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Nice Ltd.
Earnings Release • Feb 14, 2019
6950_rns_2019-02-14_5bcbd311-9cba-4f93-89ff-8569fed0e005.pdf
Earnings Release
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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 February 2019 (Report No. 4)
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333-226930 and 333-228911), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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 Strong Finish to 2018 with 30% Cloud Revenue Growth for the Fourth Quarter, Dated February 14, 2019.
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: February 14, 2019
EXHIBIT INDEX
99.1 Press Release: NICE Reports Strong Finish to 2018 with 30% Cloud Revenue Growth for the Fourth Quarter, Dated February 14, 2019.
NICE Reports Strong Finish to 2018 with 30% Cloud Revenue Growth for the Fourth Quarter
Record Total Revenue and Operating Income for the Fourth Quarter and Full Year of 2018
Hoboken, New Jersey, February 14, 2019 - NICE (NASDAQ: NICE) today announced results for the fourth quarter and full year ended December 31, 2018.
Full Year 2018 Financial Highlights
| GAAP | Non-GAAP |
|---|---|
| Record revenue of \$1,445 million, growth of 8% year-over | Record revenue of \$1,463 million, growth of 9% year-over |
| year | year |
| Cloud revenue of \$461 million, growth of 28% year-over-year |
Cloud revenue of \$470 million, growth of 27% year-over-year |
| Gross margin of 65.6% compared to 64.8% last year | Gross margin of 71.1% compared to 71.6% last year |
| Record operating income of \$198 million compared to \$150 | Record operating income of \$379 million compared to \$336 |
| million last year, 32% growth year-over-year | million last year, 13% growth year-over-year |
| Operating margin of 13.7% compared to 11.3% last year | Operating margin of 25.9% compared to 25.0% last year |
| Record diluted EPS of \$2.52 versus \$2.31 last year, 9% |
Record diluted EPS of \$4.69 versus \$4.10 last year, 14% |
| growth year-over-year | growth year-over-year |
| Record cash flow from operations of \$397 million |
The GAAP column of the table contains the financial highlights of the full year 2018 under ASC 606 with the comparison period under ASC 605. The non-GAAP column of the table contains the financial highlights of the full year 2018 under ASC 605 with the comparison period under ASC 605.
Fourth Quarter 2018 Financial Highlights
| GAAP | Non-GAAP |
|---|---|
| Record revenue of \$411 million, growth of 5% year-over-year |
Record revenue of \$420 million, growth of 6% year-over-year |
| Cloud revenue of \$132 million, growth of 30% year-over-year |
Cloud revenue of \$134 million, growth of 29% year-over-year |
| Gross margin of 66.9% compared to 68.4% last year | Gross margin of 72.4% compared to 74.2% last year |
| Operating income of \$70 million compared to \$63 million last |
Record operating income of \$119 million compared to \$112 |
| year | million last year |
| Operating margin of 17.1% compared to 16.1% last year | Operating margin of 28.3% compared to 28.4% last year |
| Diluted EPS of \$0.98 versus \$1.27 last year |
Record diluted EPS of \$1.47 versus \$1.35 last year |
| Cash flow from operations of \$109 million, 26% growth year | |
| over-year |
The GAAP column of the table contains the financial highlights of the fourth quarter 2018 under ASC 606 with the comparison period under ASC 605.
The non-GAAP column of the table contains the financial highlights of the fourth quarter 2018 under ASC 605 with the comparison period under ASC 605.
"We are pleased to end the year on a high note as 2018 was a year marked by robust growth and record results," said Barak Eilam, CEO of NICE. "For the full-year 2018, we reported strong growth in cloud revenue and operating income, an increase in recurring revenue, further growth in the operating margin and a record year for cash flow generation."
Mr. Eilam continued, "We are stepping into 2019 with great momentum across all of our businesses fueled by our two market differentiating platforms - CXone for Customer Engagement and X-Sight for Financial Crime and Compliance. Our assets, investments and market leadership in cloud, analytics and artificial intelligence are driving us forward and providing tremendous future opportunities.
"As we look ahead to the next five years, our strong leadership position will allow us to quickly expand into a total addressable market of over \$12 billion from \$7 billion today, providing us the opportunity to far exceed the \$2 billion revenue mark, to see the majority of our revenue come from the cloud and to have a greater than 30% operating margin."
NICE Investor Day
NICE will be hosting its Investor Day on April 16th in conjunction with its Interactions annual user conference in Las Vegas. The special program for analysts and investors will include meetings with NICE executives, presentations from customers, product and technology sessions, and access to the solutions showcase. If you haven't registered, please email NICE at [email protected].
GAAP Financial Highlights for the Fourth Quarter and Full Year Ended December 31:
The GAAP numbers presented below for the fourth quarter and full year 2018 are under ASC 606 and the comparison period GAAP numbers for the fourth quarter and full year 2017 are under ASC 605.
Revenues: Fourth quarter 2018 total revenues increased 4.7% to \$410.8 million compared to \$392.2 million for the fourth quarter of 2017.
Full year 2018 total revenues increased 8.4% to \$1,444.5 million compared to \$1,332.2 million for the full year 2017.
Gross Profit: Fourth quarter 2018 gross profit increased to \$274.7 million compared to \$268.3 million for the fourth quarter of 2017 and fourth quarter 2018 gross margin was 66.9% compared to 68.4% for the fourth quarter of 2017. Full year 2018 gross profit and gross margin increased to \$947.7 million and 65.6%, respectively, compared to \$863.5 million and 64.8%, respectively, for the full year 2017.
Operating Income: Fourth quarter 2018 operating income and operating margin increased to \$70.4 million and 17.1%, respectively, compared to \$63.2 million and 16.1%, respectively, for the fourth quarter of 2017. Full year 2018 operating income and operating margin increased to \$197.6 million and 13.7%, respectively, compared to \$150.1 million and 11.3%, respectively, for the full year 2017.
