secwatch.observer — SEC 8-K summary
======================================

Issuer:     VERINT SYSTEMS INC (—)
CIK:        0001166388
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001166388-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verint beats Q4 guidance, raises FY25 revenue and EPS outlook
-------------------------------------------------------------

- Q4 revenue $265M (+12% YoY); diluted EPS $0.37 GAAP, $1.07 non-GAAP.
- Full-year FY24 revenue $910M GAAP/$911M non-GAAP; EPS $0.28/$2.73.
- FY25 outlook: revenue ~$930M (+5% adjusted for divestiture), non-GAAP EPS ~$2.89.
- Targeting FY25 free cash flow ~$180M, a +40% increase; share buybacks expected.
- Bundled SaaS New ACV bookings up 16% YoY in Q4; pipeline up over 20% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166388/000116638824000013/0001166388-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166388/000116638824000013/vrnt-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001166388-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer