VRNT - Earnings call transcript Q2 2023

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Operator

Hi. Welcome to the Verint Fiscal Year 2023 Second Quarter Conference Call. [Operator Instructions] As a reminder, today’s conference call is being recorded. I will now like to turn the call over to your host, Mr. Matthew Frankel, Investor Relations and Corporate Development Director. ahead. go Please

Matthew Frankel

Chief Good conference operator. Verint's thank for Roden, you Doug Thank today. afternoon, I'm our Verint's Alan and call Verint's Bodner, Development here joining Officer. Robinson, you, CFO; and Corporate with CEO; Dan

to started, our call that getting a Before mention presentation. is slide accompanying like I'd today

I draw Reform These expressed then except based call. Litigation IR are webcast results discussed your federal to statements those from not these the implied forward-looking statements. statements of of the as this cautioned the or them. to website forward-looking these meaning are are contain The would our at call forward-looking and management's the the and of Securities click on of this could Private Act future guarantees If reliance by forward-looking statements. laws. no undue view matters performance. required to Actual real-time by on these in current conference certain of attention call, of put the also of like date revise slides the you'd within Investors statements there like the call, XXXX section and materially expectations update during not Relations forward-looking securities are to as fact and obligation click tab on law, select made may assumes today's or as differ on and provisions Investor in that link other to please on visit the verint.com,

we forward-looking for January the XX-Q measures. XXXX; actual be how our year those website materially ended our results and reconciliation GAAP a information comparing section our at Non-GAAP those should measures earnings for our to uncertainties Please more risks it XX, cause discussion of meaningful indicated operating peer and investors provides today because is see Relations measures statements, financial Verint's for superior verint.com in today's XX, The financial results but a financial and when substitute and information financial business ended non-GAAP non-GAAP isolation purposes. and measures between we Form see discussed may from, July from comparative periods filings of included fiscal to uses not believes a XX-K release our in from among slide limitations other differ the as by results Form financial for and please the or detailed our the our with measures For on measures in include other these in non-GAAP considered management those XXXX, investors used SEC. other for presentation, when have make the GAAP regarding these as information, to informational could of believe The filed, quarter focus supplemental is differ useful companies. assessing and to company Investor companies.

call Now to turn to Dan? I'd like Dan. the over

Dan Bodner

wins. solutions Platform budget. momentum cloud workforce-related continued do more to Changing With is challenges. to retention brands to limited deploy able another QX, you, customer a workforce significant capacity I'm close experienced workforce for the and customer driven for we Cloud gap. it want capacity looking across that while report Thank pleased engagement to to strong their mix, bookings, differentiated, legislation, and managing cloud deliver and KPIs EPS in make strong to with momentum key other urgent with platform, dynamics our brands workforce be cloud across more AI-driven increase by Verint experience quarter many especially and with revenue help resources organizations Matt. world-class

unique discuss the fluctuations bottom a But not impacted. will in that bottom how results helps line by the the position metrics time, line U.S. a at growth currency Later, our line. of were natural top impact neutralize we the dollar appreciation. Our on Verint with hedge were same is impacted

FX impact around QX year-over-year look reflecting and In HX, appreciate million percentage a closer earnings dollar on basis. at growth X revenue GAAP currency a Since currency the at points. revenue and the revenue on QX, our a a basis. and And take and HX a QX Let's our constant revenue On on $XXX $XXX has HX came results. non-GAAP basis last $XXX our million for X% million, constant in continued non-GAAP call, increased in basis, on X% been came to at growth.

with revenue which the on at expectations basis. growth, Looking for year, constant X% on a for full our track our half first also currency the is growth we full around with are pleased year,

currencies. bottom a As a in foreign results with And of time, line reminder, changes discuss uniquely results reduction. non-GAAP diluted given through at revenue in same our are we impact came our of plan and because natural of natural the a reduces impact in ahead we in about fact U.S. the guidance FX to our non-U.S. generated had expectations. of and dollar revenue the that $X.XX, our the constant on hedge. minimal expenses, our guidance. basis X/X significant This is foreign the our FX In positioned end hedge rates, bottom results is of FX currency due currencies. dollar are This about glad to the year. I'm a Therefore, EPS expenses minimal At that reported the largely to our to offsetting the in the on XX% line QX, appreciation report

our For half the to plan to growth of second we targets. year, the support hiring continue

