Q1 2025 Verint Systems Inc Earnings Call Transcript
Key Points
- Revenue and non-GAAP diluted EPS exceeded expectations, with revenue at $221 million and non-GAAP diluted EPS at $0.59.
- Strong SaaS bookings driven by customer adoption of AI-powered bots, with a 25% year-over-year growth in new bundle SaaS ACV bookings.
- Significant large wins, including a $14 million contract with one of the world's largest retailers and several other multi-million dollar deals.
- Raised annual guidance for revenue and non-GAAP diluted EPS due to strong Q1 performance and positive market outlook.
- Innovative open platform and AI-powered bots delivering tangible business outcomes, leading to increased customer adoption and satisfaction.
- Dependence on AI and data-centric platforms may pose a risk if technological advancements slow down or competitors catch up.
- Potential challenges in maintaining high gross margins as the company scales and integrates more complex AI solutions.
- The need for continuous innovation and adaptation to rapidly evolving AI technologies could strain resources and operational efficiency.
- Customer hesitation in committing to large-scale AI adoption upfront, leading to initial lower consumption and gradual budget allocation.
- Market competition from both telephony-centric and AI-centric platforms could intensify, impacting Verint's market share and pricing power.
Thank you for standing by, and welcome to Verint's first-quarter fiscal year 2025 earnings conference call. (Operator Instructions)
I would now like to hand the call over to Matthew Frankel, Investor Relations and Corporate Development Director. Please go ahead.
Thank you, operator. Good afternoon, and thank you for joining our conference call today. I'm here with Dan Bodner, Verint's CEO; Grant Highlander, Verint's CFO; and Alan Roden, Geron's Chief Corporate Development Officer.
Before getting started, I'd like to mention that accompanying our call today, the slide presentation. If you'd like to view these slides in real-time during the call, please visit the IR section of our website at verint.com, click on the Investor Relations tab, and then click on the webcast link and select today's conference call.
I'd also like to draw your attention to the fact that certain matters discussed on this call may contain forward-looking statements
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