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 Systems (NASDAQ: VRNT) announced plans to offer $250 million in convertible senior notes due 2026, potentially increasing to $287.5 million. The offering, aimed at qualified institutional buyers, aims to reduce outstanding debt, repurchase 1.6 million shares, and fund working capital. Verint will engage in capped call transactions to mitigate potential dilution from stock conversion. The final pricing and interest terms will be determined at offering time, with no guarantee of completion. These moves may impact stock performance and shareholder value.
Verint Systems Inc. (NASDAQ: VRNT) announced the anticipated closing of the second tranche under its investment agreement with Apax Partners on April 6, 2021. The conversion price is set at $50.25, leading to Apax holding securities convertible into approximately 12.5% of Verint’s shares. This follows an earlier agreement established in December 2019. Verint continues to enhance customer engagement through advanced AI and analytics, serving a vast clientele including over 85 Fortune 100 companies.
Verint (Nasdaq: VRNT) reported its fourth quarter and full-year financial results for the period ending January 31, 2021. The announcement includes key financial data from its Cyber Intelligence segment, which is now part of Cognyte (Nasdaq: CGNT). Verint's accounting policies may result in slight differences in the financial results that Cognyte will report in April. The company will hold a conference call later to discuss these results and its future outlook.
Verint (Nasdaq: VRNT) reported financial results for the fiscal year ended January 31, 2021. Revenue for Q4 was $349 million (GAAP) and $351 million (non-GAAP), with a net loss per share of $0.34 (GAAP) and diluted EPS of $0.98 (non-GAAP). For the year, revenues totaled $1,274 million (GAAP) and $1,288 million (non-GAAP), with a net loss per share of $0.23 (GAAP) and diluted EPS of $3.60 (non-GAAP). The company completed a spin-off of its Cyber Intelligence business, boosting its focus on customer engagement. A new stock repurchase program was announced, and 2022 revenue guidance is set at $860 million.
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Verint (Nasdaq: VRNT) has achieved perfect scores in nine of 11 vendor satisfaction categories, including a 5.0 in 'Overall Vendor Satisfaction' for the third consecutive year, according to DMG Consulting's 2021/2022 Workforce Management report. Verint led customer satisfaction ratings in integration, training, and five product capabilities. The report highlights the effectiveness of Verint's solutions in helping contact centers manage productivity tools during disruptive times, emphasizing their AI-infused automation and user-friendly design.
Verint Systems Inc (NASDAQ: VRNT) will conduct a conference call on March 31, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for the year ended January 31, 2021. An earnings press release will be issued post-market closure on the same day. This call will be accessible via live webcast on Verint's Investor Relations page and through telephone. The company's focus on enhancing customer engagement through AI and analytics is highlighted, as it serves over 85 of the Fortune 100 companies.
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Verint (NASDAQ: VRNT) has launched two webinar series focused on future work trends and the recent Verint Experience Index (VXI) retail report results. The webinars include a three-part series on building enduring customer relationships amidst evolving consumer demands, commencing on March 11. Key discussions will cover workforce trends, customer purchase behaviors during the pandemic, and retail communication strategies. Verint's findings reveal significant changes in consumer behavior, such as the popularity of curbside pickup, indicating a shift in retail dynamics.
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