NICE Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

NICE (TLV:NICE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$690.0m (up 15% from 3Q 2023).
• Net income: US$120.9m (up 31% from 3Q 2023).
• Profit margin: 18% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.91 (up from US$1.46 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NICE Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Asia.

Performance of the market in Israel.

The company's shares are down 2.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for NICE that you need to take into consideration.

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