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Nice Ltd.
Foreign Filer Report • May 12, 2022
6950_rns_2022-05-12_f1e21459-5829-4a72-90a5-ab20dbbc0332.pdf
Foreign Filer Report
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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 May 2022 (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333-228911 and 333-249186), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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 16% Growth in Total Revenue and Record Profitability for the First Quarter of 2022, Dated May 12, 2022.
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/ Tali Mirsky Name: Tali Mirsky Title: Corporate VP, General Counsel and Corporate Secretary
Dated: May 12, 2022
EXHIBIT INDEX
99.1 Press Release: NICE Reports 16% Growth in Total Revenue and Record Profitability for the First Quarter of 2022, Dated May 12, 2022.
NICE Reports 16% Growth in Total Revenue and Record Profitability for the First Quarter of 2022
Cloud Revenue Increased 29% with Record Cloud Gross Margin
Record \$193 Million Cash Flow Generated from Operations
Company Raises Both Revenue and EPS Guidance for Full Year 2022
Hoboken, New Jersey, May 12, 2022 - NICE (NASDAQ: NICE) today announced results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial Highlights
| GAAP | Non-GAAP |
|---|---|
| Revenue of \$527 million, growth of 15.9% year-over-year | Revenue of \$527 million, growth of 15.4% year-over-year |
| Cloud revenue of \$295 million, growth of 29.2% year-over |
Cloud revenue of \$295 million, growth of 28.1% year-over |
| year | year |
| Gross margin of 68.3% compared to 67.5% last year | Gross margin of 73.0% compared to 72.7% last year |
| Operating income of \$72 million compared to \$66 million last |
Operating income of \$149 million compared to \$129 million |
| year, growth of 8.9% year-over-year | last year, growth of 15.7% year-over-year |
| Operating margin of 13.7% compared to 14.6% last year | Operating margin of 28.3%, compared to 28.2% last year |
| Diluted EPS of \$0.87 versus \$0.78 last year |
Diluted EPS of \$1.80 versus \$1.54 last year, growth of 16.9% |
| Operating cash flow increased 17.3% to \$193 million | |
| compared to last year |
"The excellent financial results we delivered and the rising momentum we experienced throughout last year continued into the first quarter of 2022 as we reported a 16% increase in total revenue with a robust underlying 29% growth in cloud revenue," said Barak Eilam, CEO, NICE. "Demand is strong, and we are seeing it across the board in our business. Our exceptional financial profile of double-digit top line growth combined with best-in-class profitability, outstanding cash generation and a rock-solid balance sheet, uniquely positions us in our industry to further cement our leadership." said Barak Eilam, CEO, NICE.
Mr. Eilam continued, "Three key elements are driving our continued strong revenue growth and excellent profitability: our widening leadership in the large enterprise market, our industry leading international footprint, and our unparalleled next-gen digital and AI offering. These three elements, combined with strong and durable demand in our markets, are providing us the fuel to continue executing well on our long-term strategy."
GAAP Financial Highlights for the First Quarter Ended March 31:
Revenues: First quarter 2022 total revenues increased 15.9% to \$527.4 million compared to \$455.0 million for the first quarter of 2021.
Gross Profit: First quarter 2022 gross profit was \$360.4 million compared to \$307.2 million for the first quarter of 2021 . First quarter 2022 gross margin was 68.3% compared to 67.5% for the first quarter of 2021.
Operating Income: First quarter 2022 operating income was \$72.4 million compared to \$66.5 million for the first quarter of 2021. First quarter 2022 operating margin was 13.7% compared to 14.6% for the first quarter of 2021.
Net Income: First quarter 2022 net income was \$57.9 million compared to \$52.2 million for the first quarter of 2021. First quarter 2022 net income margin was 11.0% compared to 11.5% for the first quarter of 2021.
Fully Diluted Earnings Per Share: Fully diluted earnings per share for the first quarter of 2022 was \$0.87 compared to \$0.78 in the first quarter of 2021.
