Nice Ltd.

Foreign Filer Report • Feb 20, 2025

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2025 (Report No. 2)

Commission File Number: 0-27466

NICE LTD.

(Translation of Registrant's Name into English)

13 Zarchin Street, P.O. Box 690, Ra'anana 4310602, Israel (Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

THE GAAP FINANCIAL STATEMENTS ATTACHED TO THE PRESS RELEASE ATTACHED HERETO AS EXHIBIT 99.1 OF THIS REPORT ON FORM 6-K ARE HEREBY INCORPORATED BY REFERENCE INTO NICE LTD.`S ("NICE") REGISTRATION STATEMENTS ON FORM S-8 (REGISTRATION STATEMENT NOS. 333-166364, 333-168100, 333-171165, 333-162795, 333-162110, 333-06784, 333-08146, 333-11842, 333-09350, 333-11154, 333-111112, 333-111113, 333-134355, 333- 144589, 333-145981, 333-153230, 333-177510, 333-179408, 333-181375, 333-191176, 333-199904, 333-210341, 333-210343, 333- 210344, 333-214584, 333-226930, 333-228911, 333-249186 and 333-270969), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

CONTENTS

This Report on Form 6-K of NICE consists of the following documents, which are attached hereto and incorporated by reference herein:

99.1 Press Release: NICE Reports 25% Year-Over-Year Cloud Revenue Growth for the Full-Year 2024, Dated February 20, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

NICE LTD.

By: /s/ Noa Farkas Gluck Name: Noa Farkas Gluck Title: Head of Corporate Legal

Dated: February 20, 2025

EXHIBIT INDEX

99.1 Press Release: NICE Reports 25% Year-Over-Year Cloud Revenue Growth for the Full-Year 2024, Dated February 20, 2025.

NICE Reports 25% Year-Over-Year Cloud Revenue Growth for the Full-Year 2024

• Total annual revenue growth of 15% year over year to \$2.7 billion
• Record high annual operating margin drives record EPS and 48% year over year growth in cash flow from operations to \$833 million

Hoboken, New Jersey, February 20, 2025 - NICE (NASDAQ: NICE) today announced results for the fourth quarter and the full year ended December 31, 2024, as compared to the corresponding periods of the previous year.

Fourth Quarter 2024 Financial Highlights

GAAP	Non-GAAP
Total revenue was \$721.6 million and increased 16%	Total revenue was \$721.6 million and increased 16%
Cloud revenue was \$533.9 million and increased 24%	Cloud revenue was \$533.9 million and increased 24%
Operating income was \$154.3 million and increased 26%	Operating income was \$227.3 million and increased 22%
Operating margin was 21.4% compared to 19.7% last year	Operating margin was 31.5% compared to 30.0% last year
Diluted EPS was \$1.54 and increased 24%	Diluted EPS was \$3.02 and increased 28%
Operating cash flow was \$249.5 million and increased 38%

Full Year 2024 Financial Highlights

GAAP	Non-GAAP
Total revenue was \$2,735.3 million and increased 15%	Total revenue was \$2,735.3 million and increased 15%
Cloud revenue was \$1,984.2 million and increased 25%	Cloud revenue was \$1,984.2 million and increased 25%
Operating income was \$546.0 million and increased 25%	Operating income was \$849.6 million and increased 21%
Operating margin was 20.0% compared to 18.3% last year	Operating margin was 31.1% compared to 29.6% last year
Diluted EPS was \$6.76 and increased 32%	Diluted EPS was \$11.12 and increased 27%
Operating cash flow was \$832.6 million and increased 48%

"We're pleased to report a strong finish to 2024 capped off by an exceptional fourth quarter with double digit growth in total revenue, cloud revenue and further acceleration of our industry leading profitability," said Scott Russell, CEO of NICE. "Our full-year 2024 strong top line results were fueled by a 25% year-over-year growth in cloud revenue, which reached \$2 billion. Further, our leadership in CX AI was exemplified by the strong adoption of our advanced AI solutions which were included in 97% of our large enterprise CXone Mpower deals over \$1 million ARR. Our profitability reached new heights with a 150-basis point increase in our non-GAAP operating margin, climbing to 31.1%. Additionally, our outstanding operating cash flow growth in 2024, which increased 48% year-over-year to \$833 million, positions us with a significant competitive advantage to drive future organic and inorganic expansion."

Mr. Russell continued, "AI is revolutionizing the CX industry, and CXone Mpower's agentic AI is unlocking new levels of growth by delivering further efficiency and exceptional customer experiences. I joined NICE for its undisputed leadership and its unique ability to seize this growth opportunity. We will put our industry-leading platforms front and center, we will lead the CX-AI revolution and we will further scale through expansion of our ecosystem. Our decades of deep CX domain expertise, industry-leading AI platform, relentless innovation and great financial strength strongly positions us to capitalize on the opportunities ahead and accelerate into the future."

GAAP Financial Highlights for the Fourth Quarter and Full Year Ended December 31:

Revenues:

Fourth quarter 2024 total revenues increased 16% year over year to \$721.6 million compared to \$623.2 million for the fourth quarter of 2023.

Full year 2024 total revenues increased 15% to \$2,735.3 million compared to \$2,377.5 million for the full year 2023.

Gross Profit:

Fourth quarter 2024 gross profit was \$489.2 million compared to \$422.3 million for the fourth quarter of 2023 . Fourth quarter 2024 gross margin was 67.8% compared to 67.8% for the fourth quarter of 2023. Full year 2024 gross profit was \$1,825.7 million compared to \$1,609.3 million for the full year 2023. Full year 2024 gross margin was 66.7% compared to 67.7% for the full year 2023.

