Israeli enterprise software program options firm NICE Techniques Ltd. (Nasdaq: NICE; TASE:NICE) had a powerful third quarter boosted by continued development in cloud actions. The monetary outcomes printed right now 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 internet revenue for the third quarter was $47 million in contrast with $50.8 million within the previous quarter. Non-GAAP internet 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 development as whole income elevated 20% within the third quarter in comparison with the identical interval final yr. The superb outcomes throughout the board in Q3 replicate our management and the strategic, central function we play amid 4 key dynamics which can be happening in our trade – cloud, digital, AI and the shift to platforms.”
NICE Techniques 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 beneficial firm.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 11, 2021.
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