Verint Reports Third Quarter Results

Marketing News – MarketingTools365 – Mktg News – Marketing Tools 365 – //// Business Marketing news and Mktg News : Verint Reports Third Quarter Results :

Conference Call to Discuss Selected Financial Information and Outlook
to be Held Today at 8:30 a.m. ET

MELVILLE, N.Y.–(BUSINESS WIRE)–Verint® Systems Inc. (NASDAQ: VRNT), a
global leader in Actionable Intelligence® solutions and
value-added services, today announced results for the three and nine
months ended October 31, 2018.

Financial Highlights

Below is selected unaudited financial information for the three and nine
months ended October 31, 2018 prepared in accordance with generally
accepted accounting principles (“GAAP”) and not in accordance with GAAP
(“non-GAAP”).

Three Months Ended October 31, 2018 – GAAP

     

Three Months Ended October 31, 2018 – Non-GAAP

Revenue: $304.0 million Revenue: $308.0 million
Operating income: $33.7 million Operating income: $69.2 million
Diluted net income per share: $0.29 Diluted net income per share: $0.85
 

Nine Months Ended October 31, 2018 – GAAP

Nine Months Ended October 31, 2018 – Non-GAAP

Revenue: $899.5 million Revenue: $908.4 million
Operating income: $70.7 million Operating income: $178.7 million
Diluted net income per share: $0.59 Diluted net income per share: $2.14
 

CEO Commentary

“In Q3, our positive momentum continued as we delivered more than 8%
year-over-year revenue growth with margin expansion and strong cash
generation. We believe this momentum reflects the investments we have
made over the last several years in advanced analytics, automation and
cloud across our actionable intelligence portfolio. We are very pleased
with the execution of our growth strategy this year which establishes a
solid foundation for our next year’s initial guidance of double digit
earnings growth on a non-GAAP basis,” said Dan Bodner, Verint CEO.

Financial Outlook

Verint’s non-GAAP outlook for the year ending January 31, 2019 is as
follows:

  • Revenue: $1.24 billion with a range of +/- 1%
  • EPS: $3.15 at the midpoint of our revenue guidance

Verint’s initial non-GAAP outlook for the year ending January 31, 2020
is as follows:

  • Revenue: $1.325 billion with a range of +/- 2%
  • EPS: $3.50 at the midpoint of our revenue guidance

Our non-GAAP outlook for the year ending January 31, 2019 excludes the
following GAAP measures which we are able to quantify with reasonable
certainty:

  • Amortization of intangible assets of approximately $55 million.
  • Amortization of discount on convertible notes of approximately $12
    million.

Our non-GAAP outlook for the year ending January 31, 2019 excludes the
following GAAP measures for which we are able to provide a range of
probable significance:

  • Revenue adjustments related to completed acquisitions are expected to
    be between approximately $11 million and $13 million.
  • Stock-based compensation is expected to be between approximately $65
    million and $68 million, assuming market prices for our common stock
    approximately consistent with current levels.

Our initial non-GAAP outlook for the year ending January 31, 2020
excludes the following GAAP measures which we are able to quantify with
reasonable certainty:

  • Amortization of intangible assets of approximately $45 million.
  • Amortization of discount on convertible notes of approximately $12
    million.

Our initial non-GAAP outlook for the year ending January 31, 2020
excludes the following GAAP measures for which we are able to provide a
range of probable significance:

  • Revenue adjustments related to completed acquisitions are expected to
    be between approximately $9 million and $11 million.
  • Stock-based compensation is expected to be between approximately $64
    million and $68 million, assuming market prices for our common stock
    approximately consistent with current levels.

Our non-GAAP outlook does not include the potential impact of any
in-process business acquisitions that may close after the date hereof,
and, unless otherwise specified, reflects foreign currency exchange
rates approximately consistent with current rates.

We are unable, without unreasonable efforts, to provide a reconciliation
for other GAAP measures which are excluded from our non-GAAP outlook,
including the impact of future business acquisitions or acquisition
expenses, future restructuring expenses, and non-GAAP income tax
adjustments due to the level of unpredictability and uncertainty
associated with these items. For these same reasons, we are unable to
assess the probable significance of these excluded items. While
historical results may not be indicative of future results, actual
amounts for the three and nine months ended October 31, 2018 and 2017
for the GAAP measures excluded from our non-GAAP outlook appear in Table
3 to this press release.

