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Nice Systems beats analysts in Q2, raises guidance



NICE; TASE: NICE) reported second quarter income of $456.0 million, up 16% as compared with the $393.2 million recorded within the second quarter of 2020. Web revenue on a GAAP foundation was $44.4 million, which compares with $44.6 million for the second quarter of 2020. The online revenue margin decreased to 9.7% in contrast with 11.3% for the second quarter of 2020.

Good Programs makes a speciality of voice recording evaluation, knowledge safety, surveillance, and robotic course of automation. 

On a non-GAAP foundation, second quarter income was $458.9 million, up 16% in contrast with $395.1 million for the second quarter of 2020. Non-GAAP internet revenue rose 16% to $104.3 million from $89.9 million for the second quarter of 2020. The non-GAAP internet revenue margin was 22.7%, which compares with 22.7% within the second quarter of 2020.

Non-GAAP earnings per share within the second quarter of 2021 was up 14.6% to $1.57, in contrast with $1.37 for the second quarter of 2020.

The consensus analysts’ estimate for second quarter was earnings per share of $1.51 on income of $450.29 million.

In its steering for the third quarter Good Programs tasks non-GAAP income of $460-470 million and non-GAAP absolutely diluted earnings per share of $1.51-1.61.

For 2021 as an entire, the corporate tasks non-GAAP income of $1,835-1,855, up from $1,800-1,820 million in its earlier steering. Non-GAAP absolutely diluted earnings per share are anticipated to be in a spread of $6.26-6.46, up from the earlier steering vary of $6.19-6.39. The consensus analysts’ estimate for 2021 is income of $1.82 billion and EPS of $6.29.

Good Programs CEO Barak Eilam stated, “We’re more than happy with the accelerated high line development of 16% within the second quarter, which is a results of the mixture of sturdy cloud development and cloud income rising to greater than 50% of our whole income. The robust second quarter monetary ends in all key metrics are being pushed by strong execution in cloud, digital and AI, continued success with CXone in giant enterprises and fast development in worldwide markets. Digital transformation continues to be within the very early phases, and because the clear market chief, we consider we’ll obtain the identical excellent success in digital as we’ve got in cloud.”

On the Tel Aviv Inventory Trade, Good Programs’ share worth is down 1.43%, at NIS 873.90. In early buying and selling in New York, Good Programs’ share worth is down 1.77% at $272.45. The corporate has a market cap of $17.4 billion.

The share worth started 2021 at $281.51 and reached  a low of $212.68 in Might.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 5, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2020




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