NICE reports strong Q4 2018 results

Israeli enterprise solutions software company NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) has reported strong results for the four quarter of 2018.

Fourth quarter 2018 total revenue was up 4.7% to $410.8 million compared with $392.2 million for the fourth quarter of 2017. Full year 2018 revenue was up 8.4% to $1.4445 billion compared with $1.332.2 billion in 2017.

Fourth quarter 2018 non-GAAP net profit and non-GAAP net profit margin increased to $93.9 million and 22.4%, respectively, from $84.5 million and 21.3%, respectively, for the fourth quarter of 2017. 2018 non-GAAP net profit and non-GAAP net profit margin increased to $296.7 million and 20.3%, respectively, from $254.5 million and 18.9%, respectively, in 2017.

Both revenue and non-GAAP profit beat the analysts' estimates.

First quarter 2019 non-GAAP revenue is expected to be in a range of $370 million to $380 million (2018 non-GAAP: $337.6 million). First quarter 2019 non-GAAP fully diluted earnings per share are expected to be in a range of $1.05 to $1.15 (2018 non-GAAP: $0.97).

Full year 2019 non-GAAP revenue is expected to be in a range of $1.558 billion to $1.582 billion (2018 non-GAAP: $1.453.4 billion). Full year 2019 non-GAAP fully diluted earnings per share are expected to be in a range of $5.08 to $5.28 (2018 non-GAAP: $4.75).

NICE CEO Barak Eilam said, “We are pleased to end the year on a high note as 2018 was a year marked by robust growth and record results. For the full-year 2018, we reported strong growth in cloud revenue and operating income, an increase in recurring revenue, further growth in the operating margin and a record year for cash flow generation.”

He added, “We are stepping into 2019 with great momentum across all of our businesses fueled by our two market differentiating platforms - CXone for Customer Engagement and X-Sight for Financial Crime and Compliance. Our assets, investments and market leadership in cloud, analytics and artificial intelligence are driving us forward and providing tremendous future opportunities.

Published by Globes, Israel business news - en.globes.co.il - on February 14, 2019