Verint Stock jumps after Q1 Beat, confident FY26 Guidance – Verint Systems (Nasdaq: VRNT)

Verint Systems Inc. VRNTNT Shares will be traded higher on Wednesday after the company has posted better than expected results of the first quarter and re -confirmed the guidelines for the entire year above the expectations of the analysts.

What to know: The company reported a profit of 29 cents per share and defeated the 22 cents consensus estimate by almost 32%. Turnover was $ 208.1 million, prior to the estimate of $ 194.6 million. Although both income and turnover fell on an annual basis, respectively by 51% and 6%, investors respond positively to the results above the guidelines and to the re -confirmed outlook of the company.

Verint maintained his corrected EPS guidelines on the entire year at $ 2.93, slightly above the $ 2.92 consensus. It also confirmed its income prospects between $ 931 million and $ 989 million, in accordance with his earlier reach and bracketing analyst expectations of $ 959 million.

An important focus in the report was the AI-driven company from Verint. AI annual recurring income (ARR) grew by 24% on an annual basis to $ 354 million and now represents almost half of the total Arr of the company, which is $ 710 million. The company expects AI ARR to grow more than 20% for the entire year and strives for a total ARR growth of 8%, supported by the continuous demand for its CX automation tools.

The management also emphasized a strong generation of free cash flow, with an increase of 12% for the year. Verint purchased around 2.5 million shares in the first quarter and said that back purchase will remain a primary use of capital.

Investors respond to the stronger than expected quarter and accelerate the AI ​​momentum and the confidence of management in achieving goals for the entire year.

VRNTNT Price promotion: Verint Systems -shares closed 2.95% at $ 18.34 on publication on Wednesday; Shares rose by 16.33% at $ 21.33 after the hours, according to Benzinga Pro.

Read next:

Photo: Piotr Swat via Shutterstock.