Net Income: Fourth quarter 2018 net income and net income margin were \$62.3 million and 15.2%, respectively, compared to \$79.4 million and 20.2%, respectively, for the fourth quarter of 2017. Full year 2018 net income and net income margin increased to \$159.3 million and 11.0%, respectively, compared to \$143.3 million and 10.8%, respectively, for the full year 2017.
Fully Diluted Earnings Per Share: Fully diluted earnings per share for the fourth quarter of 2018 was \$0.98 compared to \$1.27 in the fourth quarter of 2017.
Fully diluted earnings per share for the full year 2018 increased to \$2.52 compared to \$2.31 for the full year 2017.
Operating Cash Flow and Cash Balance: Fourth quarter 2018 operating cash flow was \$108.9 million and full year operating cash flow reached \$396.6 million. In the fourth quarter, \$15.4 million was used for share repurchases and \$26.0 million was used for share repurchases for the full year of 2018. As of December 31, 2018, total cash and cash equivalents, short term investments and marketable securities were \$730.8 million, and total debt was \$456.0 million.
Non-GAAP Financial Highlights for the Fourth Quarter and Full Year Ended December 31:
The non-GAAP numbers presented below for the fourth quarter and full year 2018 and the comparison period non-GAAP numbers for the fourth quarter and full year 2017 are both under ASC 605.
Revenues: Fourth quarter 2018 non-GAAP total revenues increased to \$419.9 million, up 6.1% from \$395.8 million for the fourth quarter of 2017.
Non-GAAP total revenues for the full year 2018 increased 8.7% to \$1,462.7 million compared to \$1,345.9 million for the full year 2017.
Gross Profit: Fourth quarter 2018 non-GAAP gross profit increased to \$303.8 million compared to \$293.5 million for the fourth quarter of 2017. Fourth quarter 2018 Non-GAAP gross margin was 72.4% compared to 74.2% for the fourth quarter of 2017.
Full year 2018 non-GAAP gross profit increased to \$1,040.6 million compared to \$963.5 million and full year 2018 non-GAAP gross margin was 71.1% compared to 71.6% for the full year 2017.
Operating Income: Fourth quarter 2018 non-GAAP operating income increased to \$118.7 million compared to \$112.4 million for the fourth quarter of 2017. Fourth quarter 2018 Non-GAAP operating margin was 28.3% compared to 28.4% for the fourth quarter of 2017.
Full year 2018 non-GAAP operating income and non-GAAP operating margin increased to \$378.6 million and 25.9%, respectively, from \$336.3 million and 25.0%, respectively, for the full year 2017.
Net Income: Fourth quarter 2018 non-GAAP net income and non-GAAP net income margin increased to \$93.9 million and 22.4%, respectively, from \$84.5 million and 21.3%, respectively, for the fourth quarter of 2017. Full year 2018 non-GAAP net income and non-GAAP net income margin increased to \$296.7 million and 20.3%, respectively, from \$254.5 million and 18.9%, respectively, for the full year 2017.
Fully Diluted Earnings Per Share: Fourth quarter 2018 non-GAAP fully diluted earnings per share increased 8.9% to \$1.47, compared to \$1.35 for the fourth quarter of 2017.
Full year 2018 non-GAAP fully diluted earnings per share increased 14.4% to \$4.69 compared to \$4.10 for the full year 2017.
First Quarter and Full Year 2019 Guidance:
Effective January 1st, 2018, the company adopted ASC 606 using the modified retrospective method for GAAP reporting purposes. Starting in January 2019 the guidance, as well as our financial results, will be provided using the accounting standard ASC 606 for all 2019 quarters and the full year 2019. Comparative results throughout 2019 will be compared to ASC 606 results for 2018.
First Quarter 2019: First quarter 2019 non-GAAP total revenues are expected to be in a range of \$370 million to \$380 million (2018 non-GAAP: \$337.6 million). First quarter 2019 non-GAAP fully diluted earnings per share are expected to be in a range of \$1.05 to \$1.15 (2018 non-GAAP: \$0.97).
Full Year 2019: Full year 2019 non-GAAP total revenues are expected to be in a range of \$1,558 million to \$1,582 million (2018 non-GAAP: \$1,453.4 million). Full year 2019 non-GAAP fully diluted earnings per share are expected to be in a range of \$5.08 to \$5.28 (2018 non-GAAP: \$4.75).
Quarterly Results Conference Call
NICE management will host its earnings conference call today, February 14th, 2019 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 in to the following numbers: United States 1-866-804-8688 or +1-718-354-1175, International +44(0)1296-480-100, United Kingdom 0- 800-783-0906, Israel 1-809-344-364. The Passcode is 990 622 84. Additional access numbers can be found at http://www.btconferencing.com/globalaccess/?bid=54_attended. The call will be webcast live on the Company's website at http://www.nice.com/news-and-events/ir-events. An online replay will also be available approximately two hours following the call. A telephone replay of the call will be available for 7 days after the live broadcast, and may be accessed by dialing: United States 1-877-482-6144, International +44(0)20-7136-9233, United Kingdom 0-800-032- 9687. The Passcode for the replay is 635 176 28.
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, share-based compensation, certain business combination accounting entries, amortization of discount on long term debt, re-organization expenses, tax adjustment re non-GAAP adjustments and tax reform and ASC 606 to ASC 605 adjustments. The purpose of such adjustments is to give an indication of our performance exclusive of noncash charges and other items that are considered by management to be outside of our core operating results. 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. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Business combination accounting rules requires us to recognize a legal performance obligation related to a revenue arrangement of an acquired entity. The amount assigned to that liability should be based on its fair value at the date of acquisition. The non-GAAP adjustment is intended to reflect the full amount of such revenue. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business. We believe these non-GAAP financial measures provide consistent and comparable measures to help investors understand our current and future operating cash flow performance. 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.
