Nice Ltd. — Interim / Quarterly Report 2014

Nov 5, 2014

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SEC U RITIES AN D EXCHAN G E COMMIS S ION WASH I NGTON, D. C . 20549

FORM 6-K

R E PORT OF F O REIGN PR I VATE ISSU E R PU R SUANT TO RULE 13A- 1 6 OR 15D-1 6 OF TH E SECURITI E S EXCHAN G E ACT OF 1 934 For the month of November 2 0 14 (Report N o . 2)

Commissi o n File Numb e r: 0-27466 NIC E -SYSTEMS LTD. ( T ranslation of R egistrant's N ame into English)

22 Zar h in Street, P. O . Box 4122, R a'anana 4362 2 , Israel (Address o f Principal Ex e cutive Offic e s)

Ind i cate by check mark w h ether the r e gistrant fil e s or will file annual re p orts under cover of F o rm 20-F or For m 40-F.

Form 20 - F  For m 40-F 

Ind i cate by check mark if t he registra n t is submit t ing the For m 6-K in p a per as per m itted by R e gulation S-T Rul e 101(b)(1) : ____

Ind i cate by check mark if t he registra n t is submit t ing the For m 6-K in p a per as per m itted by R e gulation S-T Rul e 101(b)(7) : ____

NICE Systems Ltd . 22 Za r hin Street, P.O. B . 4122, Ra’anan a 43622, Israel Tel: 972-9-775-37 7 7 Fax: 972-9 - 743-7446 ww w .nice.com

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-SYSTEMS LTD.`S (“NICE”) REGISTRATION STATEMENTS ON FORM S-8 ((REGISTRATION STATEMENT NOS. 333-06784, 333-08146, 333-11842, 333-09350, 333-11154, 333-111112, 333-111113, 333-134355, 333-144589, 333-145981, 333-153230, 333-162110, 333-162795, 333-166364, 333-168100, 333-171165, 333-179408, 333-181375 and 333-191176), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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 9% Increase in Non-GAAP Revenues to $250 Million and 13% Increase in Non-GAAP EPS to $0.70 for the Third Quarter of 2014, Dated November 5, 2014

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-SYSTEMS LTD.

By: /s/ Yechiam Cohen Name: Yechiam Cohen Title: General Counsel

Dated November 5, 2014

EXHIBIT INDEX

99.1 Press Release: NICE Reports 9% Increase in Non-GAAP Revenues to $250 Million and 13% Increase in Non-GAAP EPS to $0.70 for the Third Quarter of 2014, Dated November 5, 2014

NICE Reports 9% Increase in Non-GAAP Revenues to $250 Million and 13% Increase in Non-GAAP EPS to $0.70 for the Third Quarter of 2014

Ra’anana, Israel, November 5, 2014 - NICE Systems (NASDAQ: NICE) today announced results for the third quarter ended September 30, 2014.

“We are very pleased with our strong performance for the third quarter,” said Barak Eilam, CEO of NICE. “These results reflect the initial impact of the plan we began to execute in the second quarter of this year. This plan included a focus on improving execution, streamlining the business and increasing profitability. We have made good progress so far - organic growth accelerated and profitability improved. Additionally, analytic applications, which are at the core of our strategy, continue to perform well.

“We are in the right markets at the right time as demand around the key drivers of our business, including customer experience, compliance and regulation and security, continues to be strong from organizations worldwide. With continued robust demand for our products and a solid pipeline, we believe we are well positioned for a strong finish to the year.”

Dividend Declaration

The company declared a cash dividend for the third quarter of 2014 of $0.16 per share. The record date will be November 17[th] , 2014 and the payment date will be December 2[nd] , 2014. Tax will be withheld at a rate of 15%.

Non-GAAP Financial Highlights for the Third Quarter Ended September 30:

Revenues: Third quarter 2014 non-GAAP total revenues were $250.0 million, up 8.6% from $230.1 million for the third quarter of 2013.

Gross Profit: Third quarter 2014 non-GAAP gross profit increased to $162.6 from $151.2 million in the third quarter of 2013. Non-GAAP gross margin was 65.0% compared to 65.7% in the third quarter of 2013.