Operating Income:

Fourth quarter 2024 operating income increased 26% to \$154.3 million compared to \$122.7 million for the fourth quarter of 2023. Fourth quarter 2024 operating margin was 21.4% compared to 19.7% for the fourth quarter of 2023. Full year 2024 operating income was \$546.0 million compared to \$435.2 million for the full year 2023. Full year 2024 operating margin was 20.0% compared to 18.3% for the full year 2023.

Net Income:

Fourth quarter 2024 net income increased 22% to \$99.5 million compared to \$81.7 million for the fourth quarter of 2023. Fourth quarter 2024 net income margin was 13.8% compared to 13.1% for the fourth quarter of 2023. Full year 2024 net income was \$442.6 million compared to \$338.3 million for the full year 2023. Full year 2024 net income margin was 16.2% compared to 14.2% for the full year 2023.

Fully Diluted Earnings Per Share:

Fully diluted earnings per share for the fourth quarter of 2024 increased 24% to \$1.54 compared to \$1.24 in the fourth quarter of 2023.

Fully diluted earnings per share for the full year 2024 increased 32% to \$6.76 compared to \$5.11 for the full year 2023.

Cash Flow and Cash Balance:

Fourth quarter 2024 operating cash flow was \$249.5 million and full year 2024 operating cash flow was \$832.6 million. In the fourth quarter 2024, \$95.2 million was used for share repurchases and for the full year 2024, \$369.2 million were used for share repurchases.

As of December 31, 2024, total cash and cash equivalents, and short-term investments were \$1,621.7 million. Our debt, was \$458.8 million, resulting in net cash and investments of \$1,162.9 million.

Non-GAAP Financial Highlights for the Fourth Quarter and Full Year Ended December 31:

Revenues:

Fourth quarter 2024 non-GAAP total revenues increased 16% to \$721.6 million compared to \$623.2 million for the fourth quarter of 2023.

Full year 2024 non-GAAP total revenues increased 15% to \$2,735.3 million compared to \$2,377.5 million for the full year 2023.

Gross Profit:

Fourth quarter 2024 non-GAAP gross profit increased to \$515.3 million compared to \$448.2 million for the fourth quarter of 2023. Fourth quarter 2024 non-GAAP gross margin was 71.4% compared to 71.9% for the fourth quarter of 2023. Full year 2024 gross profit was \$1,942.7 million compared to \$1,708.8 million for the full year 2023. Full year 2024 non-GAAP gross margin was 71.0% compared to 71.9% for the full year 2023.

Operating Income:

Fourth quarter 2024 non-GAAP operating income increased 22% to \$227.3 million compared to \$186.9 million for the fourth quarter of 2023. Fourth quarter 2024 non-GAAP operating margin was 31.5% compared to 30.0% for the fourth quarter of 2023.

Full year 2024 non-GAAP operating income increased 21% to \$849.6 million compared to \$703.8 million for the full year 2023. Full year 2024 non-GAAP operating margin was 31.1% compared to 29.6% for the full year 2023.

Net Income:

Fourth quarter 2024 non-GAAP net income increased 26% to \$195.8 million compared to \$154.9 million for the fourth quarter of 2023. Fourth quarter 2024 non-GAAP net income margin totaled 27.1% compared to 24.9% for the fourth quarter of 2023.

Full year 2024 non-GAAP net income increased 25% to \$728.4 million compared to \$582.7 million for the full year 2023. Full year 2024 non-GAAP net income margin was 26.6% compared to 24.5% for the full year 2023.

Fully Diluted Earnings Per Share:

Fourth quarter 2024 non-GAAP fully diluted earnings per share increased 28% to \$3.02 compared to \$2.36 for the fourth quarter of 2023.

Full year 2024 non-GAAP fully diluted earnings per share increased 27% to \$11.12 compared to \$8.79 for the full year 2023.

First Quarter and Full Year 2025 Guidance:

First-Quarter 2025:

First-quarter 2025 non-GAAP total revenues are expected to be in a range of \$693 million to \$703 million, representing 6% year over year growth at the midpoint.

First-quarter 2025 non-GAAP fully diluted earnings per share are expected to be in a range of \$2.78 to \$2.88, representing 10% year over year growth at the midpoint.

Full-Year 2025:

Full-year 2025 non-GAAP total revenues are expected to be in a range of \$2,918 million to \$2,938 million, representing 7% year over year growth at the midpoint.

Full-year 2025 non-GAAP fully diluted earnings per share are expected to be in a range of \$12.13 to \$12.33, representing 10% year over year growth at the midpoint.

The above full year 2025 guidance includes the expectation of 12% year over year growth in cloud revenue.

Quarterly Results Conference Call

NICE management will host its earnings conference call today, February 20, 2025, at 8:30 AM ET, 13:30 GMT, 15:30 Israel, to discuss the results and the company's outlook. A live webcast and replay will be available on the Investor Relations page of the Company's website. To access, please register by clicking here: https://www.nice.com/investor-relations/upcoming-event.

Explanation of Non-GAAP measures

Non-GAAP financial measures are included in this press release. Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude share-based compensation, amortization of acquired intangible assets, acquisition related and other expenses, amortization of discount on debt and loss from extinguishment of debt and the tax effect of the Non-GAAP adjustments.

