Verint Results Top Estimate; Lifts FY Guidance - Quick Facts

(RTTNews) - Enterprise software provider Verint Systems Inc (VRNT) Thursday reported second-quarter net loss of $12.3 million or $0.21 per share compared with a profit of $17.5 million or $0.33 per share last year.

Excluding items, adjusted earnings for the quarter were $0.72 per share compared with $0.70 per share a year ago.

Revenues for the quarter were $276.8 million compared with $222.4 million in the prior year. Adjusted revenues were $284.7 million compared with $222.8 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.60 per share on revenues of $270.9 million for the quarter. Analysts' estimates typically exclude special items.

Operating expenses for the quarter increased to $162.8 million from $118.6 million last year. The quarter also included debt-related losses of $5.5 million.

Looking ahead to the fiscal year ending January 2015, the company raised its revenue outlook by $15 million, to a range of $1.13 billion to $1.18 billion. It now projects earnings of $3.35 to $3.50 per share, from prior guidance of $3.30 to $3.50 per share.

Analysts expect earnings of $3.39 per share on revenues of $1.14 billion for the year.