Operating Income: Third quarter 2014 non-GAAP operating income and non-GAAP operating margin increased to $47.0 million and 18.8%, respectively, from $42.2 million and 18.4%, respectively for the third quarter of 2013.

Net Income: Third quarter 2014 non-GAAP net income and non-GAAP net margin increased to $42.5 million and 17.0%, respectively, from $38.2 million and 16.6%, respectively for the third quarter of 2013.

Fully Diluted Earnings per Share: Third quarter 2014 non-GAAP fully diluted earnings per share increased 12.9% to $0.70, compared to $0.62 for the third quarter of 2013.

GAAP Financial Highlights for the Third Quarter Ended September 30:

Revenues: Third quarter 2014 total revenues increased 8.7% to $249.9 million compared to $229.9 million for the third quarter of 2013.

Gross Profit: Third quarter 2014 gross profit and gross margin increased to $153.9 million and 61.6%, respectively, compared to $139.3 million and 60.6%, respectively in the third quarter of 2013.

Operating Income: Third quarter 2014 operating income and operating margin increased to $24.9 million and 10.0%, respectively, compared to $15.8 million and 6.9%, respectively in the third quarter of 2013.

Net Income: Third quarter 2014 net income and net margin were $26.9 million and 10.8%, respectively, compared to a loss of $3.7 million in the third quarter of 2013.

Fully Diluted Earnings per Share: Fully diluted earnings per share for the third quarter of 2014 were $0.44 compared to fully diluted loss per share of $0.06 for the third quarter of 2013.

Operating Cash Flow and Cash Balance: Third quarter 2014 operating cash flow was $33.8 million. In the third quarter, $32.4 million was used for share repurchases and $9.4 million for dividends. As of September 30, 2014, total cash and cash equivalents, and short and long term investments were $449.2 million, with no debt.

Fourth Quarter and Full Year 2014 Guidance:

Fourth Quarter 2014: Fourth quarter 2014 non-GAAP total revenues are expected to be in a range of $285 million to $300 million. Fourth quarter 2014 non-GAAP fully diluted earnings per share are expected to be in a range of $0.89 to $1.01

Full Year 2014: Full year 2014 non-GAAP total revenues are expected to be in a range of $1,003 million to $1,018 million. Full year 2014 non-GAAP fully diluted earnings per share are expected to be in a range of $2.73 to $2.85.

Quarterly Results Conference Call

NICE management will host its earnings conference call today, November 5[th] , 2014 at 8:30 AM EDT, 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 1-809-242-041. The Passcode is 235 027 71. 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 0-800-0329687. The Passcode for the replay is 70546353.

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, re-organization expenses, restructuring expenses, share-based compensation, certain business combination accounting entries, tax settlement and “trapped profits” release one time payment and tax adjustments re Non-GAAP 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 nonGAAP 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 nonGAAP 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 Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE’s solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies. www.nice.com.

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

Investors

Marty Cohen, +1 212 574 3635, ir@nice.com, ET

Yisca Erez, +972 9 775-3798, ir@nice.com, CET

Media Contact

Erik Snider, +1 877 245 7448, erik.snider@nice.com

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Messer Eilam, are based on the current expectations of the management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company’s customer base (particularly financial services firms) and the resulting uncertainties; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME

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

Revenue:ProductServicesTotal revenueCost of revenue:ProductServicesTotal cost of revenueGross profitOperating Expenses:Research and development, netSelling and marketingGeneral and administrativeAmortization of acquired intangible assetsRestructuring expensesTotal operating expensesOperating incomeFinance and other income, netIncome before taxes on incomeTaxes on income (tax benefit)Net income (loss)Basic earnings (loss) per shareDiluted earnings (loss) per shareWeighted average number of sharesoutstanding used to compute:Basic earnings (loss) per shareDiluted earnings (loss) per share	Revenue:ProductServicesTotal revenueCost of revenue:ProductServicesTotal cost of revenueGross profitOperating Expenses:Research and development, netSelling and marketingGeneral and administrativeAmortization of acquired intangible assetsRestructuring expensesTotal operating expensesOperating incomeFinance and other income, netIncome before taxes on incomeTaxes on income (tax benefit)Net income (loss)Basic earnings (loss) per shareDiluted earnings (loss) per shareWeighted average number of sharesoutstanding used to compute:Basic earnings (loss) per shareDiluted earnings (loss) per share	Revenue:ProductServicesTotal revenueCost of revenue:ProductServicesTotal cost of revenueGross profitOperating Expenses:Research and development, netSelling and marketingGeneral and administrativeAmortization of acquired intangible assetsRestructuring expensesTotal operating expensesOperating incomeFinance and other income, netIncome before taxes on incomeTaxes on income (tax benefit)Net income (loss)Basic earnings (loss) per shareDiluted earnings (loss) per shareWeighted average number of sharesoutstanding used to compute:Basic earnings (loss) per shareDiluted earnings (loss) per share	Revenue:ProductServicesTotal revenueCost of revenue:ProductServicesTotal cost of revenueGross profitOperating Expenses:Research and development, netSelling and marketingGeneral and administrativeAmortization of acquired intangible assetsRestructuring expensesTotal operating expensesOperating incomeFinance and other income, netIncome before taxes on incomeTaxes on income (tax benefit)Net income (loss)Basic earnings (loss) per shareDiluted earnings (loss) per shareWeighted average number of sharesoutstanding used to compute:Basic earnings (loss) per shareDiluted earnings (loss) per share	Revenue:ProductServicesTotal revenueCost of revenue:ProductServicesTotal cost of revenueGross profitOperating Expenses:Research and development, netSelling and marketingGeneral and administrativeAmortization of acquired intangible assetsRestructuring expensesTotal operating expensesOperating incomeFinance and other income, netIncome before taxes on incomeTaxes on income (tax benefit)Net income (loss)Basic earnings (loss) per shareDiluted earnings (loss) per shareWeighted average number of sharesoutstanding used to compute:Basic earnings (loss) per shareDiluted earnings (loss) per share	20142013UnauditedUnaudited91,383$ 86,127$ 158,558143,736249,941229,86329,60828,64266,47461,92096,08290,562153,859139,30136,92934,53662,04558,27723,22422,8654,5447,5912,176211128,918123,48024,94115,82182380625,76416,627(1,128)20,33526,892$ (3,708)$ 0.46$ (0.06)$ 0.44$ (0.06)$ 58,93960,49760,47560,497Quarter endedSeptember 30,	20142013UnauditedUnaudited91,383$ 86,127$ 158,558143,736249,941229,86329,60828,64266,47461,92096,08290,562153,859139,30136,92934,53662,04558,27723,22422,8654,5447,5912,176211128,918123,48024,94115,82182380625,76416,627(1,128)20,33526,892$ (3,708)$ 0.46$ (0.06)$ 0.44$ (0.06)$ 58,93960,49760,47560,497Quarter endedSeptember 30,	20142013UnauditedUnaudited91,383$ 86,127$ 158,558143,736249,941229,86329,60828,64266,47461,92096,08290,562153,859139,30136,92934,53662,04558,27723,22422,8654,5447,5912,176211128,918123,48024,94115,82182380625,76416,627(1,128)20,33526,892$ (3,708)$ 0.46$ (0.06)$ 0.44$ (0.06)$ 58,93960,49760,47560,497Quarter endedSeptember 30,	Year to dateSeptember 30,
	e:vennmdnnge				September 30,
					2014Unaudited		20Unau	20142013UnauditedUnaudited256,322$ 260,895$ 461,200418,170717,522679,06587,83485,146191,980177,268279,814262,414437,708416,651110,49297,597186,191176,77965,16764,46616,38423,8665,552211383,786362,91953,92253,7322,1253,01056,04756,7423,04725,68353,000$ 31,059$ 0.89$ 0.51$ 0.87$ 0.50$ 59,50060,41361,01261,855
					91,$
						383	8$
					158,	558	14
		enueses:d development, narketingadministrativeof acquired intanexpensesxpenseseer income, netxes on incomee (tax benefit)	etgible assets		249,	941	22
					29,66,
						608	2
						474082859929045224544176918	6
					96,		9
					153,36,62,23,4,2,		13352
					128,		12
	m				24,	41	1
	hta					823764
					25,(1,		1
	m					128)	2
					26,892$ 0.46$ 0.44$ 58,93960,475

