JERUSALEM May 4 Israeli software provider Nice
reported a better-than-expected rise in quarterly
profit, boosted by higher revenue for its cloud, analytics and
artificial intelligence businesses.
Nice said on Thursday it earned 89 cents per
diluted share excluding one-time items, up from 81 cents a share
a year earlier. Analysts had forecast Nice would earn 84 cents a
share, according to Thomson Reuters I/B/E/S.
Revenue grew 36.2 percent to $308 million, in line with
"We experienced particular strength for our analytics
solutions, where we have seen a high volume of very large
deals," said CEO Barak Eilam.
Nice is banking on analytical tools, which allow companies
to delve into large amounts of data to spot fraud and fend off
security threats, to deliver faster growth amid slowing sales
growth of systems helping call centres and surveillance of
buildings and transport networks.
The company forecast second-quarter revenue of $309-$319
million and EPS excluding one-time items of 84-90 cents. For all
of 2017, Nice reiterated a revenue estimate of $1.33-$1.354
billion but raised its estimate for EPS ex-items to $3.85-$4.05.
(Reporting by Steven Scheer)