NICE Reports Strong Revenue And EPS Growth For The Third Quarter 2016

NICE (NASDAQ:NICE) today announced results for the third quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights
GAAP     Non-GAAP
Revenue growth of 7% year-over-year     Revenue growth of 9% year-over-year
Gross margin of 67.1% compared to 66.3% last year     Gross margin of 72.2% compared to 69.8% last year
Operating profit of $36 million, down 5% year-over-year     Operating profit of $64 million, up 15% year-over-year
Operating margin of 15.2% compared to 17.1% last year     Operating margin of 26.7% compared to 25.2% last year
Diluted EPS from continuing operations of $0.53 versus $0.48 last year, 10% growth     Diluted EPS from continuing operations of $0.83 versus $0.75 last year, 11% growth

"We are pleased to report another quarter of solid growth and profitability," said Barak Eilam, CEO of NICE. "Excluding the impact of currency exchange rates, we delivered our second consecutive quarter of double digit revenue growth, as well as, another quarter of double digit EPS growth."

Mr. Eilam continued, "The customer service market is evolving due to the need for more sophisticated analytics, the rapid transition to omni-channel and Cloud. The strategic steps that we have taken including our technology and portfolio innovation, Nexidia analytics and the acquisition of inContact, a leader in omni-channel cloud, have positioned us well to capitalize on the significant market opportunities.

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