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 Yisca Erez, +972 9 775-3798, [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 competition, success and growth of the Company's cloud Software-as-a-Service business, cyber security attacks or other security breaches against the Company, privacy concerns and legislation impacting the Company's business, the Company's dependency on fourth-party cloud computing platform providers, hosting facilities and service partners, changes in general economic and business conditions, rapidly changing technology, changes in currency exchange rates and interest rates, difficulties in making additional acquisitions or effectively integrating acquired operations, products, technologies and personnel, successful execution of the Company's growth strategy, the effects of tax reforms and of newly enacted or modified laws, regulation or standards on the Company and its products, and 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 CONSOLIDATED STATEMENTS OF INCOME
U.S. dollars in thousands (except per share amounts)
| Quarter ended December 31, |
Year ended December 31, |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | 2017 | 2018 | 2017 | ||||||||
| Unaudited | Unaudited | Audited | Audited | ||||||||
| Revenue: | |||||||||||
| Product | \$ | 92,941 | \$ | 114,822 | \$ | 263,805 | \$ | 318,946 | |||
| Services | 186,073 | 175,947 | 719,531 | 652,040 | |||||||
| Cloud | 131,815 | 101,466 | 461,183 | 361,166 | |||||||
| Total revenue | 410,829 | 392,235 | 1,444,519 | 1,332,152 | |||||||
| Cost of revenue: | |||||||||||
| Product | 7,679 | 11,397 | 31,065 | 51,065 | |||||||
| Services | 59,087 | 59,128 | 229,671 | 225,020 | |||||||
| Cloud | 69,389 | 53,436 | 236,079 | 192,588 | |||||||
| Total cost of revenue | 136,155 | 123,961 | 496,815 | 468,673 | |||||||
| Gross profit | 274,674 | 268,274 | 947,704 | 863,479 | |||||||
| Operating expenses: | |||||||||||
| Research and development, net | 46,807 | 50,132 | 183,830 | 181,107 | |||||||
| Selling and marketing | 100,421 | 107,070 | 370,659 | 361,328 | |||||||
| General and administrative | 46,275 | 37,313 | 153,323 | 129,071 | |||||||
| Amortization of acquired intangible assets | 10,764 | 10,583 | 42,276 | 41,902 | |||||||
| Total operating expenses | 204,267 | 205,098 | 750,088 | 713,408 | |||||||
| Operating income | 70,407 | 63,176 | 197,616 | 150,071 | |||||||
| Finance and other expense, net | 1,829 | 3,698 | 10,901 | 20,411 | |||||||
| Income before tax | 68,578 | 59,478 | 186,715 | 129,660 | |||||||
| Taxes on income (Tax benefits) | 6,284 | (19,910) | 27,377 | (13,631) | |||||||
| Net income | \$ | 62,294 | \$ | 79,388 | \$ | 159,338 | \$ | 143,291 | |||
| Basic earnings per share | \$ | 1.01 | \$ | 1.30 | \$ | 2.60 | \$ | 2.37 | |||
| Diluted earnings per share | \$ | 0.98 | \$ | 1.27 | \$ | 2.52 | \$ | 2.31 | |||
| Weighted average number of shares outstanding used to compute: |
|||||||||||
| Basic earnings per share | 61,824 | 60,861 | 61,387 | 60,444 | |||||||
| Diluted earnings per share | 63,760 | 62,534 | 63,309 | 62,119 |
NICE LTD. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP RESULTS AND ASC 606 TO NON-GAAP ASC 605
U.S. dollars in thousands (except per share amounts)
| Quarter ended | Year ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| December 31, | December 31, | ||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||
| GAAP revenues | \$ | 410,829 | \$ | 392,235 | \$ 1,444,519 | \$ 1,332,152 | |||
| Valuation adjustment on acquired deferred product revenue Valuation adjustment on acquired deferred services revenue |
- 44 |
15 752 |
97 632 |
317 4,667 |
|||||
| Valuation adjustment on acquired deferred cloud revenue | 2,550 | 2,760 | 8,181 | 8,754 | |||||
| ASC 606 to ASC 605 revenue adjustment | 6,467 | - | 9,242 | - | |||||
| Non-GAAP revenues | \$ | 419,890 | \$ | 395,762 | \$ 1,462,671 | \$ 1,345,890 | |||
| GAAP cost of revenue | \$ | 136,155 | \$ | 123,961 | \$ | 496,815 | \$ | 468,673 | |
| Amortization of acquired intangible assets on cost of product | (870) | (5,296) | (5,889) | (23,782) | |||||
| Amortization of acquired intangible assets on cost of services | (1,778) | (987) | (5,111) | (6,341) | |||||
| Amortization of acquired intangible assets on cost of cloud | (15,504) | (12,646) | (53,901) | (46,352) | |||||
| Valuation adjustment on acquired deferred cost of cloud | 929 | 353 | 2,183 | 1,486 | |||||
| Cost of product revenue adjustment (1) | (113) | (189) | (360) | (683) | |||||
| Cost of services revenue adjustment (1,3) | (1,867) | (2,071) | (7,629) | (7,696) | |||||
| Cost of cloud revenue adjustment (1,3) | (888) | (833) | (4,654) | (2,965) | |||||
| ASC 606 to ASC 605 cost of revenue adjustment | 14 | - | 664 | - | |||||
| Non-GAAP cost of revenue | \$ | 116,078 | \$ | 102,292 | \$ | 422,118 | \$ | 382,340 | |
| GAAP gross profit | \$ | 274,674 | \$ | 268,274 | \$ | 947,704 | \$ | 863,479 | |
| Gross profit adjustments | 29,138 | 25,196 | 92,849 | 100,071 | |||||
| Non-GAAP gross profit | \$ | 303,812 | \$ | 293,470 | \$ 1,040,553 | \$ | 963,550 | ||
| GAAP operating expenses Research and development (1,3) |
\$ | 204,267 (1,648) |
\$ | 205,098 (2,394) |
\$ | 750,088 (8,425) |
\$ | 713,408 (9,045) |
|
| Sales and marketing (1,3) | (5,371) | (6,083) | (27,650) | (23,243) | |||||
| General and administrative (1,2,3) | (8,584) | (4,983) | (23,740) | (12,010) | |||||
| Amortization of acquired intangible assets | (10,764) | (10,583) | (42,276) | (41,902) | |||||
| Valuation adjustment on acquired deferred commission | 322 | - | 443 | - | |||||
| ASC 606 to ASC 605 operating expenses adjustment | 6,940 | - | 13,483 | - | |||||
| Non-GAAP operating expenses | \$ | 185,162 | \$ | 181,055 | \$ | 661,923 | \$ | 627,208 | |
| GAAP finance & other expense, net | \$ | 1,829 | \$ | 3,698 | \$ | 10,901 | \$ | 20,411 | |
| Amortization of discount on long-term debt | (2,179) | (2,149) | (8,670) | (13,547) | |||||
| Non-GAAP finance & other expense (income), net | \$ | (350) | \$ | 1,549 | \$ | 2,231 | \$ | 6,864 | |
| GAAP taxes on income | \$ | 6,284 | \$ | (19,910) | \$ | 27,377 | \$ | (13,631) | |
| Tax adjustments re non-GAAP adjustments | 18,939 | 15,373 | 53,352 | 57,671 | |||||
| Tax reform adjustment | - | 30,923 | - | 30,923 | |||||
| Tax adjustment re ASC 606 to ASC 605 | (94) | - | (1,029) | - | |||||
| Non-GAAP taxes on income | \$ | 25,129 | \$ | 26,386 | \$ | 79,700 | \$ | 74,963 | |
| GAAP net income | \$ | 62,294 | \$ | 79,388 | 159,338 | \$ | 143,291 | ||
| Valuation adjustment on acquired deferred revenue | 2,594 | 3,527 | 8,910 | 13,738 | |||||
| Valuation adjustment on acquired deferred cost of cloud revenue | (929) | (353) | (2,183) | (1,486) | |||||
| Amortization of acquired intangible assets | 28,916 | 29,512 | 107,177 | 118,377 | |||||
| Valuation adjustment on acquired deferred commission | (322) | - | (443) | - | |||||
| Share-based compensation (1) | 18,471 | 16,080 | 67,223 | 56,980 | |||||
| Re-organization expenses (2) | - | - | - | (3,067) | |||||
| Acquisition related expenses (3) Amortization of discount on long term debt |
- 2,179 |
473 2,149 |
5,235 8,670 |
1,729 13,547 |
|||||
| Tax adjustments re non-GAAP adjustments and tax reform | (18,939) | (46,296) | (53,352) | (88,594) | |||||
| ASC 606 to ASC 605 adjustments | (393) | - | (3,876) | - | |||||
| Non-GAAP net income | \$ | 93,871 | \$ | 84,480 | \$ | 296,699 | \$ | 254,515 | |
| GAAP diluted earnings per share | \$ | 0.98 | \$ | 1.27 | \$ | 2.52 | \$ | 2.31 | |
| Non-GAAP diluted earnings per share | \$ | 1.47 | \$ | 1.35 | \$ | 4.69 | \$ | 4.10 | |
| Shares used in computing GAAP diluted earnings per share | 63,760 | 62,534 | 63,309 | 62,119 | |||||
| Shares used in computing non-GAAP diluted earnings per share | 63,760 | 62,534 | 63,309 | 62,119 |
NICE LTD. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP RESULTS AND ASC 606 TO NON-GAAP ASC 605 (continued) U.S. dollars in thousands
(1) Share-based Compensation
| Quarter ended December 31, |
Year ended December 31, |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of product revenue | 2018 | 2017 | 2018 | 2017 | ||||||
| \$ | (113) | \$ | (189) | \$ | (360) | \$ | (683) | |||
| Cost of services revenue | (1,867) | (2,064) | (7,629) | (7,689) | ||||||
| Cost of cloud revenue | (888) | (833) | (3,020) | (2,965) | ||||||
| Research and development | (1,648) | (2,387) | (7,354) | (9,038) | ||||||
| Sales and marketing | (5,371) | (6,022) | (27,455) | (23,107) | ||||||
| General and administrative | (8,584) | (4,585) | (21,405) | (13,498) | ||||||
| \$ | (18,471) | \$ | (16,080) | \$ | (67,223) | \$ | (56,980) |
(2) Re-organization expenses
| Quarter ended December 31, |
Year ended December 31, |
||||
|---|---|---|---|---|---|