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

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

GAAP revenuesValuation adjustment on acquired deferred product revenueValuation adjustment on acquired deferred service revenueNon-GAAP revenuesGAAP cost of revenueAmortization of acquired intangible assets on cost of productAmortization of acquired intangible assets on cost of servicesValuation adjustment on acquired deferred cost of servicesCost of product revenue adjustment (1,2,4)Cost of services revenue adjustment (1,2,3)Non-GAAP cost of revenueGAAP gross profitGross profit adjustmentsNon-GAAP gross profitGAAP operating expensesResearch and development (1,2,3)Sales and marketing (1,2,3)General and administrative (1,2,3)Amortization of acquired intangible assetsAcquisition related expenses (4)Restructuring expensesNon-GAAP operating expensesGAAP finance & other income, netAcquisition related expenses (4)Amortization of an investment in affiliateNon-GAAP finance & other income, netGAAP taxes on income"Trapped profits" one time payment and tax settlementTax adjustments re non-GAAP adjustmentsNon-GAAP taxes on incomeGAAP net income (loss)Valuation adjustment on acquired deferred revenueValuation adjustment on acquired deferred cost of servicesAmortization of acquired intangible assetsShare-based compensation (1)Re-organization expenses (2)Acquisition related compensation expense (3)Acquisition related expenses (4)Restructuring expensesAmortization of an investment in affiliateTax settlement and "trapped profits" release one time paymentTax adjustments re non-GAAP adjustmentsNon-GAAP net incomeGAAP diluted earnings (loss) per shareNon-GAAP diluted earnings per shareShares used in computing GAAP diluted earnings (loss) per shareShares used in computing Non-GAAP diluted earnings per share	20142013249,941$ 229,863$ -1032238249,973$ 230,111$ 96,082$ 90,562$ (7,631)(9,403)-(977)-9(328)(161)(708)(1,163)87,415$ 78,867$ 153,859$ 139,301$ 8,69911,943162,558$ 151,244$ 128,918$ 123,480$ (145)(860)(3,331)(2,778)(3,182)(1,954)(4,544)(7,591)-(1,091)(2,176)(211)115,540$ 108,995$ 823$ 806$ -126180-1,003$ 932$ (1,128)$ 20,335$ -(19,189)6,6723,7865,544$ 4,932$ 26,892$ (3,708)$ 32248-(9)12,17517,9717,6946,732-193-(13)-1,2212,176211180--19,189(6,672)(3,786)42,477$ 38,249$ 0.44$ (0.06)$ 0.70$ 0.62$ 60,47560,49760,47561,979Quarter endedSeptember 30,	Year to dateSeptember 30,
	2014249,941$ -32249,973$ 96,082$ (7,631)--(328)(708)87,415$ 153,859$ 8,699162,558$ 128,918$ (145)(3,331)(3,182)(4,544)-(2,176)115,540$ 823$ -1801,003$ (1,128)$ -6,6725,544$ 26,892$ 32-12,1757,694---2,176180-(6,672)42,477$ 0.44$ 0.70$ 60,47560,475	20142013717,522$ 679,065$ -117677832718,199$ 680,014$ 279,814$ 262,414$ (25,353)(28,209)(327)(2,947)-18(525)(406)(3,750)(3,109)249,859$ 227,761$ 437,708$ 416,651$ 30,63235,602468,340$ 452,253$ 383,786$ 362,919$ (2,073)(1,940)(10,574)(7,065)(10,391)(6,028)(16,384)(23,866)(220)(1,091)(5,552)(211)338,592$ 322,718$ 2,125$ 3,010$ -126361-2,486$ 3,136$ 3,047$ 25,683$ -(19,189)17,23412,85020,281$ 19,344$ 53,000$ 31,059$ 677949-(18)42,06455,02222,60217,9744,711553-172201,2215,552211361--19,189(17,234)(12,850)111,953$ 113,327$ 0.87$ 0.50$ 1.83$ 1.83$ 61,01261,85561,01261,855

NICE SYSTEMS LTD. AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP RESULTS (continued) U.S. dollars in thousands

