Israeli technology company Nice Systems Ltd. (Nasdak: Cute – Good;; level:Cute – GoodHe overcame analysts in the financial results in the fourth quarter published today. But the market was disappointed by the company's 2025 directives, and the share price decreased by 16 % on the Nasdaq Stock Exchange, which gave the maximum market $ 9.4 billion.
NICE provides risk management solutions and customer relationship management. The fourth quarter was the last in the era of former CEO Barack Elam, who resigned 10 years after him, and was replaced by Scott Russell. Nice mentioned revenues of $ 722 million in the fourth quarter of 2024, an increase of 16 % over the opposite quarter. The GAAP net profit in the fourth quarter amounted to $ 99.5 million, an increase of 21.9 % over the corresponding quarter and net GAAP 196 million dollars, or $ 3.02 stock profits, higher than the expectations of analysts of $ 2.95 per share.
In the entire year 2024, the company's revenues amounted to $ 2.74 billion, an increase of 15 % over 2023, the GAAP profit reached $ 443 million, an increase of 30.8 %, a net profit other than the principles of accounting generally accepted 728 million dollars.
The company's 2025 guidelines were less than market expectations. NICE sees 693-703 million dollars in the first quarter of 2025, an increase of 6 % of the corresponding quarter of 2024, with inappropriate profits per share of 2.78-2.88-3.8 % less profit.
Complete year 2025 expectations compared to 2.918-2.938 billion revenues and profits other than the principles of accounting generally accepted per share from 12.13-12.33 dollars. Analysts consensus reached $ 3 billion in revenues and profits per share 12.32 dollars.
The CEO provides an optimistic message
We are happy to report a strong end until 2024 in the fourth quarter of exceptional with a double -numbers growth in total revenues, cloud revenues and the acceleration of more pioneering profitability in this field. On an annual basis in the revenue of the cloud, which amounted to two billion dollars. Our leadership in CX AI through the strong adoption of advanced artificial intelligence solutions that were included in 97 % of MPWer deals for the large institution that exceeds one million dollars. %. 48 % on an annual basis to 833 million dollars, it puts us with a great competitive advantage to push organic and non -organic expansion.
He continued, “Amnesty International is taking a revolution in the CX industry, and CXONE MPOWER Agency AI opens new levels of growth by providing more efficiency and exceptional customer experiences. I have joined its unique leadership and its unique ability to seize this opportunity to grow. Put our leading platforms In the industry in the foreground and the center, we will lead the CX-E revolution and we will expand the scope through Expanding our ecosystem. The leading artificial intelligence platform in industry, unavoidable innovation, and great financial strength, puts us strongly to take advantage of the upcoming opportunities and accelerate the future.
It was published by Globes, Israel Business News – En.globes.co.il – on February 20, 2025.
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