EPS to guidance. prior continue we year, $X.XX, our of full expect from unchanged diluted the For

existing new growth. QX, from many significant we had customers. wins to and booking In Turning

currency XX% reported for basis, on and XX% a New with target constant growth in increased PLE a on basis year. the bookings XX% XX% of line our to

cloud received Citigroup. auto large industry orders closer world, Ford; These logistics enterprise some financial of million a included excess customers orders to at such institution, some provider, the as more cloud in as global Let's FedEx; TCV global cloud brands QX leader, $X insurance We look in shifting the AXA; of the leader, take KPIs. and XX cloud. large leading continue notable

customers. continue insurance win And to new Oscar added XXX we more than many we logos, QX, Selco. provider, provider, addition, In telecom Health; including and new in

metric bookings from was mix XX% booking strong XX% PLE SaaS QX of our new coming to compared only in year. Another our with of QX last in

full our continue. shift to For we the year, expect SaaS to

constant HX, maintaining guidance constant and of increased cloud GAAP Turning basis. to our currency revenue XX%, currency XX% a QX, revenue are And a a basis. in XX% to constant non-GAAP annual line XX% In our cloud revenue. XX% increased on basis In we cloud with on currency plan. on

reminder, and managed optional includes SaaS revenue As both services. our cloud a

strong across to geographies see continue industries We customers. and and existing SaaS adoption and across new

year-over-year. XX% to customers. managed first grow services we growth period not And provide the optionally the half like services. not as was which do are low-margin they did of I'd During in to our very strong, SaaS the revenue we mention people-driven target our year, Optional increasing managed services, that in

ago. across last to our base Our base cloud this revenue customer And perpetual non-GAAP our from up the continues XX% customers. year year, revenue cloud total XX% metric expect with continues is new support momentum years cloud. transition This to recurring to as we and XX% of about two existing and significantly our represent

that very cloud to the when accelerated customers have transition and next flexibility. a cloud the also our but half and moved to platform with cloud pleased few process We Our innovation customers years. we maximum the as believe more customers I'm the for first in The ready a only are year. value offer strategy to transition not are in many time not customer of cloud drives transition to a been for cloud the to value strong to yet momentum Overall, in of the the Verint has cloud. over who faster help hybrid planning the they offer

three I Now of let's to look take QX wins like QX. in closer at cloud competitive wins. a would the highlight some

$X first this and a the Verint Cloud leading transportation AI for order we to and expanding due strong large won Vinci million Verint order ROI the company, for and another vendor the openness Verint differentiation, functionality replacing offer Da we We believe The platform with our breadth. Platform. was

third This to manage Verint The platform's vendor selected We workforce. second offer and due for interactions And our this reasons replaced the Verint and $X million the Da and for as Vinci were care Cloud AI in the them win quality improve were customer a partner. insights we Verint believe company $X knowledge digital-based and the Platform the generate reputation selected opportunity. and customer Platform enterprise care the believe its long-term the the differentiation, insurance the legacy won a key ROI industry. to fast-growing, a AI to experience. health Vinci was for Da This order for we We selected Cloud industry. trusted in Verint of its differentiation for customer million help was scalability, customer we health strong why

would an innovation. which I Turning like provide initiative, June. our One we during in Investor our to Day reviewed Workforce update to on

many the many to workforce help each a and created As with world-class and experiences. with and transformation is organizational and bots of Workforce to drive those to same do resources Digital communication are close the silos, discussed, gap under and more pressure engagement capacity brands silo has to budget. workforce workforce create customer designed a working unified which customer poor channel, brands One together inefficiencies. eliminate to leads experience people silos dedicated

people we launched and channel automation across a digital channels. our and that of initiative, As bots part offering orchestrates One social new Workforce

as channels. capacity channel flexibility With dynamically become than is allocated automation across the across have demand. that, offering, on a More channels consumers workforce can seamlessly more switch the agent new to real-time unified efficient based

decides modeling One the will preserved in started initiative will platform. the terminate Vinci all Verint could The One our our later specific at to core need is developed to chat on for the and which over. of example, history Verint Workforce we via powered and to differentiated For be it based customer delivers social of their an highly decades AI they customers. interactions learning to of Verint makes terms engagement Workforce customer prior of start the reengage Vinci data. is Da AI, customer our channel if they Da channel, not by that Da interaction Verint the offer machine Vinci real Verint ROI via

