Verint Systems Shares Down 5% Despite Strong Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/VRNT'>Verint Systems Inc. (NASDAQ:VRNT)</a> shares closed more than 5% lower today despite the company’s reported Q1 results, with EPS of $0.52 coming in better than the Street estimate of $0.47. Revenue was $218 million, beating the Street estimate of $215.42 million.</p>
<p>Management believes that current macro challenges like wage inflation, labor scarcity, and post-pandemic hybrid work will boost demand for the company’s Workforce Engagement (over 50% revenue), Digital-first, and Experience Management solutions, as enterprises' digitalization and desire for superior, more productive, contextual omnichannel communications with customers continue unabated.</p>
<p>The company expects full 2023-year EPS of $2.50, compared to the Street estimate of $2.51, and revenue of $940 million, compared to the Street estimate of $943 million.</p>

NASDAQ:VRNT