Conference Call Information

We will conduct a conference call today at 8:30 a.m. ET to discuss our
results for the three and nine months ended October 31, 2018 and
outlook. An online, real-time webcast of the conference call will be
available on our website at www.verint.com.
The conference call can also be accessed live via telephone at
1-844-309-0615 (United States and Canada) and 1-661-378-9462
(international) and the passcode is 7880725. Please dial in 5-10 minutes
prior to the scheduled start time.

About Non-GAAP Financial Measures

This press release and the accompanying tables include non-GAAP
financial measures. For a description of these non-GAAP financial
measures, including the reasons management uses each measure, and
reconciliations of non-GAAP financial measures presented for completed
periods to the most directly comparable financial measures prepared in
accordance with GAAP, please see the tables below as well as
“Supplemental Information About Non-GAAP Financial Measures” at the end
of this press release.

About Verint Systems Inc.

Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization, security intelligence, and fraud, risk and compliance.
Today, over 10,000 organizations in more than 180 countries—including
over 85 percent of the Fortune 100—count on intelligence from Verint
solutions to make more informed, effective and timely decisions. Learn
more about how we’re creating A Smarter World with Actionable
Intelligence® at www.verint.com.

Cautions About Forward-Looking Statements

This press release contains forward-looking statements, including
statements regarding expectations, predictions, views, opportunities,
plans, strategies, beliefs, and statements of similar effect relating to
Verint Systems Inc. These forward-looking statements are not guarantees
of future performance and they are based on management’s expectations
that involve a number of known and unknown risks, uncertainties,
assumptions, and other important factors, any of which could cause our
actual results or conditions to differ materially from those expressed
in or implied by the forward-looking statements. Some of the factors
that could cause our actual results or conditions to differ materially
from current expectations include, among others: uncertainties regarding
the impact of general economic conditions in the United States and
abroad, particularly in information technology spending and government
budgets, on our business; risks associated with our ability to keep pace
with technological changes, evolving industry standards, and customer
challenges, such as the proliferation and strengthening of encryption,
and the transition of portions of the software market to the cloud, to
adapt to changing market potential from area to area within our markets,
and to successfully develop, launch, and drive demand for new,
innovative, high-quality products that meet or exceed customer needs,
while simultaneously preserving our legacy businesses and migrating away
from areas of commoditization; risks due to aggressive competition in
all of our markets, including with respect to maintaining margins and
sufficient levels of investment in our business; risks created by the
continued consolidation of our competitors or the introduction of large
competitors in our markets with greater resources than we have; risks
associated with our ability to successfully compete for, consummate, and
implement mergers and acquisitions, including risks associated with
valuations, capital constraints, costs and expenses, maintaining
profitability levels, expansion into new areas, management distraction,
post-acquisition integration activities, and potential asset
impairments; risks relating to our ability to effectively and
efficiently enhance our existing operations and execute on our growth
strategy and profitability goals, including managing investments in our
business and operations, managing our cloud transition and our revenue
mix, and enhancing and securing our internal and external operations;
risks associated with our ability to effectively and efficiently
allocate limited financial and human resources to business,
developmental, strategic, or other opportunities, and risk that such
investments may not come to fruition or produce satisfactory returns;
risks that we may be unable to establish and maintain relationships with
key resellers, partners, and systems integrators; risks associated with
our reliance on third-party suppliers, partners, or original equipment
manufacturers (“OEMs”) for certain components, products, or services,
including companies that may compete with us or work with our
competitors; risks associated with the mishandling or perceived
mishandling of sensitive or confidential information and with security
vulnerabilities or lapses, including information technology system
breaches, failures, or disruptions; risks that our products or services,
or those of third-party suppliers, partners, or OEMs which we use in or
with our offerings or otherwise rely on, may contain defects or may be
vulnerable to cyber-attacks; risks associated with our significant
international operations, including, among others, in Israel, Europe,
and Asia, exposure to regions subject to political or economic
instability, fluctuations in foreign exchange rates, and challenges
associated with a significant portion of our cash being held overseas;
risks associated with a significant amount of our business coming from
domestic and foreign government customers, including the ability to
maintain security clearances for applicable projects, and reputational
risks associated with our security solutions; risks associated with
complex and changing local and foreign regulatory environments in the
jurisdictions in which we operate, including, among others, with respect
to trade compliance, anti-corruption, information security, data privacy
and protection, tax, labor, government contracts, and regulations
related to our security solutions; risks associated with our ability to
retain and recruit qualified personnel in regions in which we operate,
including in new markets and growth areas we may enter; challenges
associated with selling sophisticated solutions, including with respect
to educating our customers on the benefits of our solutions or assisting
them in realizing such benefits, and offering and maintaining a broad
solution portfolio; challenges associated with pursuing larger sales
opportunities, including with respect to longer sales cycles,
transaction reductions, deferrals, or cancellations during the sales
cycle, risk of customer concentration, our ability to accurately
forecast when a sales opportunity will convert to an order, or to
forecast revenue and expenses, and increased volatility of our operating
results from period to period; risks that our intellectual property
rights may not be adequate to protect our business or assets or that
others may make claims on our intellectual property or claim
infringement on their intellectual property rights; risks that our
customers or partners delay or cancel orders or are unable to honor
contractual commitments due to liquidity issues, challenges in their
business, or otherwise; risks that we may experience liquidity or
working capital issues and related risks that financing sources may be
unavailable to us on reasonable terms or at all; risks associated with
significant leverage resulting from our current debt position or our
ability to incur additional debt, including with respect to liquidity
considerations, covenant limitations and compliance, fluctuations in
interest rates, dilution considerations (with respect to our convertible
notes), and our ability to maintain our credit ratings; risks arising as
a result of contingent or other obligations or liabilities assumed in
our acquisition of our former parent company, Comverse Technology, Inc.
(“CTI”), or associated with formerly being consolidated with, and part
of a consolidated tax group with, CTI, or as a result of the successor
to CTI’s business operations, Mavenir, Inc. (“Mavenir”), being unwilling
or unable to provide us with certain indemnities to which we are
entitled; risks relating to the adequacy of our existing infrastructure,
systems, processes, policies, procedures, and personnel and our ability
to successfully implement and maintain enhancements to the foregoing and
adequate systems and internal controls for our current and future
operations and reporting needs, including related risks of financial
statement omissions, misstatements, restatements, or filing delays; and
risks associated with changing accounting principles or standards, tax
laws and regulations, tax rates, and the continuing availability of
expected tax benefits. We assume no obligation to revise or update any
forward-looking statement, except as otherwise required by law. For a
detailed discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2018, our Quarterly Report on
Form 10-Q for the quarter ended October 31, 2018, when filed, and other
filings we make with the SEC.

VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT
IT, OPINIONLAB, TERROGENCE, SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS,
CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR-GATE,
SUNTECH, and VIGIA are trademarks or registered trademarks of Verint
Systems Inc. or its subsidiaries. Other trademarks mentioned are the
property of their respective owners.

             
Table 1
VERINT SYSTEMS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(Unaudited)
 
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands, except per share data)       2018   2017 2018   2017
Revenue:
Product $ 111,670 $ 94,827 $ 327,576 $ 279,056
Service and support 192,313   185,899   571,941   537,442  
Total revenue 303,983   280,726   899,517   816,498  
Cost of revenue:
Product 33,124 32,840 100,917 98,708
Service and support 72,182 69,383 218,842 205,928
Amortization of acquired technology 5,933   9,182   18,879   28,246  
Total cost of revenue 111,239   111,405   338,638   332,882  
Gross profit 192,744   169,321   560,879   483,616  
Operating expenses:
Research and development, net 51,587 47,157 155,993 141,911
Selling, general and administrative 99,902 97,304 311,482 302,605
Amortization of other acquired intangible assets 7,585   7,048   22,721   26,727  
Total operating expenses 159,074   151,509   490,196   471,243  
Operating income 33,670   17,812   70,683   12,373  
Other income (expense), net:
Interest income 1,319 654 3,246 1,793
Interest expense (8,686 ) (8,891 ) (27,670 ) (26,997 )
Loss on early retirement of debt (1,934 )
Other (expense) income, net (489 ) (565 ) (2,194 ) 2,529  
Total other expense, net (7,856 ) (8,802 ) (26,618 ) (24,609 )
Income (loss) before provision for income taxes 25,814 9,010 44,065 (12,236 )
Provision for income taxes 5,601   5,944   2,153   9,504  
Net income (loss) 20,213 3,066 41,912 (21,740 )
Net income attributable to noncontrolling interests 1,293   577   3,227   1,984  
Net income (loss) attributable to Verint Systems Inc. $ 18,920   $ 2,489   $ 38,685   $ (23,724 )
 
Net income (loss) per common share attributable to Verint Systems
Inc.:
Basic $ 0.29   $ 0.04   $ 0.60   $ (0.38 )
Diluted $ 0.29   $ 0.04   $ 0.59   $ (0.38 )
 
Weighted-average common shares outstanding:
Basic 65,122   63,759   64,690   63,152  
Diluted 66,200   64,588   65,885   63,152  
 
                                             
Table 2
VERINT SYSTEMS INC. AND SUBSIDIARIES
Segment Revenue
(Unaudited)
 
Three Months Ended

October 31,

Nine Months Ended

October 31,

(in thousands)                                       2018   2017 2018   2017
GAAP Revenue By Segment:
Customer Engagement $ 197,467 $ 181,590 $ 584,730 $ 531,643
Cyber Intelligence 106,516   99,136   314,787   284,855
GAAP Total Revenue $ 303,983   $ 280,726   $ 899,517   $ 816,498
 
Revenue Adjustments Related to Acquisitions:
Customer Engagement $ 3,981 $ 2,916 $ 8,826 $ 11,065
Cyber Intelligence 24   118   93   169
Total Revenue Adjustments Related to Acquisitions $ 4,005   $ 3,034   $ 8,919   $ 11,234
 
Non-GAAP Revenue By Segment:
Customer Engagement $ 201,448 $ 184,506 $ 593,556 $ 542,708
Cyber Intelligence 106,540   99,254   314,880   285,024
Non-GAAP Total Revenue $ 307,988   $ 283,760   $ 908,436   $ 827,732
 
 
Table 3
VERINT SYSTEMS INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Results
(Unaudited)
 
Three Months Ended

October 31,

Nine Months Ended

October 31,

(in thousands, except per share data) 2018   2017 2018   2017
 

Table of Reconciliation from GAAP Gross
Profit to Non-GAAP Gross Profit

 
GAAP gross profit $ 192,744   $ 169,321   $ 560,879   $ 483,616  
GAAP gross margin 63.4 % 60.3 % 62.4 % 59.2 %
Revenue adjustments related to acquisitions 4,005 3,034 8,919 11,234
Amortization of acquired technology 5,933 9,182 18,879 28,246
Stock-based compensation expenses 1,367 2,197 4,158 5,868
Acquisition expenses, net 10 23 (11 ) 91
Restructuring expenses 57   919   1,137   1,937  
Non-GAAP gross profit $ 204,116   $ 184,676   $ 593,961   $ 530,992  
Non-GAAP gross margin 66.3 % 65.1 % 65.4 % 64.2 %
 

Table of Reconciliation from GAAP
Operating Income to Non-GAAP Operating Income

 
GAAP operating income $ 33,670   $ 17,812   $ 70,683   $ 12,373  
As a percentage of GAAP revenue 11.1 % 6.3 % 7.9 % 1.5 %
Revenue adjustments related to acquisitions 4,005 3,034 8,919 11,234
Amortization of acquired technology 5,933 9,182 18,879 28,246
Amortization of other acquired intangible assets 7,585 7,048 22,721 26,727
Stock-based compensation expenses 16,595 15,966 50,509 50,453
Acquisition expenses, net 1,889 (4,063 ) 4,276 2,455
Restructuring expenses 1,022 6,309 3,019 11,557
Other adjustments (1,498 ) 490   (278 ) 1,091  
Non-GAAP operating income $ 69,201   $ 55,778   $ 178,728   $ 144,136  
As a percentage of non-GAAP revenue 22.5 % 19.7 % 19.7 % 17.4 %
 