a leader category, recognition Vinci-driven In platform. rank IDC's Verint scape. market the We received Verint in in respected in right the self-service More industry assessments self-service have the highly gap DMG scores AI-enabled our Da quadrant is helping vendor as back our their our driving innovation. platform that recently, Verint AI first conversational of report with strong AI and In worldwide top for conversational momentum that half are its the to enterprise pleased category, X looking satisfaction summary, categories. on close focus product strong including AI the capacity top overall satisfaction received market-leading noted in of out a believe on in I categories, the perfect X customer vendor results, multiple satisfaction engagement customers to our

more will turning After call for would to plan CFO. Grant in financial a experience will has at time. leading I become Doug down stepping that And XX to operations. He ago over XX a seven CFO as years during Doug, Verint's like CFO Highlander Grant Verint, Before be QX. our years the played of transformation. than and new cloud at discuss role succession Verint years in our has joined

more very for developing And who and advisory to as let successor. Doug's over after in now continue the complete on in provide me a as Grant me Doug, his expertise and turn are Doug? to We an results well guidance. report will it transition. Doug our grateful to we efforts role details will stewardship as

Douglas Robinson

Verint Grant's fortunate continue as look Grant have surrounding following Good appreciate caliber the to years. forward We've and have I team strong company you team the as to and got succeed kind well enjoyed your to the with advisory take in Thanks, my someone very at transitioned organization, words, Dan, feel we've over in a forward. the financial Yes. with the much team and strong afternoon, grown to I place working Verint, the I and working capacity everyone. as with Dan. me date. time to I transition and

let begin the with Now call. me QX

between financial reconciliation earnings our financial non-GAAP A release adjustments from compensation certain expenses, amount well expenses, certain our available, measures. mentioned, financial expenses, as value in GAAP revenue to website. between period. measures acquisition-related stock-based Differences IR Certain frequency vary section and includes intangibles, of acquisitions, non-GAAP non-GAAP and fair in as rates. Matt related related include the our will period acquisition-related separation-related today also it that include measures discussion and of can significantly items including costs adjustments other our Our is lease amortization GAAP adjustments, as to accelerated and to exchange foreign in other metrics,

significant be basis X% understand diluted discussing constant EPS non-GAAP $X.XX, QX, today the to constant EPS of currency In on given year-over-year mentioned, business our in revenue appreciation of results came I will Dan the a our As year, performance. better this guidance. currency and U.S. a dollar on certain ahead at basis increased

non-GAAP HX, on meet $X.XX. growth at revenue QX For in currency came I for targets currency to both EPS. results, with year-over-year are our constant for basis a constant our EPS revenue we and first and increased X% basis annual half on positioned We're diluted and and well a pleased believe

revenue me foreign our is in Australian euros foreign transacted give half, our exchange first exposure was currencies. you British foreign dollar. a exchange our In bit Let in the detail the on exposure movement. around of more and Most of pounds, to XX% the

currencies. and of cost foreign On the about operating denominated side, expenses expense our are of in third a revenue

in expect a mix similar second half. We the

of these whether to against it natural hedge revenue expenses helps major the a on dollar the other our depreciates Our dollar appreciates as mitigate regardless of U.S. and earnings currencies. impact creates mix or FX the

our first basis, to cloud increased on Turning currency with year, XX% constant outlook our line the year. cloud in the came metrics. our in cloud across HX, for the year-over-year strong In In revenue half board. of KPIs a the

a New PLE year-over-year constant basis. bookings on increased XX% currency

in January Today, basis. came of recurring of Our XXXX. dollar are strengthening XX% revenue rate on HX, meaningfully of guidance ending the the we that guidance business last first software for XX% continues while current of In compared revenue towards half year. PLE shift from prior the our I'd same mix percentage bookings year now currency X% new of the guidance discuss SaaS. to SaaS our our in adjusting XX, reflect revenue to to to And came like XX%. maintaining was a at growth constant a the

corresponds our impact revenue on maintaining a most $XXX guidance currency X% the key is of FX guidance basis In our guidance constant a recent currency On new million, original we're other minus which on words, a to at metrics. basis, plus million, look or our on constant $XXX Let's three growth FX of reported basis. X%, for adjusted recent rates. our

reflecting midpoint of currency at revenue guidance. diluted constant expect we of year-over-year on growth basis. We growth revenue EPS of to on XX% million translates basis, of of XX% cloud cloud a a the This midpoint expect our at $XXX reporting And to revenue $X.XX, XX% guidance. the our

