NICE Ltd. (NICE) has reported an increase in earnings for its first quarter, surpassing Wall Street's expectations.
The company achieved a net income of $106.373 million, or $1.60 per share, up from $76.942 million, or $1.15 per share, in the previous year's first quarter.
When excluding certain items, NICE Ltd.'s adjusted earnings reached $171.557 million, or $2.58 per share, for the period.
Analysts, as surveyed by Thomson Reuters, had forecasted an average earnings per share of $2.45, not accounting for special items.
Quarterly revenue saw a 15.3% increase, rising to $659.309 million from $571.860 million last year.
In summary, NICE Ltd. reported the following GAAP results for the first quarter:
- Earnings: $106.373 million, compared to $76.942 million last year
- EPS: $1.60, compared to $1.15 last year
- Revenue: $659.309 million, compared to $571.860 million last year
**Guidance:**
- Next quarter EPS guidance: $2.53 to $2.63
- Next quarter revenue guidance: $657 to $667 million
- Full-year EPS guidance: $10.53 to $10.73
- Full-year revenue guidance: $2.715 to $2.735 billion