Operating Cash Flow and Cash Balance: First quarter 2022 operating cash flow was \$192.7 million. In the first quarter, \$63.8 million were used for share repurchases. As of March 31, 2022, total cash and cash equivalents, short and long term investments were \$1,490.8 million. Our debt, net of a hedge instrument, was 540.8 million dollars, resulting in net cash and investments of 950.0 million dollars.
Non-GAAP Financial Highlights for the First Quarter Ended March 31:
Revenues: First quarter 2022 total revenues increased 15.4% to \$527.4 million compared to \$457.0 million for the first quarter of 2021.
Gross Profit: First quarter 2022 Non-GAAP gross profit increased to \$385.2 million compared to \$332.1 million for the first quarter of 2021. First quarter 2022 Non-GAAP gross margin was 73.0% compared to 72.7% for the first quarter of 2021.
Operating Income: First quarter 2022 Non-GAAP operating income increased to \$149.0 million compared to \$128.8 million for the first quarter of 2021. First quarter 2022 Non-GAAP operating margin was 28.3% compared to 28.2% for the first quarter of 2021.
Net Income: First quarter 2022 Non-GAAP net income increased to \$120.5 million compared to \$102.8 million for the first quarter of 2021. First quarter 2022 Non-GAAP net income margin totaled 22.8% compared to 22.5% for the first quarter of 2021.
Fully Diluted Earnings Per Share: First quarter 2022 Non-GAAP fully diluted earnings per share increased 16.9% to \$1.80 compared to \$1.54 for the first quarter of 2021.
Second Quarter and Full Year 2022 Guidance:
Second Quarter 2022:
Second quarter 2022 Non-GAAP total revenues are expected to be in a range of \$520 million to \$530 million. Second quarter 2022 Non-GAAP fully diluted earnings per share is expected to be in a range of \$1.75 to \$1.85.
Raising Full Year 2022 Guidance:
Full year 2022 Non-GAAP total revenues are expected to be in a range of \$2,160 million to \$2,180 million (compared to previous guidance range of \$2,140 million to \$2,160 million).
Full year 2022 Non-GAAP fully diluted earnings per share is expected to be in a range of \$7.25 to \$7.45 (compared to previous guidance range of \$7.07 to \$7.27).
Quarterly Results Conference Call
NICE management will host its earnings conference call today May 12, 2022, at 8:30 AM ET, 13:30 GMT, 15:30 Israel, to discuss the results and the company's outlook. To participate in the call, please dial into the following numbers: United States 1-877-407-4018 or +1-201-689-8471, United Kingdom 0-800-756-3429, Israel 1-809-406-247. The call will be webcast live on the Company's website at 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 expenses, amortization of discount on debt and loss from extinguishment of debt and the tax effect of the Non-GAAP adjustments. The Company early adopted ASU 2021-08, Business Combinations, effective January 1, 2021. The amendments in ASU 2021-08 require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The Company applied the new guidance retrospectively to all business combinations for which the acquisition date occurred on or after January 1, 2021, therefore comparative financials were not adjusted. Through December 31, 2020 business combination accounting rules required the recognition of a legal performance obligation related to a revenue arrangement of an acquired entity as a liability. The amount assigned to such liability was based on its fair value at the date of acquisition. Comparative financials Non-GAAP adjustment for a revenue arrangement is intended to reflect the full amount of such revenue. 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
NICE (Nasdaq: NICE) is the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.