| 2018 | 2017 | 2018 | 2017 | ||
| General and administrative | \$ - |
\$ - |
\$ - |
\$ | 3,067 |
| \$ - |
\$ - |
\$ - |
\$ | 3,067 |
(3) Acquisition related expenses
| Quarter ended December 31, |
Year ended December 31, |
|||||||
|---|---|---|---|---|---|---|---|---|
| 2018 | 2017 | 2018 | 2017 | |||||
| Cost of service revenue | \$ | - | \$ | (7) | \$ | - | \$ | (7) |
| Cost of cloud revenue | - | - | (1,634) | - | ||||
| Research and development | - | (7) | (1,071) | (7) | ||||
| Sales and marketing | - | (61) | (195) | (136) | ||||
| General and administrative | - | (398) | (2,335) | (1,579) | ||||
| \$ | - | \$ | (473) | \$ | (5,235) | \$ | (1,729) |
NICE LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
| December 31, 2018 |
December 31, 2017 |
||||
|---|---|---|---|---|---|
| Audited | Audited | ||||
| ASSETS | |||||
| CURRENT ASSETS: | |||||
| Cash and cash equivalents | \$ 242,099 |
\$ | 328,302 | ||
| Short-term investments | 243,729 | 63,951 | |||
| Trade receivables | 287,963 | 230,729 | |||
| Prepaid expenses and other current assets | 87,450 | 70,074 | |||
| Total current assets | 861,241 | 693,056 | |||
| LONG-TERM ASSETS: | |||||
| Long-term investments | 244,998 | 132,820 | |||
| Property and equipment, net | 140,338 | 118,275 | |||
| Deferred tax assets | 12,309 | 11,850 | |||
| Other intangible assets, net | 508,232 | 551,347 | |||
| Goodwill | 1,366,206 | 1,318,242 | |||
| Other long-term assets | 74,042 | 19,496 | |||
| Total long-term assets | 2,346,125 | 2,152,030 | |||
| TOTAL ASSETS | \$ 3,207,366 |
\$ | 2,845,086 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
| CURRENT LIABILITIES: | |||||
| Trade payables | \$ 29,617 |
\$ | 29,438 | ||
| Deferred revenues and advances from customers | 221,387 | 184,564 | |||
| Accrued expenses and other liabilities | 373,908 | 309,350 | |||
| Total current liabilities | 624,912 | 523,352 | |||
| LONG-TERM LIABILITIES: | |||||
| Deferred revenues and advances from customers | 35,112 | 37,550 | |||
| Deferred tax liabilities | 44,140 | 57,796 | |||
| Long-term debt | 455,985 | 447,642 | |||
| Other long-term liabilities | 30,604 | 29,185 | |||
| Total long-term liabilities | 565,841 | 572,173 | |||
| SHAREHOLDERS' EQUITY | 2,016,613 | 1,749,561 | |||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | \$ 3,207,366 |
\$ | 2,845,086 |
NICE LTD. AND SUBSIDIARIES
CONSOLIDATED CASH FLOW STATEMENTS
U.S. dollars in thousands
| Quarter ended | Year ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Decemebr 31, | Decemebr 31, | ||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||
| Unaudited | Unaudited | Audited | Audited | ||||||
| Operating Activities | |||||||||
| Net income | \$ | 62,294 | \$ | 79,388 | \$ | 159,338 | \$ | 143,291 | |
| Depreciation and amortization | 42,859 | 40,992 | 157,142 | 156,301 | |||||
| Stock based compensation | 18,471 | 16,080 | 67,223 | 56,980 | |||||
| Amortization of premium and discount and accrued interest on marketable securities | (428) | 222 | (598) | 646 | |||||
| Deferred taxes, net | 2,882 | (36,696) | (30,172) | (70,884) | |||||
| Changes in operating assets and liabilities: | |||||||||
| Trade Receivables | (69,500) | (35,075) | (72,583) | 37,735 | |||||
| Prepaid expenses and other current assets | 2,609 | 6,856 | (29,852) | (6,839) | |||||
| Trade payables | 3,082 | 2,029 | (3,526) | 2,665 | |||||
| Accrued expenses and other current liabilities | 23,916 | 34,162 | 48,095 | 25,541 | |||||
| Deferred revenue | 20,941 | (23,552) | 92,768 | 41,624 | |||||
| Long term liabilities | (810) | (117) | (1,024) | (5,169) | |||||
| Amortization of discount on long term debt | 2,179 | 2,149 | 8,670 | 13,547 | |||||
| Other | 408 | 150 | 1,128 | (776) | |||||
| Net cash provided by operating activities | 108,903 | 86,588 | 396,609 | 394,662 | |||||
| Investing Activities | |||||||||
| Purchase of property and equipment | (9,921) | (8,467) | (31,442) | (39,889) | |||||
| Purchase of Investments | (145,033) | (37,406) | (429,500) | (133,423) | |||||
| Proceeds from Investments | 37,378 | 12,669 | 137,180 | 64,295 | |||||
| Capitalization of software development costs | (9,299) | (6,890) | (32,225) | (27,936) | |||||
| Payments for business acquisitions, net of cash acquired | 270 | (38,147) | (104,776) | (76,027) | |||||
| Net cash used in investing activities | (126,605) | (78,241) | (460,763) | (212,980) | |||||
