI bots automating customer workflows, driving 24% growth in AI-related annual recurring revenue. Management guides for improving revenue growth and expects $145 million in free cash flow, valuing the stock at just 8x forward FCF.
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Software - Infrastructure Industry | Technology Sector | Mr. Dan Bodner CEO | XSTU Exchange | US92343X1000 ISIN |
US Country | 3,800 Employees | - Last Dividend | 2 Feb 2021 Last Split | 16 May 2002 IPO Date |