The Company believes that these Non-GAAP financial measures, used in conjunction with the corresponding GAAP measures, provide investors with useful supplemental information about the financial performance of our business. We believe Non-GAAP financial measures are useful to investors as a measure of the ongoing performance of our business. Our management regularly uses our supplemental Non-GAAP financial measures internally to understand, manage and evaluate our business and to make financial, strategic and operating decisions. These Non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Our Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. These Non-GAAP financial measures may differ materially from the Non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and Non-GAAP basis is provided in a table immediately following the Consolidated Statements of Income. The Company provides guidance only on a Non-GAAP basis. A reconciliation of guidance from a GAAP to Non-GAAP basis is not available due to the unpredictability and uncertainty associated with future events that would be reported in GAAP results and would require adjustments between GAAP and Non-GAAP financial measures, including the impact of future possible business acquisitions. Accordingly, a reconciliation of the guidance based on Non-GAAP financial measures to corresponding GAAP financial measures for future periods is not available without unreasonable effort.

About NICE

With NICE (Nasdaq: NICE), it's never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the world's #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. www.nice.com

Investor Relations Contact

Marty Cohen, +1 551 256 5354, ir@nice.com, ET Omri Arens, +972 3 763-0127, ir@nice.com, CET

Corporate Media Contact

Christopher Irwin-Dudek, +1 201 561 4442, media@nice.com, ET

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE. All other marks are trademarks of their respective owners. For a full list of NICE' marks, please see: http://www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements may be identified by words such as "believe", "expect", "seek", "may", "will", "intend", "should", "project", "anticipate", "plan", and similar expressions. Forward-looking statements are based on the current beliefs, expectations and assumptions of the Company's management regarding the future of the Company's business, performance, future plans and strategies, projections, anticipated events and trends, the economic environment, and other future conditions. Examples of forward-looking statements include guidance regarding the Company's revenue and earnings and the growth of our cloud, analytics and artificial intelligence business.

Forward looking statements are inherently subject to significant uncertainties, contingencies, and risks, including, economic, competitive and other factors, which are difficult to predict and many of which are beyond the control of management. The Company cautions that these statements are not guarantees of future performance, and investors should not place undue reliance on them. There are or will be important known and unknown factors and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors, include, but are not limited to, risks associated with changes in economic and business conditions, competition, successful execution of the Company's growth strategy, success and growth of the Company's cloud Software-as-a-Service business, difficulties in making additional acquisitions or effectively integrating acquired operations, products, technologies and personnel, the Company's dependency on third-party cloud computing platform providers, hosting facilities and service partners, rapidly changing technology, cyber security attacks or other security breaches against the Company, privacy concerns and legislation impacting the Company's business, changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, such as the impact of conflicts in the Middle East, that may disrupt our business and the global economy and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the "SEC").

You are encouraged to carefully review the section entitled "Risk Factors" in our latest Annual Report on Form 20-F and our other filings with the SEC for additional information regarding these and other factors and uncertainties that could affect our future performance. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company undertakes no obligation to update or revise them, whether as a result of new information, future developments or otherwise, except as required by law.

NICE LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

	December 31, 2024	December 31, 2023
	Unaudited	Audited
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	\$ 481,712	\$ 511,795
Short-term investments	1,139,996	896,044
Trade receivables	643,985	585,154
Debt hedge option	-	121,922
Prepaid expenses and other current assets	239,080	197,967
Total current assets	2,504,773	2,312,882
LONG-TERM ASSETS:
Property and equipment, net	185,292	174,414
Deferred tax assets	219,232	178,971
Other intangible assets, net	231,346	305,501
Operating lease right-of-use assets	93,083	104,565
Goodwill	1,849,668	1,821,969
Prepaid expenses and other long-term assets	212,512	219,332
Total long-term assets	2,791,133	2,804,752
TOTAL ASSETS	\$ 5,295,906	\$ 5,117,634
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables	\$ 110,603	\$ 66,036
Deferred revenues and advances from customers	299,367	302,649
Current maturities of operating leases	12,554	13,747
Debt	458,791	209,229
Accrued expenses and other liabilities	593,109	528,660
Total current liabilities	1,474,424	1,120,321
LONG-TERM LIABILITIES:
Deferred revenues and advances from customers	66,289	52,458
Operating leases	92,258	102,909
Deferred tax liabilities	1,965	8,596
Debt	-	457,081
Other long-term liabilities	57,807	21,769
Total long-term liabilities	218,319	642,813
SHAREHOLDERS' EQUITY
Nice Ltd's equity	3,589,742	3,341,132
Non-controlling interests	13,421	13,368
Total shareholders' equity	3,603,163	3,354,500
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	\$ 5,295,906	\$ 5,117,634

NICE LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME

U.S. dollars in thousands (except per share amounts)

		Quarter ended	December 31,		Year to date December 31,
		2024		2023		2024		2023
		Unaudited		Audited		Unaudited		Audited
Revenue:
Cloud	\$	533,947	\$	428,986		\$ 1,984,160		\$ 1,581,825
Services		149,650		162,365		596,031		641,387
Product		38,003		31,841		155,081		154,296
Total revenue		721,600		623,192		2,735,272		2,377,508
Cost of revenue:
Cloud		180,110		146,510		699,713		553,654
Services		47,009		48,674		184,410		188,890
Product		5,267		5,694		25,401		25,629
Total cost of revenue		232,386		200,878		909,524		768,173
Gross profit		489,214		422,314		1,825,748		1,609,335
Operating expenses:
Research and development, net		94,753		81,119		360,607		322,708
Selling and marketing		176,813		154,500		642,251		599,114
General and administrative		63,336		64,030		276,936		252,286
Total operating expenses		334,902		299,649		1,279,794		1,174,108
Operating income		154,312		122,665		545,954		435,227
Financial expenses (income) and other, net		(16,938)		2,635		(58,872)		(22,473)
Income before tax		171,250		120,030		604,826		457,700
Taxes on income		71,741		38,378		162,238		119,399
Net income	\$	99,509	\$	81,652	\$	442,588	\$	338,301
Earnings per share:
Basic Diluted	\$ \$	1.56 1.54	\$ \$	1.29 1.24	\$ \$	6.97 6.76	\$ \$	5.32 5.11
Weighted average shares outstanding:
Basic		63,720		63,283		63,483		63,590
Diluted		64,802		65,749		65,506		66,265