| Financing Activities | |||||||||
| Proceeds from issuance of shares upon exercise of share options | 1,072 | 2,453 | 19,048 | 19,240 | |||||
| Purchase of treasury shares | (15,391) | (4,114) | (26,004) | (24,428) | |||||
| Dividends paid | - | - | - | (9,637) | |||||
| Capital Lease payments | (876) | - | (876) | (137) | |||||
| Repayment of long term debt | - | - | - | (260,000) | |||||
| Proceeds from issuance of exchangeable notes | - | - | - | 260,135 | |||||
| Repayment of short-term bank loan | - | - | (8,436) | - | |||||
| Net cash used in financing activities | (15,195) | (1,661) | (16,268) | (14,827) | |||||
| Effect of exchange rates on cash and cash equivalents | (1,174) | 687 | (5,781) | 4,421 | |||||
| Net change in cash and cash equivalents | (34,071) | 7,373 | (86,203) | 171,276 | |||||
| Cash and cash equivalents, beginning of period | 276,170 | 320,929 | 328,302 | 157,026 | |||||
| Cash and cash equivalents, end of period | \$ | 242,099 | \$ | 328,302 | \$ | 242,099 | \$ | 328,302 |
נייס מדווחת על סיום חזק של השנה עם צמיחה של 30% בהכנסות מענן ברבעון הרביעי של 2018
שיא בהכנסות וברווח התפעולי ברבעון הרביעי ובשנת 2018
הובוקן, ניו ג'רזי, 14 בפברואר, 2019 – נייס )נאסד"ק: NICE )פרסמה היום את התוצאות לרבעון הרביעי ולשנת 2018 שהסתיימו ב31- בדצמבר, .2018
עיקרי התוצאות לשנת :2018
| GAAP | Non-GAAP |
|---|---|
| בהשוואה | לאשתקד |
| ל 8% | בהשוואה |
| ר, גידול ש | ל 9% |
| מיליון דול | ר, גידול ש |
| של 1,445 | מיליון דול |
| שיא | 1,463 |
| הכנסות | שיא של |
| לאשתקד | הכנסות |
| מאשתקד ל 28% ר, גידול ש מיליון דול 461 ענן בסך הכנסות מ |
מאשתקד 27% ל ר, גידול ש מיליון דול 470 ענן בסך הכנסות מ |
| אשתקד | אשתקד |
| 64.8% | 71.6% |
| לעומת | לעומת |
| ל 65.6% | ל 71.1% |
| ח גולמי ש | ח גולמי ש |
| שיעור רוו | שיעור רוו |
| ר, מיליון דול 150 ל- בהשוואה ר מיליון דול ל 198 תפעולי ש שיא ברווח |
מיליון 336 ל- בהשוואה ר מיליון דול של 379 התפעולי שיא ברווח |
| מאשתקד 32% גידול של |
מאשתקד 13% ל של דולר, גידו |
| אשתקד | אשתקד |
| 11.3% | 25.0% |
| לעומת | לעומת |
| 13.7% | 25.9% |
| של | של |
| ח תפעולי | ח תפעולי |
| שיעור רוו | שיעור רוו |
| דולר | דולר |
| 2.31 | 4.10 |
| וואה ל- | וואה ל- |
| דולר בהש | דולר בהש |
| של 2.52 | של 4.69 |
| ילול מלא | ילול מלא |
| למניה בד | למניה בד |
| שיא ברווח | שיא ברווח |
| 9% | 14% |
| ידול של | ידול של |
| אשתקד, ג | אשתקד, ג |
| ר מיליון דול של 397 ת שוטפת ם מפעילו ים מזומני שיא בתזר |
עמודת ה- GAAP שבטבלה למעלה מכילה נתונים פיננסים נבחרים לשנת 2018 תחת התקינה החשבונאית 606 ASC עם נתוני השוואה לתקופה המקבילה אשתקד תחת התקינה החשבונאית 605 ASC.
עמודת ה- GAAP-non שבטבלה למעלה מכילה נתונים פיננסים נבחרים לשנת 2018 תחת התקינה החשבונאית 605 ASC עם נתוני השוואה לתקופה המקבילה אשתקד תחת התקינה החשבונאית 605 ASC.
עיקרי התוצאות לרבעון הרביעי של :2018
| GAAP | Non-GAAP |
|---|---|
| לאשתקד | לאשתקד |
| בהשוואה | בהשוואה |
| ל 5% | ל 6% |
| ר, גידול ש | ר, גידול ש |
| מיליון דול | מיליון דול |
| של 411 | 420 |
| שיא | שיא של |
| הכנסות | הכנסות |
| מאשתקד | מאשתקד |
| ל 30% | ל 29% |
| ר, גידול ש | ר, גידול ש |
| מיליון דול | מיליון דול |
| 132 | 134 |
| ענן בסך | ענן בסך |
| הכנסות מ | הכנסות מ |
| אשתקד | אשתקד |
| 68.4% | 74.2% |
| לעומת | לעומת |
| ל 66.9% | ל 72.4% |
| ח גולמי ש | ח גולמי ש |
| שיעור רוו | שיעור רוו |
| ר מיליון דול 63 ל- בהשוואה ר מיליון דול לי של 70 רווח תפעו |
ר מיליון דול 112 ל- בהשוואה ר מיליון דול של 119 התפעולי שיא ברווח |
| אשתקד | אשתקד |
| 16.1% | 28.4% |
| לעומת | לעומת |
| 17.1% | 28.3% |
| של | של |
| ח תפעולי | ח תפעולי |
| שיעור רוו | שיעור רוו |
| דולר | דולר |
| 1.27 | 1.35 |
| וואה ל- | וואה ל- |
| דולר בהש | דולר בהש |
| 0.98 | של 1.47 |
| מלא של | ילול מלא |
| ה בדילול | למניה בד |
| רווח למני | שיא ברווח |
| אשתקד | אשתקד |
| ל 26% ר, גידול ש מיליון דול 109 ת של ילות שוטפ מנים מפע תזרים מזו |
|
| מאשתקד |
עמודת ה- GAAP שבטבלה למעלה מכילה נתונים פיננסים נבחרים לרבעון הרביעי של 2018 תחת התקינה החשבונאית 606 ASC עם נתוני השוואה לתקופה המקבילה אשתקד תחת התקינה החשבונאית 605 ASC.
עמודת ה- GAAP-non שבטבלה למעלה מכילה נתונים פיננסים נבחרים לרבעון הרביעי של 2018 תחת התקינה החשבונאית 605 ASC עם נתוני השוואה לתקופה המקבילה אשתקד תחת התקינה החשבונאית 605 ASC. "אנו שמחים לסיים את השנה באקורד גבוה עם צמיחה גבוהה ותוצאות שיא", אמר ברק עילם, מנכ"ל נייס. "בשנת 2018 דיווחנו על צמיחה חזקה בענן וברווח התפעולי, גידול בהכנסות חוזרות מלקוחות )revenue recurring), המשך גידול בשיעור הרווח התפעולי ושיא בתזרים המזומנים מפעילות שוטפת".
