Verint's Q3 FYE 2025: Strong Performance Driven by CX Automation
Wednesday, Dec 4, 2024 4:15 pm ET
1min read Verint Systems Inc., a leading provider of customer engagement and cyber intelligence solutions, recently announced its Q3 FYE 2025 results, showcasing a robust performance driven by its CX Automation Platform and AI momentum. The company's revenue grew 3% year-over-year (YoY) to $224 million, with bundled SaaS revenue surging 19% YoY and SaaS ARR increasing by 11%.
The strong performance can be attributed to several factors, including early renewal revenue that overachieved Q3 guidance, new SaaS ACV bookings for new deals increasing by 37% YoY, and a gross margin improvement of ~70bps YoY. Verint's EBITDA and free cash flow also grew, reaching $292.2 million and $205.4 million, respectively, up 6.86% and 10.38% YoY. These figures reflect the success of the company's CX Automation Platform and its value proposition to customers.
The company's strategic partnerships, such as the one with RingCentral, have also played a significant role in its success. These collaborations enable Verint to expand its reach and offer AI-powered workforce engagement management and CX automation to a broader customer base, driving revenue growth and customer adoption.
Verint's financial performance in Q3 FYE 2025 underscores the value of its CX Automation Platform and its potential for continued growth. As the market for customer engagement solutions continues to evolve, Verint's focus on AI and automation positions it well to capitalize on emerging opportunities. Investors should pay close attention to Verint's progress as it continues to innovate and adapt in a dynamic market landscape.
In conclusion, Verint's Q3 FYE 2025 results demonstrate the success of its CX Automation Platform and its strategic partnerships. With strong financial performance and a focus on innovation, Verint is well-positioned to capitalize on the growing demand for customer engagement solutions and drive long-term growth. As the market continues to evolve, investors should monitor Verint's progress and consider the potential opportunities it offers.
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