Now full purposes to and for with some some modeling for operating Relative margin to provide we year. for let additional you me margins, the information the see expect year. margin modest gross expansion

to expect We from nonrecurring excluding items. a in million cash bit above $XXX year, operations the come for

discuss the let's below line assumptions. them Now

of For year, the million remainder interest around and expect the per quarter expense. $X.X we of other

in quarter $XXX,XXX joint of interest net income a small venture. the We per from have we expect non-controlling about

our increase in increase and and in a More with half strong QX $X and specifically, a million followed expect second in we're the million a like longer-term a of We to increase to approximate fully $X.XX well an see we would around this trend effect last and million for QX, I program. expect rate modest for diluted results positioned year, of to tax QX reflecting for strong we year XX% also We revenue buyback the are and summary, sequential expect shares, each QX, half a $XX $X.XX to In similar year quarter cash pleased for diluted increase sequential by the sequential quarterly growth. in with stock flat our with and prior EPS. in $X in And first the modeling years of purposes. discuss year sequential QX. the year.

on X% basis. revenue currency year this our constant a expect accelerate to growth We to

around our year, revenue on of a currency growth Looking in billion. to reporting at basis. basis $X constant to accelerate a we expect revenue next around again on next X% and little over a XX% year results This

We expect continue and expand our to margins EPS targeting growth. diluted double-digit gradually to are

our open of well Vinci Verint and differentiation let's With openness breadth, questions. us for line the believe up growth. we importantly, the that, for positions long-term platform More and the flexibility AI cloud Da operator,

Operator

of from Eyal comes Our Cowen. Shaul Instructions] first [Operator question

Shaul Eyal

solutions to first a over existing end, by congratulations Grant with want being I on pleasure those working can are client difference and so promotion. years. by my Dan, First, is about question products logos you being customers. on Doug, that Any your been between acquired my the modules the versus you that progressed it's the convey in many either new that are talk about? outstanding to category

Dan Bodner

Yes.

product a that don't I much platform. across we see think difference. I demand from So It's perspective, the -- see

logos, see SaaS think we are I deals. new the clearly, logos almost new substantially all that with

customers still in of we a converting to While know, as you of process have SaaS. are the base large that

So be But start deals. hybrid it's area. of Workforce cloud current new a with when But SaaS from gets new already platform. of But they the land Because it's say that's It's solution, that mix a on-prem an I inefficiency. many a One that obviously, silos. source the clearly they would lots lot customers, attention of of an will one of is not sometimes And we the and base. environment, and that area logos solutions. the silos have organizations realize that is from

of looking that labor They're with create and the trillion So to industry the trying with is cost. to One and wage in for on capacity resources same capacity because, And talked them fast the now more solution help about gap more a the spending create close more ROI. and people manage pretty obviously Workforce workforce and a $X they're to a that's inflation, looking problem. with even to more We capacity efficiency.

for fast looking and I ROI. time think ROI customers just today for looking to are short-term they're but value not

think booking we a for help for currency strong that the lot over manage on growth. and had that's is can this it we And I over think We interest, a introducing what's labor is achieved demand I And software great more momentum QX. expense of them bigger area automation. achieved that constant behind clearly of basis, an what's revenue. a our think which double-digit of I driving automation So EPS. expense is by the On

Shaul Eyal

any Understood. Are scrutiny And transactions? relates as maybe as it additional sales elongated specifically to any my large you seeing cycles? follow-up,

Dan Bodner

experience think, No, XX% we and companies basis we currency in cycles. elongating that any on -- because -- see $XXX closely QX constant sales again, million obviously, booking suggests from we they not I PLE And plan. very actually growth growth heard other we achieved trend results, were this did watching our of a did first, new the that actually

overall, was out. deals Look, came that there there But there So that anecdotally, trend. in than we some were some are no earlier were also expected. deals pushed

being this And some from any some of difficult just labor the because It's remotely. a is we increasing got deal of have getting eventually this to with is I hire their managing And started inflation. to sales wage difficult shrunk. also not demand we address evidence deals where being and -- there to bigger think see speculate and are costs, I is hybrid able train that from people people, anecdotal. quarter benefits that and environment still current workforce the the don't think better working their gap customers I retain was the in But than capacity environment which cycles allocated. people, people, our

that and where nicely demonstrate very comes And in quickly. help Verint pain. that's reduce for looking tools very can So think I that to ROI

