After the bell, shares climbed 5.9% to $49.68.
In the three months to January, the analytics tech provider reported adjusted income of 91 cents a share, 7 cents higher than analyst averages compiled by Thomson Reuters.
Revenue of $255.74 million was 11.1% higher year over year and exceeded expectations by $1.76 million.
For its year ending January 2015, management guides for earnings between $3.20 and $3.40 a share and revenue in the range of $1.08 billion to $1.13 billion. Analysts had forecast earnings of $3.16 a share and sales of $1.09 billion.
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TheStreet Ratings team rates VERINT SYSTEMS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERINT SYSTEMS INC (VRNT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
- You can view the full analysis from the report here: VRNT Ratings Report