Verint Announces Second Quarter Fiscal Year 2025 Results

Verint (Nasdaq: VRNT), The CX Automation Company, today announced results for the three and six months ended July 31, 2024 (fiscal 2025). Revenue for the three months ended July 31, 2024 was $210 million, flat year-over-year on a reported basis and 3% year-over-year growth, adjusting for the divestiture of our Quality Management Services business on January 31, 2024. Revenue for the six months ended July 31, 2024 was $431 million, 1% year-over-year growth on a reported basis and 4% year-over-year growth, adjusting for the divestiture. For the three months ended July 31, 2024, diluted earnings per share were $0.02 on a GAAP basis and $0.49 on a non-GAAP basis, representing 3% year-over-year growth. For the six months ended July 31, 2024, diluted earnings per share were $0.18 on a GAAP basis and $1.08 on a non-GAAP basis, representing 7% year-over-year growth.

Dan Bodner, CEO of Verint, commented, “Our AI momentum is driven by delivering ‘AI business results, now’ that are better than any other vendor in the market. We launched our AI platform a year ago and now have many customers, including some of the world’s leading brands, reporting strong AI business results and achieving significant ROI with Verint’s AI-powered bots. In Q2, we reported strong growth in AI bookings and AI-driven growth in bundled SaaS revenue. We believe the AI ​​opportunity in the contact center is very large and early in its development, and our ability to demonstrate measurable AI business results positions us well for strong AI bookings growth in the second half of the year and accelerated revenue growth over time.”