מר עילם הוסיף, "אנו נכנסים לשנת 2019 עם מומנטום חזק בכל קווי העסקים שלנו המונע ע"י שתי הפלטפורמות הייחודיות שלנו ,הנכסים .Financial Crime and Compliance -ה לתחום X-Sight -ו Customer Engagement -ה לתחום CXone – ההשקעות ומובילות השוק שלנו בענן, אנליטיקס ובינה מלאכותית, מובילים אותנו קדימה ומספקים הזדמנויות עתידיות משמעותיות".
"בהסתכלות קדימה לעבר חמש השנים הבאות, המיצוב התחרותי החזק שלנו יאפשר לנו להתרחב במהירות משוק יעד של 7 מיליארד דולר היום לשוק יעד של 12 מיליארד דולר, להשאיר מאחור את רף שני מיליארד דולר הכנסות, לעבור את סף ה- 50% של הכנסות מענן, ולהשיג שיעור רווח תפעולי הגבוה מ- 30%".
כנס משקיעים
נייס תארח כנס משקיעים ב- 16 באפריל במסגרת Interactions, כנס הלקוחות השנתי בלאס וגאס. תוכנית מיוחדת עבור אנליסטים ומשקיעים תכלול פגישה עם הנהלת החברה, מצגות מלקוחות, מפגשי מוצרים וטכנולוגיות ותצוגת מוצרים. במידה ועדיין לא נרשמתם, אנא שלחו מייל ל- com.NICE@IR.
עיקרי התוצאות הפיננסיות )GAAP )לרבעון הרביעי ולשנת 2018 שהסתיימו ב- 31 בדצמבר:
נתוני ה- GAAP המוצגים למטה עבור הרבעון הרביעי ושנת 2018 מדווחים לפי 606 ASC ונתוני GAAP ההשוואתיים של הרבעון הרביעי ושנת 2017 מדווחים לפי 605 ASC.
הכנסות: ההכנסות ברבעון הרביעי של 2018 גדלו ב4.7%- ל- 410.8 מיליון דולר, לעומת 392.2 מיליון דולר ברבעון הרביעי של .2017 ההכנסות בשנת 2018 גדלו ב8.4%- ל- 1,444.5 מיליון דולר, לעומת 1,332.2 מיליון דולר בשנת .2017
רווח גולמי: הרווח הגולמי ברבעון הרביעי של 2018 גדל ל- 274.7 מיליון דולר לעומת 268.3 מיליון דולר ושיעור הרווח הגולמי הסתכם ב- ,66.9% לעומת 68.4% ברבעון הרביעי של .2017 הרווח הגולמי ושיעור הרווח הגולמי בשנת 2018 גדלו ל- 947.7 מיליון דולר ו- ,65.6% בהתאמה, לעומת 863.5 מיליון דולר ו- ,64.8% בהתאמה, בשנת .2017
רווח תפעולי: הרווח התפעולי ושיעור הרווח התפעולי ברבעון הרביעי של 2018 גדלו ל- 70.4 מיליון דולר ו- ,17.1% בהתאמה, לעומת 63.2 מיליון דולר ו- ,16.1% בהתאמה, ברבעון הרביעי של .2017 הרווח התפעולי ושיעור הרווח התפעולי בשנת 2018 גדלו ל- 197.6 מיליון דולר ו- ,13.7% בהתאמה, לעומת 150.1 מיליון דולר ו- ,11.3% בהתאמה, בשנת .2017
רווח נקי: הרווח הנקי ושיעור הרווח הנקי ברבעון הרביעי של 2018 הסתכמו ב- 62.3 מיליון דולר ו,15.2%- בהתאמה, לעומת 79.4 מיליון דולר ו- ,20.2% בהתאמה ברבעון הרביעי של .2017 הרווח הנקי ושיעור הרווח הנקי בשנת 2018 גדלו ל- 159.3 מיליון דולר ו- ,11.0% בהתאמה, לעומת 143.3 מיליון דולר ו- 10.8% בשנת .2017
רווח למניה בדילול מלא: הרווח למניה בדילול מלא ברבעון הרביעי של 2018 הסתכם ב- 0.98 דולר לעומת 1.27 דולר ברבעון הרביעי של .2017 הרווח למניה בדילול מלא בשנת 2018 גדל ל- 2.52 דולר לעומת 2.31 דולר בשנת .2017
תזרים המזומנים מפעילות שוטפת ויתרת מזומנים: תזרים המזומנים מפעילות שוטפת ברבעון הרביעי של 2018 היה 108.9 מיליון דולר. בשנת 2018 תזרים המזומנים מפעילות שוטפת הסתכם ב- 396.6 מיליון דולר. ברבעון הרביעי 15.4 מיליון דולר שימשו לרכישה חוזרת של מניות ו- 26.0 מיליון דולר בשנת .2018 נכון ל31- בדצמבר ,2018 יתרות המזומנים ושווי המזומנים, וכן השקעות לטווח קצר וארוך הסתכמו ב- 730.8 מיליון דולר. סך החוב הסתכם ב- 456.0 מיליון דולר.
עיקרי התוצאות הפיננסיות )GAAP-Non )לרבעון הרביעי ולשנת 2018 שהסתיימו ב- 31 בדצמבר:
נתוני ה- GAAP-non המוצגים למטה עבור הרבעון הרביעי ושנת 2018 ונתוני GAAP-non ההשוואתיים של הרבעון הרביעי ושנת 2017 מדווחים לפי 605 ASC.
הכנסות: ההכנסות )GAAP-Non )ברבעון הרביעי של 2018 גדלו ל- 419.9 מיליון דולר, גידול של 6.1% לעומת 395.8 מיליון דולר ברבעון הרביעי של .2017 סך ההכנסות )GAAP-Non )בשנת 2018 צמחו ב8.7%- ל- 1,462.7 מיליון דולר לעומת 1,345.9 מיליון דולר בשנת .2017
רווח גולמי: הרווח הגולמי )GAAP-Non )ברבעון הרביעי של 2018 גדל ל- 303.8 מיליון דולר לעומת 293.5 מיליון דולר ברבעון הרביעי של .2017 שיעור הרווח הגולמי )GAAP-Non )ברבעון הרביעי של 2018 היה 72.4% לעומת 74.2% ברבעון הרביעי של .2017
הרווח הגולמי )GAAP-Non )בשנת 2018 גדל ל- 1,040.6 מיליון דולר לעומת 963.5 מיליון דולר ושיעור הרווח הגולמי )-non GAAP )הסתכם ב71.1%- לעומת 71.6% בתקופה המקבילה אשתקד.
