Verint Systems Inc. recently released its 10-Q report, providing an insight into the company's financial performance and operations. Verint is a leading provider of customer engagement solutions globally, offering the Verint Open Platform and AI-powered bots to enhance customer experience automation across various touchpoints. The company serves industries such as financial services, healthcare, utilities, and technology, as well as government, large enterprises, and SMB organizations.
In the 10-Q report, Verint highlighted its key performance metric * Subscription Annual Recurring Revenue (ARR). For the three months ended April 30, 2025, approximately 85% of the company's revenue came from its subscription business, with a 6% increase in Subscription ARR from $668,140,000 in 2024 to $709,992,000 in 2025.
The report also discussed the impact of macroeconomic developments on Verint's operations, citing factors such as recession risks, changes in government spending, global tariff policies, and geopolitical conditions as potential influencers on the company's financial results.
Verint's 10-Q report delved into critical accounting policies and estimates, emphasizing significant accounting practices such as revenue recognition, accounting for business combinations, goodwill and other acquired intangible assets, income taxes, and stock-based compensation.
In terms of financial results, the company reported a decrease in revenue from $221.3 million in the three months ended April 30, 2024, to $208.1 million in the same period of 2025. Operating income also declined from $24.4 million to $5.1 million during the same period, primarily due to a decrease in gross profit and an increase in operating expenses. Net loss attributable to Verint Systems Inc. common shares was $2.4 million in the three months ended April 30, 2025, compared to net income of $10.0 million in the same period of 2024.
Following these announcements, the company's shares moved 2.3%, and are now trading at a price of $18.22. For more information, read the company's full 10-Q submission here.