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Israeli enterprise software program options firm NICE Programs Ltd. (Nasdaq: NICE; TASE:NICE) had a powerful third quarter boosted by continued progress in cloud actions. The monetary outcomes printed in the present day confirmed that the corporate beat the analysts’ expectations, whereas NICE raised its steering for 2021.
Income was $494.4 million within the third quarter up 20% from the corresponding quarter, with cloud income up 29% to $262 million. GAAP web revenue for the third quarter was $47 million in contrast with $50.8 million within the previous quarter. Non-GAAP web revenue was $113 million, up 20.3% from the corresponding quarter. Earnings per share was $1.68, $0.10 above the analysts’ expectations.
NICE raised its steering and now sees 2021 annual income of $1.899-1.909 billion, up from $1.83-1.85 billion, with non-GAAP earnings per share of $6.43-6.53 per share, up from $6.26-6.46 per share.
NICE CEO Barak Eilam stated, “We’re happy to report one other quarter of accelerated prime line progress as whole income elevated 20% within the third quarter in comparison with the identical interval final 12 months. The wonderful outcomes throughout the board in Q3 mirror our management and the strategic, central position we play amid 4 key dynamics which are going down in our business – cloud, digital, AI and the shift to platforms.”
NICE Programs share value is up 8.94% in premarket buying and selling at $314.99, giving a market cap of $19.99 billion, enabling NICE to reclaim the title of Israel’s most useful firm.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 11, 2021.
© Copyright of Globes Writer Itonut (1983) Ltd., 2021.
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