רווח תפעולי: הרווח התפעולי )GAAP-Non )ברבעון הרביעי של 2018 גדל ל- 118.7 מיליון דולר לעומת 112.4 מיליון דולר ברבעון הרביעי של .2017 שיעור הרווח התפעולי )GAAP-Non )הסתכם ל- 28.3% לעומת 28.4% ברבעון הרביעי של .2017 הרווח התפעולי )GAAP-Non )ושיעור הרווח התפעולי )GAAP-non )בשנת 2018 גדלו ל- 378.6 מילון דולר ו- ,25.9% בהתאמה, לעומת 336.3 מיליון דולר ו- ,25.0% בהתאמה, בשנת .2017
רווח נקי: הרווח הנקי )GAAP-Non )ושיעור הרווח הנקי )GAAP-Non )ברבעון הרביעי של 2018 גדלו ל- 93.9 מיליון דולר ו- ,22.4% בהתאמה, לעומת 84.5 מיליון דולר ו- 21.3% בהתאמה ברבעון הרביעי של .2017 הרווח הנקי )GAAP-Non )ושיעור הרווח הנקי )GAAP-non )בשנת 2018 גדלו ל- 296.7 מילון דולר ו- ,20.3% בהתאמה, לעומת 254.5 מיליון דולר ו- ,18.9% בהתאמה, בשנת .2017
רווח למניה בדילול מלא: הרווח )GAAP-Non )למניה בדילול מלא ברבעון הרביעי של 2018 גדל ב- 8.9% ל- 1.47 דולר לעומת 1.35 דולר ברבעון הרביעי של .2017 הרווח )GAAP-Non )למניה על בסיס דילול מלא בשנת 2018 גדל ב- 14.4% ל- 4.69 דולר לעומת 4.10 דולר בשנת .2017
תחזית לרבעון הראשון ולשנת :2019
החל מה- 1 לינואר 2018 נייס אימצה את התקינה החשבונאית 606 ASC לפי השיטה הרטרוספקטיבית המתואמת. החל מינואר 2019 התחזית, כמו גם כל התוצאות הכספיות של הרבעונים ושנת 2019 כולה, ידווחו לפי התקינה החשבונאית 606 ASC. התוצאות הכספיות במהלך 2019 יושוו לתוצאות 2018 תחת התקינה החשבונאית 606 ASC.
הרבעון הראשון של :2019 סך ההכנסות )GAAP-Non )ברבעון הראשון של ,2019 צפוי להסתכם ב- 370 מיליון דולר עד 380 מיליון דולר )2018 GAAP-non: 337.6 מיליון דולר(.
הרווח )GAAP-Non )למניה בדילול מלא ברבעון הראשון של 2019 צפוי להיות בטווח של 1.05 דולר עד 1.15 דולר )2018 .)דולר 0.97 :non-GAAP
שנת :2019סך ההכנסות )GAAP-Non )בשנת 2019 צפוי להסתכם ב- 1,558 מיליון דולר עד 1,582 מיליון דולר )שנת 2018 GAAP-non: 1,453.4 מיליון דולר(.
הרווח )GAAP-Non )למניה בדילול מלא בשנת 2019 צפוי להיות בטווח של 5.08 דולר עד 5.28 דולר )שנת 2018 -non GAAP: 4.75 דולר(.
שיחת ועידה לדיון בתוצאות הרבעוניות
הנהלת נייס תארח שיחת ועידה לדיון בתוצאות הפיננסיות ובתחזית החברה היום, 14 בפברואר, ,2019 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: 1-866-804-8688 או .+1-718-354-1175 ממדינות אחרות 1296-480-100(0)+44; מבריטניה 0-800- 783-0906; מישראל: .1-809-344-364 קוד הכניסה הוא 84 622 .990 מספרי גישה נוספים מוצגים ב- attended_54=bid?/globalaccess/com.btconferencing.www://http. השיחה תשודר באינטרנט בשידור חי באתר .השיחה אחרי כשעתיים להאזנה זמינה ותהיה http://www.nice.com/news-and-events/ir-eventsבכתובת החברה הקלטה של השיחה תעמוד לרשות המעוניינים למשך 7 ימים אחרי השידור החי וניתן להאזין לה באמצעות חיוג המספר 1-877- 482-6144 מארה"ב, 20-7136-9233(0)+44 ממדינות אחרות ו0-800-032-9687- מבריטניה. קוד הכניסה להקלטה הוא .635 176 28
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 ובין התוצאות המדווחת על בסיס התקנים החשבונאיים ASC 605 ו – ASC .606
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 competition, success and growth of the Company's cloud Software-as-a-Service business, cyber security attacks or other security breaches against the Company, privacy concerns and legislation impacting the Company's business, the Company's dependency on fourth-party cloud computing platform providers, hosting facilities and service partners, changes in general economic and business conditions, rapidly changing technology, changes in currency exchange rates and interest rates, difficulties in making additional acquisitions or effectively integrating acquired operations, products, technologies and personnel, successful execution of the Company's growth strategy, the effects of tax reforms and of newly enacted or modified laws, regulation or standards on the Company and its products, and 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.
לפרטים נוספים ניתן ליצור קשר עם: יעל ארנון, שרף תקשורת ,052-720-2703 com.scherfcom@yaela