Dan. Thanks, everyone. afternoon, Good
GAAP website. non-GAAP today acquisition-related adjustments, financial and our as well available, and value realignment divestiture-related from in that reconciliation intangibles, will of and include divestitures, certain stock-based GAAP to frequency of amount our to other between can in other mentioned, vary significantly and measures our and as release compensation related items costs, adjustments between financial in revenue expenses, as financial certain IR section expenses, measures earnings acquisitions IT Differences discussion Matt lease the facilities non-GAAP and acquisition including fair infrastructure non-GAAP A include amortization our period. measures. is accelerated Our and period
strong Adjusted to year-over-year QX of with start million, our of results. overview our revenue me ahead $XXX X% increased $X guidance. Let million an
fiscal quality services due than divestiture our planned. completed the the higher reflects As a revenue X% was anticipated, adjusted managed last at million other was half in due contract growth to to at overachievement end values earlier coming reminder, the closing and the about than looking half of year. When we contracts $X
came year-over-year. at Non-GAAP gross basis strong margins points in up XXX XX.X%,
gross of increase business to pleased reflects of deliver non-GAAP are ability and The margins We strong our believe gross to the margin and up margin innovation outcomes overachievement $X.XX, XX% AI drove and our diluted AI the EPS combination with of ahead we gross guidance $X.XX of and customers. strength our our revenue year-over-year. our
It's SaaS to quarter SaaS QX, a as Verint Our our SaaS year-over-year. initially our a increase continued results strong which potential note revenue our by natural year-over-year indicator model brands were and revenue ACV XX% for that In for pricing momentum, their our portion increased bundled contracts their SaaS bookings, purchased that many XX% is consumption bots. bots. AI-powered XX% provides first customers increased flexible of growth leading our for bookings momentum. were AI driven included important consumption new path bots a as volume of AI of of bundled
about to platform metric believe am adoption than CX these saw our we bundled a in Verint's term growing report is is SaaS year pleased third to We contract SaaS longer lengths. of customer average I open lengths strategy. QX, XX% to AI our to SaaS term that A confidence metric reflect SaaS AI that related Another automation relates ago. and pipeline. lengths commitment longer-term momentum direction In the
reflecting our of more over Verint the As AI the remainder available year-over-year, than bots, fact advanced pipeline, only our is up the with the the end of in year XX% the of that was stage pipeline for XX% of Cloud. QX, innovation including
like SaaS customer to board and other were with across found AI more our Our can on outcome also our about strategy be large metrics our IR I would base. strong talk business the dashboard.
million to workflows Today, Verint delivers contact X agents. center about
need rip this are these As we hybrid which Verint latest for deploy customer AI-powered systems. discussed To the Day, a enhancing bots monetize opportunity our cloud their at the risky offer them workflows existing cloud and our for expand and disruptive Investor architecture revenue to we enabling with quickly base innovation AI replace our without large, significantly. in opportunity, Verint's programs
model as prove bots the to then deliver. our customer we low our business base the expand AI pricing initially deploy enables easily Also, and from volumes at consumption outcomes flexible AI value they
allow increasing elevate their offers, AI-powered future-proof agents We bots investments investments applications provide customer customers multiple redirect empower capacity in our costs. the see customers also toward agent-based We pricing our base experience, bots. from hiring, AI-powered them strategies to to labor agent using that reduce and with eliminate capacity ways upsell with extra to to in to and in
We deploy to customers. believe more as our our and accelerate bots growth bots flexible adoption strong volume revenue will of by ability business our consumption us AI consumption outcomes a to a with our enable model drive greater
our Turning 'XX. for to fiscal guidance
outlook year. up now reflecting a non-GAAP X% revenue and growth full On our to than fiscal compared bit Given fiscal revenue. the more 'XX million, guidance our the strong start a bumping we are our for revenue adjusted for basis, is 'XX $XXX EPS to year,
diluted of margin again growth are gross income expected at year, year, The XXX points the single for midpoint to and expansion expect approximately to we guidance. for up combination digits EPS, continued year-over-year. drive our faster than and revenue of growth. revenue basis raising increase $X.XX this points is to revenue gross margin expect XXX expansion our the we operating from We now guidance basis margin our high And
we assumptions, other to net average and expect $XXX,XXX below-the-line around per quarter. interest Regarding expense
we interest for expect full cash shares. and of diluted quarter. around XX.X of And $XXX,XXX the Net per rate tax year, income XX% from a million fully around noncontrolling a around
Let discuss progressing. year me we also how the see
and bundled expect similar We to year. unbundled SaaS be last dynamics to
the we year. SaaS, throughout bundled For expect to sequentially revenue increase
SaaS we growth basis. on to revenue expect quarter bundled In accelerate a fact, rates our each year-over-year
last expect the we to quarterly revenue SaaS, year, the timing be of driven of cadence by similar unbundled renewals. For to unbundled
$XX $XXX driven a by renewable AI sequential expect of and lower by expected. revenue more $XXX amount we revenue a SaaS nonrecurring adoption, as revenue range compared million million total and bundled QX, reflecting to support revenue QX, sequential contracts than QX in For in a decrease to to million, of the increase unbundled a volume of driven
EPS QX of to the at $X.XX. EPS expect revenue the For we be midpoint range, diluted non-GAAP
Looking second similar bundled finish a SaaS strong to at the QX both QX the of year the to with revenue a and to volume year, driven we be in last QX, of and expect large half renewals by year. strong similar to unbundled growth
our to balance Turning sheet.
very continue to We position. be financial in a good
is Our net targeting flow, year. free debt supported And flow. $XXX the strong to increase million in for remains to full well under are flow cash regard Xx greater last XX% XX-month by approximately EBITDA we with than cash and further and cash our a
stock continue stock previously program. buybacks. buyback largest As we use will of to of cash million we is QX, shares $XX buying back approximately purchased $XXX In our of we generation stock of be million shares common discussed, our expected announced part in previously as QX, and
EPS pleased exceeded in revenue have both we diluted QX. are and In non-GAAP guidance our summary, to
with by growth, wins bundled of AI the brands We some bookings large customers. strong are business significant our our outcomes and SaaS leading with world's reported pleased
discussed today, deliver Verint's to As and AI-powered our benefits we Verint. to bots customers economic also
We are base. focused our deployment AI-powered accelerating the bots large of on to customer
of and Rule we line 'XX for the that, becoming finally, the With revenue margin for year guidance revenue we both and current with as pleased XX a operator, work towards And along fiscal EPS please in the are way. questions. raise to open acceleration company expansion
