NICE jumps on robust Q2 outcomes


Israeli enterprise software program options firm NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) beat the analysts on robust outcomes for the second quarter of 2020.

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NICE Methods reported income of $392 million, up three.6% from the corresponding quarter of 2019, and above the analysts’ forecast of $392 million. GAAP web revenue was $44.80 million in contrast with $42.1 million within the corresponding quarter of 2019. Non-GAAP web revenue was $89.90 million ($1.37 per share), up 11% from the corresponding quarter of 2019, and incomes per share was $zero.05 above the analysts’ forecast.




The corporate’s share value is up 10.94% in premarket buying and selling on Nasdaq at $232.22. Yesterday NICE’s share value closed up zero.62% at $209.32, giving a market cap of $13.084 billion. The corporate’s share value has risen 35% because the begin of 2020.

NICE Methods makes a speciality of phone voice recording, knowledge safety and surveillance and analyzing recorded knowledge. In the course of the Covid-19 disaster the corporate has seen robust development in its cloud knowledge and safety sector and NICE has additionally launched new merchandise to reinforce distant working for enterprises.

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Because of financial uncertainty in the course of the Covid-19 pandemic, NICE has solely offered steering for the third quarter of 2020. The corporate sees income of $403-413 million and NON-Gaap incomes per share of $1.33-$1.43.

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NICE Methods CEO Barak Eilam mentioned, “We’re happy to report one other quarter of robust and accelerated cloud development as cloud revenues grew 30% year-over-year, mixed with a continued substantial improve in profitability. The robust cloud efficiency demonstrates how properly we’re positioned, as enterprises of all sizes change into intensely targeted on excessive agility in a continually altering atmosphere.”

He added,, “Our current enterprise efficiency highlights that: 1) our options are mission crucial now greater than ever, 2) our cloud platforms are important to allow a versatile work-from-home mode of operation, and three) cloud and digital transformation, that are on the core of our enterprise, are actually dramatically accelerating within the enterprise market.”

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Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 6, 2020 © Copyright of Globes Writer Itonut (1983) Ltd. 2020


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