Business

Good Techniques beats analysts, raises steering

Information analytics software program firm NICE Techniques Ltd. (Nasdaq: NICE; TASE: NICE) reported a ten.9% rise in first quarter income to $455.0 million at the moment, in contrast with $410.40 million for the primary quarter of 2020. On a GAAP foundation, web revenue for the primary quarter was $52.2 million, up from $46.1 million within the first quarter of 2020.

On a non-GAAP foundation, Good Techniques posted a web revenue for the primary quarter of $102.8 million, up from $87.9 million for the primary quarter of 2020. Non-GAAP earnings per share had been up 14.9% at $1.54, in contrast with $1.34 for the primary quarter of 2020. That is $0.05 forward of the analysts’ estimate of $1.49.

For the second quarter, Good Techniques expects income to be $445 million to $455 million, and non-GAAP earnings per share to be in a variety of $1.45 to $1.55.

The corporate has raised its full 12 months income steering to a variety of $1,800 million to $1,820 million from $1,790 million to $1,810 million in its earlier steering. Full 12 months non-GAAP earnings per share are anticipated to be in a variety of $6.19 to $6.39, which compares with earlier steering of $6.12 to $6.32. The present consensus analysts’ estimate is for earnings per share of $6.23 in 2021.

Good Techniques CEO Barak Eilam stated, “We’re happy to start 2021 on a excessive observe as we reported very robust first quarter outcomes throughout the board, together with double-digit development in each complete income and earnings per share. Driving this excellent efficiency is our continued strong development in cloud, as we’re witnessing additional speedy penetration of CXone in all market segments, particularly in very giant enterprises, a section of the market wherein we’re clearly differentiated from a aggressive standpoint.”

Good Techniques share worth closed 0.41% larger in Tel Aviv at the moment. In New York, the inventory is at present up 1.22% at $224.74, giving the corporate a market cap of $14.52 billion.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on Could 13, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2021




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