Operator

& of Ryan from MacDonald next Company. Our comes Needham question

Ryan MacDonald

versus Thanks my best of we obviously, rate Doug, I'll is what's the of sharp X.X%. And SaaS Thanks. ACV for talk sort echo Dan, saw of growth out much impact And parse growth? that, start, within to business? any, sort And there? to new about a just luck. going maybe something that on my FX fundamental if you in can deceleration But congrats question. down And how taking for of

Dan Bodner

to No, growth lumpy. about to I to ACV. this expecting, SaaS XX% metric think similar new year, be Yes. are always in that last is we XX% going And

Ryan MacDonald

I that then guess, Okay. of And still. growth off quarter out XX% nothing so in the anomalous, to came XX% that? But

Dan Bodner

will in this be QX think be unexpected it's lumpy. expect metric. I No, not to strong But that we it

Douglas Robinson

in tough Let me was last a folks QX remind that year compare.

year this So just you growth. bit little we at rate, look expect growth if at We're good that's the looking quarter an a when of full anomaly.

Ryan MacDonald

year And are working to pipeline they That's the environment, helpful shifting than sort model and and a changing the in pricing. it. preference subscription then seeing you color. pricing you've maybe I versus to I'm consumption? not at consumption-based side any the Curious over the of -- visibility so curious been if current that's in prefer from customers to in addition last shift appreciate in integrating whether subscription-based all. And more in subscription? year the of or versus consumption the on like half

Dan Bodner

Yes.

only model lot number know, there of is But pricing the model. our users. based on industry a this decades, you of So interest was in in as for the

automation of now provide consumption they it's they we pricing more to the model -- buying more can they of automation, choose obviously, because still think customers customers the the solutions advantage They can number So the users. they consumption consume fewer But want really consume, people options. based. obvious model need. about you the with they because And when the also choose

in over total And time. cost assess we still the today, on impact to of the So with consumption-based see environment pricing. ownership they that customers want experimenting this are what

time, will we larger could And a early automation they consumption-based the a the small still all consume this pricing still and customers ROI. test it But our be are So we consumption way to believe offset because a much but in the with win-win that relatively that not is of motivate cost model over part the very revenue. stage. of going more

Operator

next Our comes from Samana Jefferies. question Samad of

Mason Marion

on the luck life. stage Mason is and best on next Samad. for Doug, wishes This Marion of good

Are to trends behavior? understand changes other can software slightly commentary quarter a the you throughout bookings you So customer seeing In the I'm what the of seeing question different some to of from a light and us help angle. companies, today? macro kind ask you're any going from

Dan Bodner

that don't we what see But a That's ROI. of of see vision trend in in And information. trend. conclude terms I we do indoor in clear customers Shaul think to about more I our clear differently, want So asked interest trends. lot one

lead So only they have. the they process. the we can to can help And realize what's how with status for current on ROI we what's start discovery customers potential then benefit sales not ROI the but ROI to many see to well customers work going we an applications we've want selling environment. are for business because many their how it's theoretically, from own to ROI do that is positioned We how basis years. customers, in been And on

I the good. look better linearity percent. XX% at example, if revenue It before. guidance we That's So the HX. our of the year of year, than last around did was for had XX, in XX-point-something That's and pretty year we

than think linearity reporting bookings, QX of we target revenue XXX in still terms for new QX booking more is logos we a on currency, constant But joining was was So our the see good. XX%. so XX%. than is new And the year perspective more now that We're us from in XX%. QX.

good are we today. we very see so the what I We're guidance, closely in the we a we looks always, for is what far like our think of HX. So we pretty demand look despite as assumption that have market environment, all -- macro And are environment. it at outlook for assuming in monitoring the can

but of other add to but we inflation, in expect we HX people we're don't line, people to hire expenses, on more a in an fortunate some impact we workforce bottom FX it. year have XXX growth. we the bottom And are manage can terms impact going ahead the hire the And assume believe -- we on that line. about next For we of very

our guidance. maintaining EPS we're XX% So

Mason Marion

quarter. that SaaS fell of for you the understand or help felt? unbundled deal impact Was FX some where majority was one that's you metric? on the bit slipping that last this And perhaps Understood. us me metric a the it perhaps Can

