NICE Reports Second Quarter 2010 Results
Achieves 21% Growth Year-over-Year in Revenue; Record Revenue and Backlog.
Ra’anana, Israel, August 03, 2010 - NICE Systems (NASDAQ: NICE), a leading a leading global provider of intent-based solutions that enable enterprises and security organizations to extract Insight from Interactions, transactions and surveillance to drive business performance, reduce risk and ensure safety , today announced results for the second quarter ending June 30, 2010.
Second Quarter 2010 non-GAAP and Business Highlights Include:
- Revenues at new record of $170 million, up 21% year-over-year
- Operating margin reached 17.6%, net income increased to $26.5 million
- Earnings per fully diluted share increased to $0.41 from $0.36 last year
- Book-to-bill greater than 1; backlog reaches new record
- Company generated $39 million cash from operations in the quarter
- Enhanced visibility; Company updates annual guidance provided in May 2010
“We are pleased with our performance in the second quarter. Our business continued to demonstrate positive growth momentum and improved profitability, complemented by substantial cash from operations during the quarter. Our book-to-bill ratio was once again greater than one, and we ended the quarter with record revenues and a record backlog. These achievements lead us to update our guidance for the second time this year,” said Zeevi Bregman, President and Chief Executive Officer, NICE Systems.
Source: www,nice.com
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