Data capture and analysis solutions developer NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) predicts a strong second half, after reporting single-digit revenue and profit growth for the second quarter of 2013. Revenue rose 4% to $225.2 million for the second quarter from $216.7 million for the corresponding quarter.
GAAP-based net profit rose to $17million ($0.27 per share) for the second quarter from $11.2 million for the corresponding quarter, and non-GAAP net profit rose $37.5 million ($0.61 per share) from 35.7 million. The results were slightly below the analysts' consensus.
In the guidance for the third quarter, NICE forecasts non-GAAP earnings per share of $0.56-0.66 on $225-240 million. The analysts' consensus is earnings per share of $0.66 on $240.3 million revenue.
The full-year guidance forecasts earnings per share of $2.55-2.65 on $940-970 million revenue. The analysts' consensus is earnings per share of $2.61 on $952 million revenue.
Cash flow from operations was $35 million in the second quarter, and the company spent $15.3 million to buy back shares. It had $503 million in cash and cash equivalents, and no debt, at the end of June.
"We reported solid results for the second quarter, which was marked by strong new bookings growth in our analytic-based advanced applications. As a result, we believe we are well positioned for a strong second half of the year," NICE president and CEO Zeevi Bregman. "The bookings growth of our advanced application is the result of the increasing demand from our customers to operationalize Big Data to help them ensure compliance, enhance operational efficiency, increase revenues, improve the customer experience and safeguard people and assets."
In a separate statement, NICE announced the acquisition of California-based real-time big data analytics developer Causata Ltd. and will integrate the start-up's solutions with the NICE's Customer Engagement Analytics platform. NICE did not disclose the terms of the deal.
Published by Globes [online], Israel business news - www.globes-online.com - on August 7, 2013
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