Overview

* Verint Systems ( VRNT ) fiscal Q2 revenue beats analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 missed consensus, per LSEG data

* Co recently announced it would be acquired by Thoma Bravo for $2 bln

Outlook

* Verint ( VRNT ) suspends financial guidance due to pending acquisition by Thoma Bravo

Result Drivers

* AI GROWTH - AI ARR increased 21% year-over-year, reflecting strong AI business outcomes

* SUBSCRIPTION GROWTH - Subscription ARR grew 6.4% year-over-year, driven by CX Automation leadership

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $208 mln $200.50

Revenue mln (7

Analysts

)

Q2 Miss -$0.09 $0.26 (7

Adjusted Analysts

EPS )

Q2 Net -$1.38

Income mln

Q2 Gross $140.55

Profit mln

Q2 $137.20

Operatin mln

g

Expenses

Q2 $3.35

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy."

* Wall Street's median 12-month price target for Verint Systems Inc ( VRNT ) is $20.50, about 0.5% above its August 29 closing price of $20.39

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)