Investors
Marty Cohen, +1 551 256 5354, [email protected], ET Omri Arens, +972 3 763-0127, [email protected], CET
Media Contact
Chris Irwin-Dudek, +1 (551) 256-5140, [email protected]
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, future plans and strategies, projections, anticipated events and trends, the economy 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 economic, competitive and other uncertainties and contingencies, 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, uncertainty related to COVID-19 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 presentation 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
| March 31, 2022 |
December 31, 2021 |
|||
|---|---|---|---|---|
| Unaudited | Audited | |||
| ASSETS | ||||
| CURRENT ASSETS: | ||||
| Cash and cash equivalents | \$ 471,715 |
\$ 378,656 |
||
| Short-term investments | 1,019,092 | 1,046,095 | ||
| Trade receivables | 416,716 | 395,583 | ||
| Debt hedge option | 154,464 | 292,940 | ||
| Prepaid expenses and other current assets | 205,248 | 184,604 | ||
| Total current assets | 2,267,235 | 2,297,878 | ||
| LONG-TERM ASSETS: | ||||
| Property and equipment, net | 151,455 | 145,654 | ||
| Deferred tax assets | 62,300 | 55,246 | ||
| Other intangible assets, net | 266,542 | 295,378 | ||
| Operating lease right-of-use assets | 81,031 | 85,055 | ||
| Goodwill | 1,602,493 | 1,606,756 | ||
| Prepaid expenses and other long-term assets | 229,573 | 224,445 | ||
| Total long-term assets | 2,393,394 | 2,412,534 | ||
| TOTAL ASSETS | \$ 4,660,629 | \$ 4,710,412 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| CURRENT LIABILITIES: | ||||
| Trade payables | \$ 45,197 |
\$ 36,121 |
||
| Deferred revenues and advances from customers | 384,344 | 330,459 | ||
| Current maturities of operating leases | 19,028 | 19,514 | ||
| Debt | 241,190 | 395,946 | ||
| Accrued expenses and other liabilities | 516,630 | 487,547 | ||
| Total current liabilities | 1,206,389 | 1,269,587 | ||
| LONG-TERM LIABILITIES: | ||||
| Deferred revenues and advances from customers | 63,981 | 66,606 | ||
| Operating leases | 76,616 | 81,185 | ||
| Deferred tax liabilities | 6,865 | 7,429 | ||
| Debt | 454,106 | 429,267 | ||
| Other long-term liabilities | 17,958 | 18,379 | ||
| Total long-term liabilities | 619,526 | 602,866 | ||
| SHAREHOLDERS' EQUITY | ||||
| Nice Ltd's equity | 2,821,750 | 2,825,085 | ||
| Non-controlling interests | 12,964 | 12,874 | ||
| Total equity | 2,834,714 | 2,837,959 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | \$ 4,660,629 | \$ 4,710,412 |
NICE LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
U.S. dollars in thousands (except per share amounts)
| Quarter ended March 31, |
||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unaudited | Unaudited | |||||
| Revenue: | ||||||
| Cloud | \$ 294,592 |
\$ 228,081 |
||||
| Services | 156,974 | 161,791 | ||||
| Product | 75,863 | 65,149 | ||||
| Total revenue | 527,429 | 455,021 | ||||
| Cost of revenue: | ||||||
| Cloud | 113,349 | 93,582 | ||||
| Services | 46,908 | 48,934 | ||||
| Product | 6,745 | 5,346 | ||||
| Total cost of revenue | 167,002 | 147,862 | ||||
| Gross profit | 360,427 | 307,159 | ||||
| Operating expenses: | ||||||
| Research and development, net | 76,578 | 59,155 | ||||
| Selling and marketing | 152,618 | 128,559 | ||||
| General and administrative | 58,867 | 52,972 | ||||