NICE LTD. AND SUBSIDIARIES

CONSOLIDATED CASH FLOW STATEMENTS

	Quarter ended December 31,			Year to date December 31,
	2024 Unaudited	2023 Audited	2024 Unaudited	2023 Audited
Operating Activities
Net income	\$ 99,509	\$ 81,652	\$ 442,588	\$ 338,301
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,776	41,212	205,020	167,360
Share-based compensation	48,185	46,170	182,067	176,658
Amortization of premium and discount and accrued interest on marketable securities	(3,135)	436	(9,861)	2,480
Deferred taxes, net	(1,312)	(35,833)	(40,261)	(66,620)
Changes in operating assets and liabilities:
Trade Receivables, net	(20,993)	(16,572)	(61,025)	(34,292)
Prepaid expenses and other current assets	(2,625)	95,413	25,040	73,052
Operating lease right-of-use assets	3,025	3,833	12,951	12,518
Trade payables	39,319	2,642	43,965	3,426
Accrued expenses and other current liabilities	63,507	(27,012)	41,952	(55,703)
Deferred revenue	(19,138)	(6,285)	3,049	(45,947)
Realized loss on marketable securities, net	-	12,271	-	12,271
Operating lease liabilities	(2,767)	441	(13,291)	(11,100)
Amortization of discount on long-term debt	430	1,166	1,834	4,615
Loss from extinguishment of debt	-	16	-	53
Change in fair value of contingent consideration	(3,054)	(18,258)	(3,054)	(18,258)
Other	(205)	(796)	1,667	2,616
Net cash provided by operating activities	249,522 #	180,496 #	832,641	561,430
Investing Activities
Purchase of property and equipment	(7,567)	(6,079)	(34,962)	(29,205)
Purchase of Investments	(362,822)	(29,620)	(938,154)	(230,263)
Proceeds from Investments	77,086	129,006	705,332	436,044
Capitalization of internal use software costs	(16,819)	(13,868)	(64,805)	(54,974)
Payments for business acquisitions, net of cash acquired	(20,309)	(396,780)	(64,816)	(415,185)
Net cash provided used in investing activities	(330,431)	(317,341)	(397,405)	(293,583)
Financing Activities
Proceeds from issuance of shares upon exercise of options	723	803	3,063	2,570
Purchase of treasury shares	(95,156)	(69,026)	(369,196)	(288,443)
Dividends paid to noncontrolling interest	(355)	(291)	(3,036)	(1,771)
Repayment of debt	-	(1,071)	(87,435)	(2,628)
Net cash used in financing activities	(94,788) #	(69,585) #	(456,604)	(290,272)
Effect of exchange rates on cash and cash equivalents	(8,174)	3,754	(6,914)	2,643
Net change in cash, cash equivalents and restricted cash	(183,871)	(202,676)	(28,282)	(19,782)
Cash, cash equivalents and restricted cash, beginning of period	\$ 668,903	\$ 715,990	\$ 513,314	\$ 533,096
Cash, cash equivalents and restricted cash, end of period	\$ 485,032	\$ 513,314	\$ 485,032	\$ 513,314
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet:
	\$ 481,712	\$ 511,795	\$ 481,712	\$ 511,795
Cash and cash equivalents
Restricted cash included in other current assets	\$ 3,320	\$ 1,519	\$ 3,320	\$ 1,519
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	\$ 485,032	\$ 513,314	\$ 485,032	\$ 513,314

NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS

U.S. dollars in thousands (except per share amounts)

