Trade Verint Systems Inc - VRNT CFD

Verint Systems Inc. Company profile

About Verint Systems Inc.

Verint Systems Inc. offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through Customer Engagement Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud. Its Customer Engagement vision is powered by its Actionable Intelligence platform to generate intelligence from structured and unstructured data. It offers solutions that help organizations empower their customers and employees through intelligence that can be shared enterprise-wide. It is a provider of security and intelligence data mining software. Its solutions are used for a range of applications, including predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.

Financial summary

BRIEF: For the nine months ended 31 October 2021, Verint Systems Inc. revenues increased 6% to $640.3M. Net income applicable to common stockholders excluding extraordinary items totaled $5.3M vs. loss of $31.9M. Revenues reflect Bundled SaaS revenue segment increase from $33.4M to $87.7M, Support revenue segment increase of 68% to $124.8M. Net Income reflects Fair Value Adjustments - Other Assets increase from $22.8M (expense) to $15.8M (income).

Equity composition

Common Stock $.001 Par, 04/11, 120M auth., 37,349,000 issd., less 260,000 shs. in Treas. @ $6.6M. Insiders control approx. 42.90% . IPO: 5/15/02, 4.5M shares @ $16 per share by Lehman Brothers Inc. Preferred Stock $.001 Par, 2.5M auth., 293K issd., 2/02, 1-for-5.11 stocksplit. 02/07, Company delisted from NASDAQ to OTC Pink Sheet.