06:23 AM EDT, 05/16/2024 (MT Newswires) -- NICE (NICE) reported Q1 adjusted earnings Thursday of $2.58 per diluted share, up from $2.03 a year earlier.

Analysts polled by Capital IQ expected $2.45.

Revenue for the quarter ended March 31 was $659.3 million, up from $571.9 million a year earlier.

Analysts surveyed by Capital IQ expected $655.4 million.

The company said it expects Q2 adjusted EPS of $2.53 to $2.63. Analysts polled by Capital IQ expect $2.54.

Adjusted EPS for the year are now projected to be $10.53 to $10.73, the company said. That compares with $10.40 to $10.60 previously. Analysts surveyed by Capital IQ expect $10.45.

Separately, NICE said its chief executive officer, Barak Eilam, plans to step down from his position, effective Dec. 31. The company said its board has started the search for a new CEO in partnership with a recruiting firm, which would consider both internal and external candidates.

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