	Quarter ended December 31,		Year to date December 31,
GAAP revenues	2024 \$ 721,600	2023 \$ 623,192	2024 \$ 2,735,272	2023 \$ 2,377,508
Non-GAAP revenues	\$ 721,600	\$ 623,192	\$ 2,735,272	\$ 2,377,508
GAAP cost of revenue	\$ 232,386	\$ 200,878	\$ 909,524	\$ 768,173
Amortization of acquired intangible assets on cost of cloud	(19,592)	(17,935)	(93,370)	(75,667)
Amortization of acquired intangible assets on cost of product Cost of cloud revenue adjustment (1,2)	- (3,520)	(255) (4,605)	(410) (12,549)	(1,021) (10,965)
Cost of services revenue adjustment (1)	(2,966)	(3,142)	(10,472)	(11,906)
Cost of product revenue adjustment (1)	(18)	15	(108)	121
Non-GAAP cost of revenue	\$ 206,290	\$ 174,956	\$ 792,615	\$ 668,735
GAAP gross profit Gross profit adjustments	\$ 489,214 26,096	\$ 422,314 25,922	\$ 1,825,748 116,909	\$ 1,609,335 99,438
Non-GAAP gross profit	\$ 515,310	\$ 448,236	\$ 1,942,657	\$ 1,708,773
GAAP operating expenses	\$ 334,902	\$ 299,649	\$ 1,279,794	\$ 1,174,108
Research and development (1,2)	(6,461)	(6,997)	(28,822)	(31,402)
Sales and marketing (1,2) General and administrative (1,2)	(15,565) (21,628)	(11,515) (34,588)	(57,891) (81,042)	(48,048) (92,291)
Amortization of acquired intangible assets	(6,263)	(3,506)	(22,087)	(15,757)
Valuation adjustment on acquired deferred commission	-	22	24	128
Change in fair value of contingent consideration	3,054	18,258	3,054	18,258
Non-GAAP operating expenses	\$ 288,039	\$ 261,323	\$ 1,093,030	\$ 1,004,996
GAAP financial and other income, net	\$ (16,938)	\$ 2,635	\$ (58,872)	\$ (22,473)
Amortization of discount and loss of extinguishment on debt	(430)	(1,182)	(1,834)	(4,668)
Realized loss on marketable securities, net	-	(12,271)	-	(12,271)
Change in fair value of contingent consideration	-	-	(115)	(817)
Non-GAAP financial and other income, net	(17,368)	(10,818)	(60,821)	(40,229)
GAAP taxes on income	\$ 71,741	\$ 38,378	\$ 162,238	\$ 119,399
Tax adjustments re non-GAAP adjustments	(22,878)	4,464	19,787	41,937
Non-GAAP taxes on income	\$ 48,863	\$ 42,842	\$ 182,025	\$ 161,336
GAAP net income	\$ 99,509	\$ 81,652	\$ 442,588	\$ 338,301
Amortization of acquired intangible assets	25,855	21,696	115,867	92,445
Valuation adjustment on acquired deferred commission	-	(22)	(24)	(128)
Share-based compensation (1)	49,720	47,298	187,717	180,504
Acquisition related expenses (2)	438	13,534	3,167	13,987
Amortization of discount and loss of extinguishment on debt Realized loss on marketable securities, net	430 -	1,182 12,271	1,834 -	4,668 12,271
Change in fair value of contingent consideration	(3,054)	(18,258)	(2,939)	(17,441)
Tax adjustments re non-GAAP adjustments	22,878	(4,464)	(19,787)	(41,937)
Non-GAAP net income	\$ 195,776	\$ 154,889	\$ 728,423	\$ 582,670
GAAP diluted earnings per share	\$ 1.54	\$ 1.24	\$ 6.76	\$ 5.11
Non-GAAP diluted earnings per share	\$ 3.02	\$ 2.36	\$ 11.12	\$ 8.79
Shares used in computing GAAP diluted earnings per share	64,802	65,749	65,506	66,265
Shares used in computing non-GAAP diluted earnings per share	64,802	65,749	65,506	66,265

NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS (continued)

U.S. dollars in thousands

(1) Share-based Compensation

		Quarter ended December 31,		Year to date December 31,
	2024	2023	2024	2023
Cost of cloud revenue	\$ 3,520	\$ 4,605	\$ 12,487	\$ 10,965
Cost of services revenue	2,966	3,142	10,472	11,906
Cost of product revenue	18	(15)	108	(121)
Research and development	6,461	6,997	28,492	31,402
Sales and marketing	15,554	11,515	57,230	48,023
General and administrative	21,201	21,054	78,928	78,329
	\$ 49,720	\$ 47,298	\$ 187,717	\$ 180,504

(2) Acquisition related expenses

	Quarter ended December 31,		Year to date December 31,
	2024		2023	2024		2023
Cost of cloud revenue	\$ -	\$	-	\$ 62	\$	-
Research and development	-		-	330		-
Sales and marketing	11		-	661		25
General and administrative	427		13,534	2,114		13,962
	\$ 438	\$	13,534	\$ 3,167	\$	13,987

NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME TO NON-GAAP EBITDA U.S. dollars in thousands

Quarter ended Year to date December 31, December 31, 2024 2023 2024 2023 Unaudited Audited Unaudited Audited GAAP net income \$ 99,509 \$ 81,652 \$ 442,588 \$ 338,301 Non-GAAP adjustments: Depreciation and amortization 48,776 41,212 205,020 167,360 Share-based Compensation 48,185 46,170 182,067 176,658 Financial and other expense/ (income), net (16,938) 2,635 (58,872) (22,473) Acquisition related expenses 438 13,534 3,167 13,987 Change in fair value of contingent consideration (3,054) (18,258) (3,054) (18,258) Valuation adjustment on acquired deferred commission - (22) (24) (128) Taxes on income 71,741 38,378 162,238 119,399 Non-GAAP EBITDA \$ 248,657 \$ 205,301 \$ 933,130 \$ 774,846

NICE LTD. AND SUBSIDIARIES NON-GAAP RECONCILIATION - FREE CASH FLOW FROM CONTINUING OPERATIONS

U.S. dollars in thousands

	Quarter ended December 31,			Year to date December 31,
	2024	2023	2024	2023
	Unaudited	Audited	Unaudited	Audited
Free cash flow (a)	\$	\$	\$	\$
Net cash provided by operating activities	249,522	180,496	832,641	561,430
Purchase of property and equipment	(7,567)	(6,079)	(34,962)	(29,205)
Capitalization of internal use software costs	(16,819)	(13,868)	(64,805)	(54,974)
Free Cash Flow	\$	\$	\$	\$
	225,136	160,549	732,874	477,251

(a) Free cash flow from continuing operations is defined as operating cash flows from continuing operations less capital expenditures of the continuing operations and less capitalization of internal use software costs.

