{"id":20076,"date":"2023-06-08T14:26:23","date_gmt":"2023-06-08T18:26:23","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/verint-systems-1q-loss-narrows\/"},"modified":"2023-06-08T14:26:24","modified_gmt":"2023-06-08T18:26:24","slug":"verint-systems-1q-loss-narrows","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=20076","title":{"rendered":"Verint Systems 1Q Loss Narrows"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230607-708300\" role=\"document\">\n<p>By Sabela Ojea<\/p>\n<pre><\/pre>\n<p>Verint Systems on Wednesday reported a narrower loss in the latest quarter, driven by lower costs.<\/p>\n<p>The software company posted a net loss attributable to common shares for the fiscal first quarter ended April 30 of $1.91 million, or 3 cents a share, compared with a loss of $4.9 million, or 8 cents a share, for the year-earlier period.<\/p>\n<div class=\"paywall\">\n<p>Stripping out one-time items, the company&#8217;s earnings per share came in at 53 cents, beating analysts expectations of 47 cents, according to FactSet.<\/p>\n<p>Revenue fell 0.6%, to $216.6 million. Analysts polled by FactSet had forecast revenue of $216.1 million.<\/p>\n<p>&#8220;The planned completion of our software-as-a-service transition next year is expected to benefit our financial model including accelerated revenue growth, higher gross margins, and incremental cash generation,&#8221; Chief Executive Dan Bodner said.<\/p>\n<pre><\/pre>\n<p>Write to Sabela Ojea at sabela.ojea@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/verint-systems-1q-loss-narrows-37779d60?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sabela Ojea Verint Systems on Wednesday reported a narrower loss in the latest quarter, driven by lower costs. The software company posted a net loss attributable to common shares for the fiscal first quarter ended April 30 of $1.91 million, or 3 cents a share, compared with a loss of $4.9 million, or 8 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-20076","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Verint Systems 1Q Loss Narrows | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Sabela Ojea Verint Systems on Wednesday reported a narrower loss in the latest quarter, driven by lower costs. 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