Financial Outlook for FY2020 (Year Ending January 31, 2020)
Our
non-GAAP
outlook for revenue and EPS for the year ending January 31, 2020 is as follows:
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Revenue: Increasing by $25 million to $1.37 billion with a range of +/- 2%
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Reflects 10% year-over-year growth
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EPS: Increasing by 10 cents to $3.60 at the midpoint of our revenue guidance
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Reflects 12% year-over-year growth
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Our
non-GAAP
outlook for the year ending January 31, 2020 excludes the following GAAP measures which we are able
to quantify with reasonable certainty:
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Amortization of intangible assets of approximately $56 million for the year ending January 31, 2020.
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Amortization of discount on convertible notes of approximately $12 million for the year ending
January 31, 2020.
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Our
non-GAAP
outlook for the year ending January 31, 2020 excludes
the following GAAP measures for which we are able to provide a range of probable significance:
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Revenue adjustments are expected to be between approximately $21 million and $25 million for the year
ending January 31, 2020.
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Stock-based compensation is expected to be between approximately $66 million and $70 million for the
year ending January 31, 2020, assuming market prices for our common stock approximately consistent with current levels.
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Our
non-GAAP
outlook does not include the potential impact of any
in-process
business acquisitions that may close after the date hereof, and, unless otherwise specified, reflects
foreign currency exchange rates approximately consistent with current rates.
We are unable, without unreasonable efforts, to provide a reconciliation for
other GAAP measures which are excluded from our
non-GAAP
outlook, including the impact of future business acquisitions or acquisition expenses, future restructuring expenses, and
non-GAAP
income tax adjustments due to the level of unpredictability and uncertainty associated with these items. For these same reasons, we are unable to assess the probable significance of these excluded
items. While historical results may not be indicative of future results, actual amounts for the year ended January 31, 2019 and 2018 for the GAAP measures excluded from our
non-GAAP
outlook appear in
Table 3 to our earnings press release filed on March 27, 2019.
About Verint Systems Inc.
Verint
®
(Nasdaq: VRNT) is a global leader in Actionable Intelligence
®
solutions with a focus on customer engagement optimization and cyber intelligence. Today, over 10,000 organizations in more than 180 countriesincluding over 85 percent of the Fortune
100count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how were creating A Smarter World with Actionable Intelligence® at www.verint.com.
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