| Total operating expenses | 288,063 | 240,686 | ||||
| Operating income | 72,364 | 66,473 | ||||
| Financial and other expense/(income), net | (486) | 3,394 | ||||
| Income before tax | 72,850 | 63,079 | ||||
| Taxes on income | 14,909 | 10,868 | ||||
| Net income | \$ 57,941 |
\$ 52,211 |
||||
| Basic | \$ 0.91 |
\$ 0.83 |
||||
| Diluted | \$ 0.87 |
\$ 0.78 |
||||
| Weighted average shares outstanding: | ||||||
| Basic | 63,736 | 63,085 | ||||
| Diluted | 66,853 | 66,723 |
NICE LTD. AND SUBSIDIARIES CONSOLIDATED CASH FLOW STATEMENTS
U.S. dollars in thousands
| Quarter ended March 31, |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unaudited | Unaudited | |||
| Operating Activities | ||||
| Net income | \$ 57,941 |
\$ | 52,211 | |
| Adjustments to reconcile net income to net cash provided by operating activities | ||||
| Depreciation and amortization | 44,281 | 44,924 | ||
| Stock based compensation | 48,184 | 31,455 | ||
| Amortization of premium and discount and accrued interest on marketable securities | 3,818 | 3,931 | ||
| Deferred taxes, net | (1,796) | (858) | ||
| Changes in operating assets and liabilities: | ||||
| Trade Receivables, net | (21,259) | (19,684) | ||
| Prepaid expenses and other current assets | (28,931) | (10,860) | ||
| Operating lease right-of-use assets | 3,942 | 4,481 | ||
| Trade payables | 9,078 | 9,704 | ||
| Accrued expenses and other current liabilities | 29,229 | (1,365) | ||
| Deferred revenue | 52,349 | 51,903 | ||
| Operating lease liabilities | (4,997) | (5,697) | ||
| Amortization of discount on long term debt | 1,137 | 4,099 | ||
| Loss from extinguishment of debt | 1,092 | (5) | ||
| Other | (1,357) | - | ||
| Net cash provided by operating activities | 192,711 | 164,239 | ||
| Investing Activities | ||||
| Purchase of property and equipment | (9,584) | (2,329) | ||
| Purchase of Investments | (98,266) | (153,306) | ||
| Proceeds from Investments | 101,666 | 54,577 | ||
| Capitalization of software development costs | (10,671) | (10,116) | ||
| Proceeds from business and asset acquisitions adjustments | - | 444 | ||
| Net cash used in investing activities | (16,855) | (110,730) | ||
| Financing Activities | ||||
| Proceeds from issuance of shares upon exercise of share options | 75 | 292 | ||
| Purchase of treasury shares | (63,842) | (44,222) | ||
| Repayment of debt | (18,093) | - | ||
| Net cash provided by/(used in) financing activities | (81,860) | (43,930) | ||
| Effect of exchange rates on cash and cash equivalents | (937) | (718) | ||
| Net change in cash and cash equivalents | 93,059 | 8,861 | ||
| Cash and cash equivalents, beginning of period | \$ 378,656 |
\$ | 442,267 | |
| Cash and cash equivalents, end of period | \$ 471,715 |
\$ | 451,128 |
NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS
U.S. dollars in thousands (except per share amounts)
| Quarter ended March 31, |
|||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| GAAP revenues | \$ | 527,429 | \$ | 455,021 | |
| Valuation adjustment on acquired deferred cloud revenue | - | 1,823 | |||
| Valuation adjustment on acquired deferred services revenue | - | 106 | |||
| Non-GAAP revenues | \$ | 527,429 | \$ | 456,950 | |
| GAAP cost of revenue | \$ | 167,002 | \$ | 147,862 | |
| Amortization of acquired intangible assets on cost of cloud | (18,665) | (17,515) | |||
| Amortization of acquired intangible assets on cost of services | (377) | (1,225) | |||
