12:34 PM EDT, 06/05/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph)

Verint Systems ( VRNT ) shares were up 17.8% in recent Wednesday trading after the company reported Q1 earnings late Tuesday.

The company reported Q1 non-GAAP earnings of $0.59 per diluted share, up from $0.53 a year earlier.

Analysts polled by Capital IQ expected $0.54.

Revenue for the quarter ended April 30 rose to $221.3 million from $216.6 million a year earlier.

Analysts surveyed by Capital IQ expected $214.6 million.

The company expects fiscal 2025 revenue of $933 million, plus or minus 2%, and non-GAAP diluted EPS of $2.90 at the midpoint of the revenue guidance.

Analysts polled by Capital IQ expect revenue of $932.3 million and normalized EPS of $2.88.

Price: 33.23, Change: +5.01, Percent Change: +17.75