נייס מדווחת על צמיחה של 25% בהכנסות מענן לשנת 2024

• סך הכנסות של 2.7 מיליארד דולר, גידול של 15% מול אשתקד
• שיא שנתי בשיעור הרווח התפעולי הוביל לשיא ברווח למניה וגידול של 48% בתזרים המזומנים מפעילות שוטפת לסך של 833 מיליון דולר לשנת 2024

הובוקן , ניו ג'רזי , 20 בפברואר, 2025 – נייס )נאסד"ק: NICE )פרסמה היום את התוצאות לרבעון הרביעי ולשנה המלאה של 2024 בהשוואה לתקופה המקבילה אשתקד.

עיקרי התוצאות לרבעון הרביעי של :2024

GAAP	Non-GAAP
ל 16%	ל 16%
ר, גידול ש	ר, גידול ש
מיליון דול	מיליון דול
של 721.6	של 721.6
ת	ת
סך הכנסו	סך הכנסו
ל 24%	ל 24%
ר, גידול ש	ר, גידול ש
מיליון דול	מיליון דול
533.9	533.9
בסך	בסך
ענן	ענן
הכנסות מ	הכנסות מ
26%	22%
גידול של	גידול של
ר,	ר,
מיליון דול	מיליון דול
של 154.3	של 227.3
ולי	ולי
רווח תפע	רווח תפע
אשתקד	אשתקד
19.7%	30.0%
עומת	עומת
21.4% ל	31.5% ל
של	של
ח תפעולי	ח תפעולי
שיעור רוו	שיעור רוו
24%	28%
ל של	ל של
דולר, גידו	דולר, גידו
של 1.54	של 3.02
מלא	מלא
ה בדילול	ה בדילול
רווח למני	רווח למני
ל 38% ר, גידול ש מיליון דול 249.5 של טפת עילות שו ומנים מפ תזרים מז

עיקרי התוצאות לשנת :2024

GAAP	Non-GAAP
ל 15%	ל 15%
ר, גידול ש	ר, גידול ש
מיליון דול	מיליון דול
2,735.3	2,735.3
של	של
ת	ת
סך הכנסו	סך הכנסו
ל 25%	ל 25%
ר, גידול ש	ר, גידול ש
מיליון דול	מיליון דול
1,984.2	1,984.2
בסך	בסך
ענן	ענן
הכנסות מ	הכנסות מ
ל 25%	ל 21%
ר גידול ש	ר, גידול ש
מיליון, דול	מיליון דול
של 546.0	של 849.6
ולי	ולי
רווח תפע	רווח תפע
אשתקד	אשתקד
18.3%	29.6%
עומת	עומת
20.0% ל	31.1% ל
של	של
ח תפעולי	ח תפעולי
שיעור רוו	שיעור רוו
32%	27%
ל של	ל של
דולר, גידו	דולר, גידו
של 6.76	של 11.12
מלא	מלא
ה בדילול	ה בדילול
רווח למני	רווח למני
ל 48% ר, גידול ש מיליון דול של 832.6 טפת עילות שו ומנים מפ תזרים מז

"אנו שמחים לדווח על סיום חזק לשנת 2024 ועל רבעון רביעי מצוין עם צמיחה דו -ספרתית בסך ההכנסות והכנסות ענן לצד האצה נוספת ברווחיות שלנו, שהיא המובילה בתעשייה", אמר סקוט ראסל, מנכ"ל נייס. " התוצאות המרשימות שלנו בשנת 2024 נבעו מפעילות הענן שהכנסותיה הגיעו ל 2- מיליארד דולר, צמיחה של 25% ב2024- לעומת אשתקד . ההובלה שלנו בתחום ה - AI-CX באו לידי ביטוי בכך ש 97%- מעסקאות Mpower CXone של מעל מיליון דולר ARR ב2024- כללו את פתרונות ה-AI המתקדמים שלנו. הרווח התפעולי (GAAP-non (טיפס לשיא שנתי חדש של .31.1% בנוסף, הצמיחה המרשימה שלנו בתזרים המזומנים מפעילות שוטפת, שעלתה ב 48%- ב2024- ל833- מיליון דולר, ממצבת אותנו עם יתרון תחרותי משמעותי להנעת צמיחה עתידית אורגנית ולא אורגנית". מר ראסל המשיך, "AI באופן כללי ו -AI Agentic בפרט מייצרים הזדמנויות צמיחה משמעותיות עבור הפ לטפורמה המובילה שלנו Mpower CXone. הצטרפתי לנייס בזכות מעמדה כמובילת שוק, ובגלל ההזדמנות המ שמעותית שלפנינו . אנו נחושים למנף את הפלטפורמות המובילות שלנו , להוביל את מהפכת ה-AI בתחום ה -CX ולהרחיב משמעותית את רשת השותפויות האסטרטגיות שלנו. עשרות שנים של מומחיות עמוקה בתחום חווית הלקוח, פלטפורמת ה- AI המובילה בתעשייה, החדשנות הבלתי פוסקת והאיתנות הפיננסית שלנו ממצבים אותנו באופן ייחודי לנצל את ההזדמנויות שבפתח ולהאיץ את הצמיחה בעתיד".

עיקרי התוצאות הפיננסיות ) GAAP )לרבעון הרביעי ולשנת 2024 שהסתיים ב- 31 בדצמבר :

הכנסות:

ההכנסות ברבעון הרביעי של 2024 גדלו ב - 16% ל- 721.6 מיליון דולר לעומת 623.2 מיליון דולר אשתקד. ההכנסות לשנת 2024 גדלו ב - 15% ל- 2,735.3 מיליון דולר, לעומת 2,377.5 מיליון דולר אשתקד.