| Amortization of acquired intangible assets on cost of product | (276) | (283) | |||
| Valuation adjustment on acquired deferred cost of cloud | 15 | 25 | |||
| Cost of cloud revenue adjustment (1) | (2,324) | (1,494) | |||
| Cost of services revenue adjustment (1) | (2,967) | (2,435) | |||
| Cost of product revenue adjustment (1) | (132) | (125) | |||
| Non-GAAP cost of revenue | \$ | 142,276 | \$ | 124,810 | |
| GAAP gross profit | \$ | 360,427 | \$ | 307,159 | |
| Gross profit adjustments | 24,726 | 24,981 | |||
| Non-GAAP gross profit | \$ | 385,153 | \$ | 332,140 | |
| GAAP operating expenses | \$ | 288,063 | \$ | 240,686 | |
| Research and development (1) Sales and marketing (1) |
(8,515) (16,269) |
(4,057) (10,908) |
|||
| General and administrative (1) | (18,400) | (12,687) | |||
| Amortization of acquired intangible assets | (8,811) | (9,709) | |||
| Valuation adjustment on acquired deferred commission | 53 | 53 | |||
| Non-GAAP operating expenses | \$ | 236,121 | \$ | 203,378 | |
| GAAP financial and other (income)/expense, net | \$ | (486) | \$ | 3,394 | |
| Amortization of discount and loss of extinguishment on debt | (2,229) | (4,125) | |||
| Non-GAAP financial and other income, net | \$ | (2,715) | \$ | (731) | |
| GAAP taxes on income | \$ | 14,909 | \$ | 10,868 | |
| Tax adjustments re non-GAAP adjustments Non-GAAP taxes on income |
\$ | 16,351 31,260 |
\$ | 15,814 26,682 |
|
NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS (continued)
U.S. dollars in thousands (except per share amounts)
| Quarter ended | ||||
|---|---|---|---|---|
| March 31, 2022 |
2021 | |||
| GAAP net income | \$ 57,941 |
\$ | 52,211 | |
| Valuation adjustment on acquired deferred revenue | - | 1,929 | ||
| Valuation adjustment on acquired deferred cost of cloud revenue | (15) | (25) | ||
| Amortization of acquired intangible assets | 28,129 | 28,732 | ||
| Valuation adjustment on acquired deferred commission | (53) | (53) | ||
| Share-based compensation (1) | 48,607 | 31,706 | ||
| Amortization of discount and loss of extinguishment on debt | 2,229 | 4,125 | ||
| Tax adjustments re non-GAAP adjustments | (16,351) | (15,814) | ||
| Non-GAAP net income | \$ 120,487 |
\$ | 102,811 | |
| GAAP diluted earnings per share | \$ 0.87 |
\$ | 0.78 | |
| Non-GAAP diluted earnings per share | \$ 1.80 |
\$ | 1.54 | |
| Shares used in computing GAAP diluted earnings per share | 66,853 | 66,723 | ||
| Shares used in computing non-GAAP diluted earnings per share | 66,853 | 66,723 |
NICE LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS (continued)
U.S. dollars in thousands
(1) Share-based Compensation
| Quarter ended March 31, |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cost of cloud revenue | \$ 2,324 |
\$ | 1,494 | |
| Cost of services revenue | 2,967 | 2,435 | ||
| Cost of product revenue | 132 | 125 | ||
| Research and development | 8,515 | 4,057 | ||
| Sales and marketing | 16,269 | 10,908 | ||
| General and administrative | 18,400 | 12,687 | ||
| \$ 48,607 |
\$ | 31,706 |
נייס מדווחת על גידול של 16% בהכנסות ורווחיות שיא ברבעון הראשון לשנת 2022
ההכנסות מענן גדלו ב29%- ביחס לשנה הקודמת ונרשם שיא במרווח הגולמי של הענן שיא בתזרים מזומנים מפעילות שוטפת של 193 מיליון דולר ברבעון ראשון 2022 החברה מעלה את תחזית ההכנסות ורווח למניה בדילול מלא לשנת 2022
הובוקן , ניו ג'רזי , 12 במאי, 2022 – נייס )נאסד"ק: NICE )פרסמה היום את התוצאות לרבעון הראשון לשנת .2022
