MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 3, 2003--Verint Systems (Company
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Studies) Inc. (NASDAQ: VRNT - News), announced record sales of $49,012,000 for the third quarter of fiscal 2003, ended October 31, 2003, a 21% increase
compared with $40,671,000 for the third quarter of fiscal 2002.
The Company posted record net income of $4,667,000 for the third quarter of fiscal 2003 ($0.15 per diluted share), compared with net income of $2,759,000 ($0.11 per
diluted share) for the third quarter of fiscal 2002.
Dan Bodner, President and CEO of Verint, stated, "Our record third quarter results, which also represent our eighth consecutive quarter of sequential growth, were due
to strong sales of our actionable intelligence solutions in the security market, as well as growing demand in the business intelligence market. Our margins continued to
improve during the quarter, and combined with our sales growth, resulted in an 8% sequential increase in income from operations."
The Company ended the quarter with record cash and cash equivalents of $223,686,000, working capital of $198,624,000, total assets of $323,923,000, and stockholders'
equity of $238,421,000.
Conference Call Information
The Company will be conducting a conference call to review its fiscal 2003 third quarter results today at 4:30 PM EST. An on-line, real-time Web cast of the conference call
will be available on our website at www.verint.com. The conference call can also be accessed live via telephone at 703-871-3092. Please dial in 5-10 minutes prior to the
scheduled start time.
A replay of the conference call will be available on our website at www.verint.com and by telephone at 703-925-2533, passcode 810826.
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