Table of Reconciliation from GAAP Other
Expense, Net to Non-GAAP Other Expense, Net

 
GAAP other expense, net $ (7,856 ) $ (8,802 ) $ (26,618 ) $ (24,609 )
Unrealized losses (gains) on derivatives, net 366 (890 ) 239 (1,877 )
Amortization of convertible note discount 2,981 2,829 8,829 8,377
Loss on early retirement of debt 1,934
Acquisition expenses, net (15 ) (10 ) 316 710
Restructuring expenses   1     139  
Non-GAAP other expense, net(1) $ (4,524 ) $ (6,872 ) $ (17,234 ) $ (15,326 )
 

Table of Reconciliation from GAAP
Provision for Income Taxes to Non-GAAP Provision for Income Taxes

 
GAAP provision for income taxes $ 5,601   $ 5,944   $ 2,153   $ 9,504  
GAAP effective income tax rate 21.7 % 66.0 % 4.9 % (77.7 )%
Non-GAAP tax adjustments 1,415   (91 ) 15,134   5,082  
Non-GAAP provision for income taxes $ 7,016   $ 5,853   $ 17,287   $ 14,586  
Non-GAAP effective income tax rate 10.8 % 12.0 % 10.7 % 11.3 %
 

Table of Reconciliation from GAAP Net
Income (Loss) Attributable to Verint Systems Inc. to

Non-GAAP
Net Income Attributable to Verint Systems Inc.

 
GAAP net income (loss) attributable to Verint Systems Inc. $ 18,920   $ 2,489   $ 38,685   $ (23,724 )
Revenue adjustments related to acquisitions 4,005 3,034 8,919 11,234
Amortization of acquired technology 5,933 9,182 18,879 28,246
Amortization of other acquired intangible assets 7,585 7,048 22,721 26,727
Stock-based compensation expenses 16,595 15,966 50,509 50,453
Unrealized losses (gains) on derivatives, net 366 (890 ) 239 (1,877 )
Amortization of convertible note discount 2,981 2,829 8,829 8,377
Loss on early retirement of debt 1,934
Acquisition expenses, net 1,874 (4,073 ) 4,592 3,165
Restructuring expenses 1,022 6,310 3,019 11,696
Other adjustments (1,498 ) 490 (278 ) 1,091
Non-GAAP tax adjustments (1,415 ) 91   (15,134 ) (5,082 )
Total GAAP net income (loss) adjustments 37,448   39,987   102,295   135,964  
Non-GAAP net income attributable to Verint Systems Inc. $ 56,368   $ 42,476   $ 140,980   $ 112,240  
 

Table Comparing GAAP Diluted Net Income
(Loss) Per Common Share Attributable to Verint

Systems
Inc. to Non-GAAP Diluted Net Income Per Common Share Attributable
to Verint Systems Inc.

 
GAAP diluted net income (loss) per common share attributable to
Verint Systems Inc.
$ 0.29   $ 0.04   $ 0.59   $ (0.38 )
Non-GAAP diluted net income per common share attributable to Verint
Systems Inc.
$ 0.85   $ 0.66   $ 2.14   $ 1.75  
 

GAAP weighted-average shares used in computing diluted net
income
(loss) per common share attributable to Verint Systems Inc.

66,200 64,588 65,885 63,152

Additional weighted-average shares applicable to non-GAAP diluted
net
income per common share attributable to Verint Systems Inc.

      912  

Non-GAAP diluted weighted-average shares used in computing net
income
per common share attributable to Verint Systems Inc.

66,200   64,588   65,885   64,064  
 

Table of Reconciliation from GAAP Net
Income (Loss) Attributable to Verint Systems Inc. to Adjusted
EBITDA

 
GAAP net income (loss) attributable to Verint Systems Inc. $ 18,920   $ 2,489   $ 38,685   $ (23,724 )
As a percentage of GAAP revenue 6.2 % 0.9 % 4.3 % (2.9 )%
Net income attributable to noncontrolling interest 1,293 577 3,227 1,984
Provision for income taxes 5,601 5,944 2,153 9,504
Other expense, net 7,856 8,802 26,618 24,609
Depreciation and amortization(2) 20,623 23,798 64,235 77,652
Revenue adjustments related to acquisitions 4,005 3,034 8,919 11,234
Stock-based compensation expenses 16,595 15,966 50,509 50,453
Acquisition expenses, net 1,889 (4,063 ) 4,276 2,455
Restructuring expenses 1,021 6,309 3,017 11,553
Other adjustments (1,498 ) 490   (278 ) 1,091  
Adjusted EBITDA $ 76,305   $ 63,346   $ 201,361   $ 166,811  
As a percentage of non-GAAP revenue 24.8 % 22.3 % 22.2 % 20.2 %
 

