Verint Announces Q2 FYE 2025 Results

Verint (Nasdaq: VRNT), The CX Automation Company, today announced results for the three and six months ended July 31, 2024 (FYE 2025). Revenue for the three months ended July 31, 2024 was $210 million, flat year-over-year on a reported basis and 3% growth year-over-year, adjusted for the divestiture of our quality managed services business on January 31, 2024. Revenue for the six months ended July 31, 2024 was $431 million, representing 1% growth year-over-year on a reported basis and 4% growth year-over-year, adjusted for the divestiture. For the three months ended July 31, 2024, diluted EPS was $0.02 on a GAAP basis and $0.49 on a non-GAAP basis, representing 3% year-over-year growth. For the six months ended July 31, 2024, diluted earnings per share was $0.18 on a GAAP basis and $1.08 on a non-GAAP basis, representing 7% year-over-year growth.

Dan Bodner, CEO of Verint, commented, “Behind our AI momentum is ‘AI Business Outcomes, Now’ that is better than any other vendor in the market. We launched our AI platform a year ago and now have many customers, including some of the world’s leading brands, reporting strong AI business outcomes and achieving significant ROI with Verint’s AI-powered bots. In Q2, we reported strong AI bookings growth and AI-driven Bundled SaaS revenue growth. We believe the AI ​​opportunity in the contact center is very large and early days, and our ability to demonstrate measurable AI business outcomes positions us well for strong AI bookings growth in the second half of the year and acceleration in revenue growth over time.”