Welcome to our dedicated page for Verint Sys news (Ticker: VRNT), a resource for investors and traders seeking the latest updates and insights on Verint Sys stock.
This page provides a dedicated feed of news and press releases related to Verint Systems Inc. (formerly NASDAQ: VRNT), historically known as Verint, The CX Automation Company. Verint’s announcements focus on its role in Customer Experience (CX) Automation, its AI-powered Verint Open Platform and its relationships with major enterprise customers, including more than 80 of the Fortune 100 companies.
Readers can use this news stream to follow how Verint positions its CX Automation capabilities, AI-powered bots and open platform in the market. Company press releases highlight topics such as customer awards for CX Automation outcomes, recognition from independent analysts and review platforms, workplace culture achievements and strategic partnerships that extend Verint’s reach in contact center and workforce management environments.
Typical news items include Verint’s recognition in buyers guides for APAC contact centre CX platforms with AI, TrustRadius Buyer’s Choice awards for Verint CX Automation and Verint WFM, and Great Place To Work certifications across multiple countries. Other releases cover events such as the Verint Engage conference and EMEA Inspire Awards, where organizations using Verint solutions are recognized for measurable AI business outcomes in areas like augmented workforce, AI and analytics, self-service, regulatory compliance and digital-first engagement.
This archive also captures material corporate developments, including Verint’s agreement to be acquired by Thoma Bravo and the subsequent merger in which Verint became a wholly owned subsidiary of Calabrio, Inc., leading to the delisting of VRNT from the Nasdaq Global Select Market. Investors and researchers can review these historical announcements to understand Verint’s strategic direction, CX Automation narrative and the context around its transition from a public company to part of a private, portfolio-backed group.
Verint highlights the significance of AI-driven technologies to enhance customer engagement in a post-pandemic world. A report shows that 82% of executives acknowledge growing challenges in managing customer interactions. Verint aims to address these issues with digital-first customer engagement solutions, promoting AI and cloud-based transformations. The report emphasizes the need for companies to synchronize communication across channels for better customer satisfaction. Upcoming webinars will discuss key insights and strategies for leveraging digital engagement.
Verint Systems (Nasdaq: VRNT) announced its participation in the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021. CEO Dan Bodner will engage in a virtual fireside chat at 8:35 AM ET, supported by one-on-one meetings with investors hosted by Alan Roden and Matthew Frankel. Verint assists major brands, including over 85 from the Fortune 100, in enhancing customer relationships through its advanced Customer Engagement portfolio, leveraging AI, analytics, and cloud architecture.
Verint (Nasdaq: VRNT) has entered a strategic partnership with Theta Lake to enhance compliance solutions for financial firms. This collaboration will automate risk monitoring and assessment across major unified communication platforms, including Microsoft Teams and Zoom. Financial institutions will benefit from improved efficiency, reduced costs, and better identification of compliance risks. Leveraging advanced technology, Verint aims to empower organizations to proactively manage communication risks and comply with regulations such as MiFID II and GDPR.
Verint (VRNT) reported strong Q3 results, with a 4% year-over-year revenue growth, totaling $225 million. Cloud revenue grew 32% year-over-year, while new perpetual license equivalent (PLE) bookings rose 14%. For FY 2022, Verint raises its cloud revenue guidance to 35-37% growth, with total revenue projected at $875 million. For FY 2023, it introduces guidance for 7% revenue growth, totaling $935 million. The diluted EPS is also adjusted to $2.49, reflecting an 11% increase year-over-year. Verint's positive momentum follows its recent spin-off from its security business.
Verint (NASDAQ: VRNT) has launched its Customer Engagement Cloud Platform in India, aiming to support organizations in their digital transformation journeys. This platform addresses the growing demand for BPO services and leverages India's skilled workforce. Ady Meretz, Verint's Asia Pacific president, emphasized the company's commitment to enhancing customer and employee experiences through cloud-based solutions. With a 43.6% market share in India, Verint's platform is designed to scale across diverse industries, employing advanced AI to foster customer relationships.
Verint (NASDAQ: VRNT), known as The Customer Engagement Company, announced various online events throughout December that focus on leveraging emerging technologies to enhance customer and employee engagement. Key events include discussions with industry leaders such as Paul Greenberg and technology strategies to optimize consumer experiences. These initiatives align with Verint's commitment to addressing the challenges posed by increased digital channel usage and aim to improve customer relationships through innovative solutions.
Verint Systems Inc. (NASDAQ: VRNT) will host a conference call on December 2, 2021, at 4:30 p.m. ET, to review its third-quarter financial results for the period ending October 31, 2021. An earnings press release will be available post-market close on the same day. Interested parties can access the call via telephone or a real-time webcast. Verint supports over 85 of the Fortune 100 in enhancing customer relationships through innovative AI and analytics solutions.
Verint (NASDAQ: VRNT) announced enhancements to its Cloud Platform, including a new AI-driven Real-time Agent Assist feature and a transcription engine utilizing advanced Deep Neural Network models. These upgrades aim to improve customer-agent interactions by providing sentiment analysis, work assist functionality, and comprehensive engagement data management. With these capabilities, Verint empowers agents to respond empathetically, ultimately boosting customer satisfaction and operational efficiency.
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