Table of Reconciliation from Gross Debt
to Net Debt

October 31,
2018

January 31,
2018

 
Current maturities of long-term debt $ 4,382 $ 4,500
Long-term debt 775,342 768,484
Unamortized debt discounts and issuance costs 40,095   50,141  
Gross debt 819,819   823,125  
Less:
Cash and cash equivalents 353,422 337,942
Restricted cash and cash equivalents, and restricted time deposits 32,457 33,303
Short-term investments 49,434   6,566  
Net debt, excluding long-term restricted cash, cash equivalents,
time deposits, and investments
384,506   445,314  
Long-term restricted cash, cash equivalents, time deposits and
investments
26,703   28,402  
Net debt, including long-term restricted cash, cash equivalents,
time deposits, and investments
$ 357,803   $ 416,912  
 
(1) For the three months ended October 31, 2018, non-GAAP other
expense, net of $4.5 million was comprised of $4.5 million of
interest and other expense.
 
(2) Adjusted for financing fee amortization.
 
   
Table 4
VERINT SYSTEMS INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
 
October 31, January 31,
(in thousands, except share and per share data) 2018 2018
Assets
Current Assets:
Cash and cash equivalents $ 353,422 $ 337,942
Restricted cash and cash equivalents, and restricted bank time
deposits
32,457 33,303
Short-term investments 49,434 6,566
Accounts receivable, net of allowance for doubtful accounts of $2.9
million and $2.2 million, respectively
311,492 296,324
Contract assets 70,076
Inventories 21,737 19,871
Deferred cost of revenue 9,651 6,096
Prepaid expenses and other current assets 85,310   82,090  
Total current assets 933,579   782,192  
Property and equipment, net 95,875 89,089
Goodwill 1,364,452 1,388,299
Intangible assets, net 192,186 226,093
Capitalized software development costs, net 11,557 9,228
Long-term deferred cost of revenue 4,283 2,804
Other assets 101,643   82,915  
Total assets $ 2,703,575   $ 2,580,620  
 
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable $ 79,372 $ 84,639
Accrued expenses and other current liabilities 181,452 224,765
Contract liabilities 306,240   196,107  
Total current liabilities 567,064   505,511  
Long-term debt 775,342 768,484
Long-term contract liabilities 27,512 24,519
Other liabilities 120,158   149,770  
Total liabilities 1,490,076   1,448,284  
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock – $0.001 par value; authorized 2,207,000 shares at
October 31, 2018 and January 31, 2018, respectively; none issued.

Common stock – $0.001 par value; authorized 120,000,000 shares.
Issued 66,937,000 and 65,497,000
shares; outstanding
65,272,000 and 63,836,000 shares at October 31, 2018 and January
31, 2018, respectively.

67 65
Additional paid-in capital 1,572,806 1,519,724
Treasury stock, at cost – 1,665,000 and 1,661,000 shares at October
31, 2018 and January 31, 2018, respectively.
(57,598 ) (57,425 )
Accumulated deficit (161,580 ) (238,312 )
Accumulated other comprehensive loss (154,148 ) (103,460 )
Total Verint Systems Inc. stockholders’ equity 1,199,547 1,120,592
Noncontrolling interests 13,952   11,744  
Total stockholders’ equity 1,213,499   1,132,336  
Total liabilities and stockholders’ equity $ 2,703,575   $ 2,580,620  
 

Contacts

Investor Relations
Alan Roden
Verint
Systems Inc.
(631) 962-9304
alan.roden@verint.com

Read full story here . From Business Wire – Marketingtools365(COMM) – ATOM https://ift.tt/2PnsrFU Source : Verint Reports Third Quarter Results – https://ift.tt/2PnsrFU