רווח גולמי :

הרווח הגולמי ברבעון הרביעי של 2024 הסתכם ב- 489.2 מיליון דולר בהשוואה ל - 422.3 מיליון דולר אשתקד . שיעור הרווח הגולמי ברבעון הרביעי של 2024 הסתכם ב - 67.8% לעומת 67.8% אשתקד . הרווח הגולמי לשנת 2024 הסתכם ב - 1,825.7 מיליון דולר בהשוואה ל 1,609.3- מיליון דולר אשתקד. שיעור הרווח הגולמי לשנת 2024 הסתכם ב- 66.7% לעומת 67.7% אשתקד .

רווח תפעולי :

הרווח התפעולי ברבעון הרביעי של 2024 גדל ב,26%- והסתכם ב - 154.3 מיליון דולר בהשוואה ל- 122.7 מיליון דולר אשתקד . שיעור הרווח התפעולי ברבעון הרביעי של 2024 הסתכם ב - 21.4% לעומת 19.7% אשתקד . הרווח התפעולי לשנת 2024 הסתכם ב- 546.0 מיליון דולר בהשוואה ל - 435.2 מיליון דולר אשתקד . שיעור הרווח התפעולי לשנת 2024 הסתכם ב- 20.0% לעומת 18.3% אשתקד .

רווח נקי :

הרווח הנקי ברבעון הרביעי של 2024 גדל ב,22%- והסתכם ב99.5- מיליון דולר לעומת 81.7 מיליון דולר אשתקד. שיעור הרווח הנקי ברבעון הרביעי של 2024 הסתכם ב - 13.8% לעומת 13.1% אשתקד. הרווח הנקי לשנת 2024 הסתכם ב- 442.6 מיליון דולר לעומת 338.3 מיליון דולר אשתקד . ש יעור הרווח הנקי לשנת 2024 הסתכם ב- 16.2% לעומת 14.2% אשתקד .

רווח למניה בדילול מלא:

הרווח למניה בדילול מלא ברבעון הרביעי של 2024 גדל ב - 24% ל- 1.54 דולר לעומת 1.24 דולר אשתקד . הרווח למניה בדילול מלא לשנת 2024 גדל ב - 32% ל- 6.76 דולר לעומת 5.11 דולר אשתקד .

תזרים המזומנים מפעילות שוטפת ויתרת מזומנים:

תזרים המזומנים מפעילות שוטפת ברבעון הרביעי של 2024 היה 249.5 מיליון דולר ולשנת 2024 היה 832.6 מיליון דולר . ברבעון הרביעי של ,2024 95.2 מיליון דולר שימשו לרכישה עצמית של מניות ולשנת ,2024 369.2 מיליון דולר שימשו לרכישה עצמית של מניות . נכון ל31- בדצמבר ,2024 יתרות המזומנים ושווי המזומנים , וכן השקעות לטווח קצר הסתכמו ב- 1,621.7 מיליון דולר . החוב היה 458.8 מיליון דולר כך שהמזומנים והשקעות נטו הסתכמו ל 1,162.9- מיליון דולר.

עיקרי התוצאות הפיננסיות ) GAAP-non )לרבעון הרביעי ולשנת 2024 שהסתיים ב - 31 בדצמבר :

הכנסות:

ההכנסות )GAAP-non )ברבעון הרביעי של 2024 גדלו ב- 16% ל - 721.6 מיליון דולר לעומת 623.2 מיליון דולר אשתקד. ההכנסות )GAAP-non )לשנת 2024 גדלו ב- 15% ל - 2,735.3 מיליון דולר , לעומת 2,377.5 מיליון דולר אשתקד.

רווח גולמי :

הרווח הגולמי )GAAP-non )ברבעון הרביעי של 2024 הסתכם ב- 515.3 מיליון דולר בהשוואה ל - 448.2 מ יליון דולר אשתקד . שיעור הרווח הגולמי )GAAP-non )ברבעון הרביעי של 2024 הסתכם ב- 71.4% לעומת 71.9% אשתקד . הרווח הגולמי )GAAP-non )לשנת 2024 הסתכם ב- 1,942.7 מיליון דולר בהשוואה ל - 1,708.8 מיליון דולר אשתקד . שיעור הרווח הגולמי )GAAP-non )לשנת 2024 הסתכם ב- 71.0% לעומת 71.9% אשתקד .

רווח תפעולי :

הרווח התפעולי )GAAP-non )ברבעון הרביעי של 2024 גדל ב,22%- והסתכם ב - 227.3 מיליון דולר בהשוואה ל - 186.9 מיליון דולר אשתקד . ש יעור הרווח ) GAAP-non )התפעולי ברבעון הרביעי של 2024 הסתכם ב- 31.5% לעומת 30.0% אשתקד . הרווח התפעולי )GAAP-non )לשנת 2024 גדל ב 21%- ו הסתכם ב- 849.6 מיליון דולר בהשוואה ל - 703.8 מיליון דולר אשתקד. ש יעור הרווח התפעולי )GAAP-non )לשנת 2024 הסתכם ב- 31.1% לעומת 29.6% אשתקד .