| Non-GAAP | GAAP |
|---|---|
| לאשתקד | לאשתקד |
| בהשוואה | בהשוואה |
| ל 15.4% | ל 15.9% |
| ר, גידול ש | ר, גידול ש |
| מיליון דול | מיליון דול |
| 527 | 527 |
| ת של | ת של |
| סך הכנסו | סך הכנסו |
| קד | קד |
| מול אשת | מול אשת |
| ל 28.1% | ל 29.2% |
| ר, גידול ש | ר, גידול ש |
| מיליון דול | מיליון דול |
| 295 | 295 |
| ענן בסך | ענן בסך |
| הכנסות מ | הכנסות מ |
| אשתקד | אשתקד |
| 72.7% | 67.5% |
| עומת | עומת |
| 73.0% ל | 68.3% ל |
| גולמי של | גולמי של |
| שיער רווח | שיער רווח |
| , | אשתקד, |
| ר אשתקד | ר |
| מיליון דול | מיליון דול |
| 129 | 66 |
| שוואה ל- | ה ל- |
| ן דולר בה | ר בהשווא |
| 149 מיליו | מיליון דול |
| לי של | לי של 72 |
| רווח תפעו | רווח תפעו |
| 15.7% | 8.9% |
| גידול של | גידול של |
| אשתקד | אשתקד |
| 28.2% | 14.6% |
| עומת | עומת |
| 28.3% ל | 13.7% ל |
| של | של |
| ח תפעולי | ח תפעולי |
| שיעור רוו | שיעור רוו |
| קד, | קד |
| דולר אשת | דולר אשת |
| 1.54- | 0.78 |
| וואה ל | וואה ל- |
| דולר בהש | דולר בהש |
| של 1.80 | 0.87 |
| מלא | מלא של |
| ה בדילול | ה בדילול |
| רוו ח למני | רווח למני |
| 16.9% גידול של |
|
| מול ל 17.3% ר, גידול ש מיליון דול 193 פת בסך עילות שוט תזרים מפ |
|
| אשתקד |
עיקרי התוצאות לרבעון הראשון של :2022
"התוצאות המצוינות והמומנטום המשמעותי שהצגנו במהלך 2021 ממשיכים גם השנה, ומשתקפים בגידול של 16% בסך ההכנסות, הנובע בעיקר מהביקוש החזק והגדל לפתרונות הענן שלנו שצמחו ב 29%- מול הרבעון המקביל אשתקד ", אמר ברק עילם, מנכ"ל נייס. "אנו חווים תנופה בכל השווקים בהם אנו פועלים. הפרופיל הפיננסי של נייס ייחודי במגזר הטכנולוגיה ומשלב צמיחה דו- ספרתית בהכנסות , רווחיות גבוהה, ו קופת מזומנים של כמיליארד וחצי דולר , ו ממצב אותנו באופן אידיאלי בענף שלנו כדי להמשיך ולהוביל את השוק."
מר עילם המשיך, "שלושת ה גורמים העיקריים שמניעים את הצמיחה החזקה והרווחיות המצוינת שלנו הם: מובילות השוק בקרב הארגונים הגדולים, הנוכחות המשמעותית בשוק הבינלאומי והפורטפוליו הייחודי והמתקדם בתחומי הדיגיטל והבינה המלאכותית . שלושת המאפיינים הייח ודים הללו, בשילוב עם ביקוש חזק ומתמשך מאפשרים לנו להמשיך להוציא לפועל בצורה מיטבית את האסטרטגיה ארוכת הטווח של החברה, ולהגדיל את הפער התחרותי."
עיקרי התוצאות הפיננסיות ) GAAP )לרבעון הראשון שהסתיים ב- 31 במרץ :
הכנסות: ההכנסות ברבעון הראשון של 2022 גדלו ב - 15.9% ל- 527.4 מיליון דולר, לעומת 455.0 מיליון דולר ברבעון הראשון של .2021
רווח גולמי : הרווח הגולמי ברבעון הראשון של 2022 הסתכם ב- 360.4 מיליון דולר בהשוואה ל - 307.2 מיליון דולר ברבעון הרביעי של .2021 שיעור הרווח הגולמי ברבעון הראשון של 2022 הסתכם ב - 68.3% ל עומת 67.5% ברבעון הראשון של .2021
רווח תפעולי : הרווח התפעולי ברבעון הראשון של 2022 הסתכם ב - 72.4 מיליון דולר בהשוואה ל - 66.5 מיליון דולר ברבעון הראשון של .2021 שיעור הרווח התפעולי ברבעון הראשון של 2022 הסתכם ב- 13.7% לעומת 14.6% ברבעון הראשון של .2021
רווח נקי : הרווח הנקי ברבעון הראשון של 2022 הסתכם ב - 57.9 מיליון דולר לעומת 52.2 מיליון דולר ברבעון הראשון של .2021 ש יעור הרווח הנקי ברבעון הראשון של 2022 הסתכם ב- 11.0% לעומת 11.5% ברבעון הראשון של .2021
רווח למניה בדילול מלא: הרווח למניה בדילול מלא ברבעון הראשון של 2022 הסתכם ב- 0.87 דולר לעומת 0.78 דולר ברבעון הראשון של .2021
תזרים המזומנים מפעילות שוטפת ויתרת מזומנים: תזרים המזומנים מפעילות שוטפת ברבעון הראשון של 2022 היה 192.7 מיליון דולר . ברבעון הראשון של ,2022 63.8 מיליון דולר שימשו לרכישה עצמית של מניות. נכון ל31- במרץ ,2022 יתרות המזומנים ושווי המזומנים , וכן השקעות לטווח קצר וארוך הסתכמו ב - 1,490.8 מיליון דולר. החוב בנטרול מכשיר גידור היה 540.8 מיליון דולר כך שהמזומנים והשקעות נטו הסתכמו ל950.0- מיליון דולר.
