Q3 2025 Verint Systems Inc Earnings Call Transcript
Key Points
- Verint Systems Inc (VRNT) reported Q3 revenue of $224 million, which was $14 million ahead of guidance, representing a 5% year-over-year growth.
- The company experienced strong SaaS momentum, with bundled SaaS revenue increasing by 19% year-over-year, driven by AI innovation.
- Gross margin expanded year-over-year, reflecting a favorable shift towards higher-margin recurring revenue.
- Verint Systems Inc (VRNT) secured large contracts, including an $11 million order from a financial services company and a $7 million order from an insurance company, showcasing strong demand for their AI solutions.
- The company reported significant AI-driven business outcomes for customers, such as a top telecommunications company saving over $10 million annually using Verint's AI-powered solutions.
- The company faces competition from both point solution vendors and internal IT development efforts within enterprises, which could impact market share.
- There is a noted AI paralysis in the market due to noise and hype, which may slow down customer decision-making and adoption of AI solutions.
- Verint Systems Inc (VRNT) acknowledged that some of their contracts allow customers to terminate at any time, which could lead to revenue uncertainty.
- The company expects minimal contribution from its new partnership with RingCentral in Q4, indicating that the partnership's financial impact may take time to materialize.
- Despite strong results, the company maintained its full-year guidance, suggesting potential challenges in achieving higher growth targets.
Good day, and thank you for standing by. Welcome to the Verint Systems third quarter 2025 earnings conference call. (Operator Instructions) Also be advised that today's conference is being recorded.
I would now like to turn the conference over to Matthew Frankel, CFA, 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, Verint's Chief Corporate Development Officer. Before getting started, I'd like to mention that accompanying our call today is a 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, look on the Investor Relations tab and 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
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