רווח נקי :

הרווח הנקי )GAAP-non )ברבעון הרביעי של 2024 גדל ב26%- והסתכם ב 195.8- מיליון דולר לעומת 154.9 מיליון דולר אשתקד. ש יעור הרווח הנקי ) GAAP-non )ברבעון הרביעי של 2024 הסתכם ב- 27.1% לעומת 24.9% אשתקד . הרווח הנקי )GAAP-non )לשנת 2024 הסתכם ב - 728.4 מיליון דולר לעומת 582.7 מיליון דולר אשתקד. שיעור הרווח הנקי )GAAP-non )לשנת 2024 הסתכם ב- 26.6% לעומת 24.5% אשתקד .

רווח למניה בדילול מלא:

הרווח )GAAP-non )למניה בדילול מלא ברבעון הרביעי של 2024 גדל ב - 28% ל- 3.02 דולר לעומת 2.36 דולר אשתקד . הרווח )GAAP-non )למניה בדילול מלא לשנת 2024 גדל ב- 27% ל - 11.12 דולר לעומת 8.79 דולר אשתקד.

תחזית לרבעון הראשון ול שנת :2025

הרבעון ה ראשון של :2025

סך ההכנסות )GAAP-non )ברבעון הראשון של ,2025 צפוי להסתכם ב- 693 מיל יון דולר עד 703 מיליון דול ר, שמייצג גידול של 6% לפי נקודת האמצע של התחזית לעומת אשתקד.

הרווח )GAAP-non )למניה בדילול מלא ברבעון הראשון של 2025 צפוי להיות בטווח של 2.78 דולר עד 2.88 דולר , שמייצג גידול של 10% לפי נקודת האמצע של התחזית לעומת אשתקד.

שנת :2025

סך ההכנסות )GAAP-Non )בשנת 2025 צפוי להסתכם ב - 2,918 מיליון דולר עד 2,938 מיליון דולר, שמייצג גידול של 7% לפי נקודת האמצע של התחזית לעומת אשתקד.

הרווח )GAAP-non )למניה בדילול מלא בשנת 2025 צפוי להיות בטווח של 12.13 דולר עד 12.33 דולר , שמייצג גידול של 10% לפי נקודת האמצע של התחזית לעומת אשתקד.

התחזית לעיל לשנת 2025 כוללת את הצפי לצמיחה של 12% בהכנסות ענן לעומת אשתקד.

שיחת ועידה לדיון בתוצאות הרבעוניות

הנהלת נייס תארח שיחת ועידה לדיון בתוצאות הפיננסיות ובתחזית החברה היום, 20 בפברואר 2025 בשעה 8:30 בבוקר שעון החוף המזרחי של ארה" ב, 13:30 לפי שעון גריניץ' ו15:30- לפי שעון ישראל . השיחה תשודר באינטרנט בשידור חי באתר .https://www.nice.com/company/investors/upcoming-event בכתובת להירשם יש להששתף מנת על .החברה

אודות נייס

נייס )NICE :NASDAQ, ת" א: נייס ( הינה המובילה העולמית במתן פתרונות תוכנה, הן ברישיונות תוכנה והן בענן, המאפשרים לארגונים לנקוט בפעולה הבאה הטובה ביותר באמצעות כלים אנליטיים המנתחים מידע מובנה ושאינו מובנה. הפתרונות של נייס מסייעים לארגונים לשפר את חוויית הלקוח, להבטיח ציות לרגולציה, להיאבק בפשיעה פיננסית ולשמור על נכסים . הפתרונות של נייס נמצאים בשימוש של יותר מ25,000- ארגונים ביותר מ150- מדינות, כולל מעל 85 מהחברות המדורגות ב100- Fortune. www.nice.com

מסמך זה מהווה תרגום נוחות בלבד לעיקרי הדוחות ולהודעה לעיתונות באנגלית שפורסמה בארה "ב, המחייבת מבחינת החברה, והכוללת מידע נוסף , בין היתר בנוגע להפרשים בין GAAP ל -GAAP-Non.

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Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements may be identified by words such as "believe", "expect", "seek", "may", "will", "intend", "should", "project", "anticipate", "plan", and similar expressions. Forward-looking statements are based on the current beliefs, expectations and assumptions of the Company's management regarding the future of the Company's business, performance, future plans and strategies, projections, anticipated events and trends, the economic environment, and other future conditions. Examples of forward-looking statements include guidance regarding the Company's revenue and earnings and the growth of our cloud, analytics and artificial intelligence business.

Forward looking statements are inherently subject to significant uncertainties, contingencies, and risks, including, economic, competitive and other factors, which are difficult to predict and many of which are beyond the control of management. The Company cautions that these statements are not guarantees of future performance, and investors should not place undue reliance on them. There are or will be important known and unknown factors and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors, include, but are not limited to, risks associated with changes in economic and business conditions, competition, successful execution of the Company's growth strategy, success and growth of the Company's cloud Software-as-a-Service business, difficulties in making additional acquisitions or effectively integrating acquired operations, products, technologies and personnel, the Company's dependency on third-party cloud computing platform providers, hosting facilities and service partners, rapidly changing technology, cyber security attacks or other security breaches against the Company, privacy concerns and legislation impacting the Company's business, changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, such as the impact of conflicts in the Middle East, that may disrupt our business and the global economy and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the "SEC").

You are encouraged to carefully review the section entitled "Risk Factors" in our latest Annual Report on Form 20-F and our other filings with the SEC for additional information regarding these and other factors and uncertainties that could affect our future performance. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company undertakes no obligation to update or revise them, whether as a result of new information, future developments or otherwise, except as required by law.

לפרטים נוספים ניתן ליצור קשר עם: יובל דדוש, שרף תקשורת ,050-750-9494 com.scherfcom@yuval