Dan Bodner

I will the XX%. was quarter-to-quarter. revenue SaaS if unbundled because SaaS recognition with fluctuate associated it at But overall unbundled you look growth in think SaaS HX, the that of it

low-margin more we This little managed in surprised is was SaaS. optionally. by I than you which, provide positively was as growth with which a a XX% offset actually, So services, know, bit services,

the And that's strong than we booking managed in half. XX% I have think business from So any you targets for more don't when SaaS XX% new of the services. up was growth with combine first SaaS, that But last our year. in

of recurring is business as maintenance converting our SaaS. more customers SaaS XX% their to more Now and

SaaS of to that very are So growth I is think and in strong SaaS industry. moving our customers trend

As I cloud. that not year are or about going customers plan in sort year with have next And moved mentioned transition the before, having to of to move even customers when some discussions to yet after. long-term a Verint are they're most the

So I feel pretty SaaS good our about growth in industry.

Mason Marion

Great. Thank you.

Douglas Robinson

And it from happens mix a bundled nicely. issue. overall, will But go What to be [Inaudible] unbundled? quarter-to-quarter, versus

Operator

Levine Our from Peter of Instructions] [Operator Evercore question next ISI. comes

Peter Levin

larger extend. environment sales contact the the So of is Doug, in Congratulation how deployed best luck software would kind you right? centers transformation, slow, view if perception or worsens the think How think Two of deployments impact get, macro a center your they after gets to -- cycles business next contact your venture. do here? that if you your for me. Maybe I

Dan Bodner

Yes.

maybe a that the -- response. to think second is two is I want element One CCaaS the So recession. to Verint address how And my question. I parts will of sustain

So in And that's if CCaaS, -- sales I not terms before, currently, of CCaaS, elevated fixed see as mentioned with don't for happening does happen we it Verint. we cycle.

to deploying One to the that look from labor is the engagement I behind infrastructure Workforce side. any maybe on and I capacity But is have event, designed that separate importantly the is is Workforce is customers is many there starting platform to cost, that's there We One their can don't close But gap. think only CCaaS demand do we speculate from generate maybe can infrastructure from see are it. something the demand I not more when rising that business completely in in So applications And and only our come why than different and ROI CCaaS perception why decision this, for that believe wrong. for CCaaS.

there. connection that see don't I So

terms better recessions the talk think in IT macro of in And Verint about and industry. can all what prior did in I much Now recessions. only happened that the I prior environment, than

I is need rates customers. in high. are economy, have even and and very to very software customer because software service Our run of to And And care customers their they our sticky, bad need renewal a take verticals. they very they some way efficient really it cost. an largest also, reason to companies labor across given a that we enterprise we company, another many the have and run the in are have of is And think

top X out and XX and of insurance companies the care the top have out top X the banks XX XX companies. of We health of

done we are bottom They relatively in that prior we these but and for service. reasons BXC COVID, bottom time. are And in is how bad companies of up So a companies. is think good know And the them the which was manage essential these time combination came recessions. need not well why service Customer it that recession crisis, I in And strong customer to was improving all pretty in certainly we've line. a even line. with

help because the which the our really know think, think a that's economy. importantly, to about. But customers more -- I issue on to deal is, with manage how relative cost wages greater problem, the customers one I we inflation concerned is that labor a labor So we basis, want that are downturn number in

Peter Levin

just maybe one quick And for Doug. Right. one

percentage it the what dollar call, earlier you FX impact quantify on either Sorry terms the if but or can in I missed was?

Douglas Robinson

are about foreign the a rates as for at year, our side -- headwinds on revenue we happened currencies, year Headwinds when et this got I yet, guidance about expenses or at of pound, it's cetera. this, euro, talked look right? do year's the last in earlier, about -- third hasn't it Well, Yes.

it savings that so gives And U.S. you dollars. when translate us to expense

EPS. the $X.XX holding we're So

the So of we kind to don't have expense headwind a us. revenue a headwind to just tailwind EPS, offsetting and a to

So we're in little top fortunate does on put regard. the a that It pressure line.

look to really the of have constant line. So currency our top true look performance at business you to at

Operator

at Thank I'm you. this time. showing questions further no

call Let's Matthew Frankel any closing turn to the remarks. back for over

Matthew Frankel

for joining today. thank everyone, Valerie. Thanks you, us And

soon. again talking look We'll to night. Have out please always, any you to As free good feel a you reach questions with forward have. to

Operator

participating. Ladies Thank gentlemen, this you. conference. and all conclude Thank you does for today's

You disconnect. day. a Have may now great

Verint Systems (VRNT) 8 Sep 222023 Q2 Earnings call transcript