עיקרי התוצאות הפיננסיות ) GAAP-Non )לרבעון הראשון שהסתיים ב- 31 במרץ :
הכנסות: ההכנסות )GAAP-Non )ברבעון הראשון של 2022 גדלו ל - 527.4 מיליון דולר, גידול של 15.4% לעומת 457.0 מיליון דולר ברבעון הראשון של .2021
רווח גולמי : הרווח הגולמי )GAAP-Non )ברבעון הראשון של 2022 גדל ל- 385.2 מיליון דולר ל עומת 332.1 מיליון דולר ברבעון הראשון של .2021 שיעור הרווח הגולמי )GAAP-Non )ברבעון הראשון של 2022 הסתכם ב- 73.0% לעומת 72.7% ברבעון הראשון של .2021
רווח תפעולי : הרווח התפעולי )GAAP-Non )ברבעון הראשון של 2022 גדל ל - 149.0 מיליון דולר לעומת 128.8 מיליון דולר ברבעון הראשון של .2021 ש יעור הרווח התפעולי )GAAP-Non )ברבעון הראשון של 2022 הסתכם ב- 28.3% לעומת 28.2% ברבעון הראשון של .2021
רווח נקי : הרווח הנקי )GAAP-Non )ברבעון הראשון של 2022 הסתכם 120.5 מיליון דולר לעומת 102.8 מיליון דולר ברבעון הראשון של .2021 שיעור הרווח הנקי )GAAP-Non )ברבעון הראשון של 2022 הסתכם ב22.8%- לעומת 22.5% ברבעון הראשון של .2021
רווח למניה בדילול מלא: הרווח )GAAP-Non )למניה בדילול מלא ברבעון הראשון של 2022 גדל ב- 16.9% ל- 1.80 דולר לעומת 1.54 דולר ברבעון הראשון של .2021
תחזית לרבעון השני ול שנת :2022
הרבעון השני של :2022 סך ההכנסות )GAAP-Non )ברבעון השני של ,2022 צפוי להסתכם ב - 520 מיליון דולר עד 530 מיליון דולר. הרווח )GAAP-Non )למניה בדילול מלא ברבעון השני של 2022 צפוי להיות בטווח של 1.75 דולר עד 1.85 דולר.
שנת :2022 החברה מעלה את תחזית סך ההכנסות )GAAP-Non )ל שנת 2022 שצפו י להיות בין 2,160 מיליון דולר עד 2,180 מיליון דולר )לעומת התחזית הקודמת של בין 2,140 מיליון דולר עד 2,160 מיליון דולר( . החברה מעלה את תחזיתלרווח )GAAP-Non )למניה בדילול מלא לשנת 2022 שצפוי להיות בטווח של 7.25 דולר עד 7.45 דולר )לעומת התחזית הקודמת של בין 7.07 דולר עד 7.27 דולר(.
שיחת ועידה לדיון בתוצאות הרבעוניות
הנהלת נייס תארח שיחת ועידה לדיון בתוצאות הפיננסיות ובתחזית החברה היום, 12 במאי 2022 בשעה 8:30 בבוקר שעון החוף המזרחי של ארה" ב, 13:30 לפי שעון גריניץ' ו15:30- לפי שעון ישראל . להשתתפות בשיחה יש לחייג את המספרים הבאים : מארה"ב : 1-877-407-4018 או .+1-201-689-8471 מבריטניה 0-800-756-3429; מישראל : .1-809-406-247 השיחה תשודר באינטרנט בשידור חי באתר החברה בכתובת -upcoming/investors/company/com.nice.www://https .event
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.
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, future plans and strategies, projections, anticipated events and trends, the economy 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 economic, competitive and other uncertainties and contingencies, 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, uncertainty related to COVID-19 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 presentation 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.