(1) Share-based Compensation

Share-based Compensation
Cost of product revenueCost of service revenueResearch and developmentSales and marketingGeneral and administrative	20142013(328)$ (157)$ (708)(1,163)(145)(876)(3,331)(2,593)(3,182)(1,943)(7,694)$ (6,732)$ September 30,Quarter ended	September 30,Year to date
	2014(328)$ (708)(145)(3,331)(3,182)(7,694)$	20142013(525)$ (397)$ (3,114)(2,986)(2,015)(1,927)(9,955)(6,754)(6,993)(5,910)(22,602)$ (17,974)$

(2) Re-organization expenses

Re-organization expenses
Cost of product revenueCost of service revenueResearch and developmentSales and marketingGeneral and administrative	20142013-$ -$ -----(182)-(11)-$ (193)$ Quarter endedSeptember 30,	Year to dateSeptember 30,
	2014-$ -----$	20142013-$ (5)$ (636)(123)(58)-(619)(307)(3,398)(118)(4,711)$ (553)$

(3) Acquisition related compensation expense

Acquisition related compensation expense
Research and developmentSales and marketing	20142013-$ 16$ -(3)-$ 13$ Quarter endedSeptember 30,	Year to dateSeptember 30,
	2014-$ --$	20142013-$ (13)$ -(4)-$ (17)$

(4) Acquisition related expenses

Acquisition related expenses
Cost of product revenueResearch and developmentSales and marketingGeneral and administrativeOther expense, net	20142013-$ (4)$ -(109)-(105)-(877)-(126)-$ (1,221)$ September 30,Quarter ended	September 30,Year to date
	2014-$ -----$	20142013-$ (4)$ -(109)(9)(105)(211)(877)-(126)(220)$ (1,221)$

NICE SYSTEMS LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

ASSETSCURRENT ASSETS:Cash and cash equivalentsShort-term investmentsTrade receivablesOther receivables and prepaid expensesInventoriesDeferred tax assetsTotal current assetsLONG-TERM ASSETS:Long-term investmentsOther long-term assetsProperty and equipment, netOther intangible assets, netGoodwillTotal long-term assetsTOTAL ASSETSLIABILITIES AND SHAREHOLDERS' EQUITYCURRENT LIABILITIES:Trade payablesDeferred revenues and advances from customersAccrued expenses and other liabilitiesTotal current liabilitiesLONG-TERM LIABILITIES:Deferred tax liabilitiesOther long-term liabilitiesTotal long-term liabilitiesSHAREHOLDERS' EQUITYTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

September 30,December 31,20142013UnauditedUnaudited118,937$ 119,545$ 86,76082,826170,565189,32337,37139,84914,08213,44815,78415,625443,499460,616243,489240,78236,83733,25342,65044,343126,791170,125700,975707,9391,150,7421,196,4421,594,241$ 1,657,058$ 18,199$ 25,962$ 165,092144,536182,963213,693366,254384,19126,01837,84130,00830,23056,02668,0711,171,9611,204,7961,594,241$ 1,657,058$

NICE SYSTEMS LTD. AND SUBSIDIARIES CONSOLIDATED CASH FLOW STATEMENTS

U.S. dollars in thousands

Operating ActivitiesNet income (loss)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesDepreciation and amortizationStock based compensationExcess tax benefit from share-based payment arrangementsAmortization of premium and discount and accrued interest on marketable securities*Deferred taxes, netChanges in operating assets and liabilities:Trade ReceivablesOther receivables and prepaid expensesInventoriesTrade payablesAccrued expenses and other current liabilitiesDeferred revenueOther*Net cash provided by (used in) operating activitiesInvesting ActivitiesPurchase of property and equipmentProceeds from sale of property and equipmentPurchase of InvestmentsProceeds from InvestmentsCapitalization of software development costsPayments for other investmentsProceeds upon the realization of investment in an affiliateNet cash provided by (used in) investing activitiesFinancing ActivitiesProceeds from issuance of shares upon exercise of share options and ESPPPurchase of treasury sharesDividends paidExcess tax benefit from share-based payment arrangementsNet cash used in financing activitiesEffect of exchange rates on cash and cash equivalentsNet change in cash and cash equivalentsCash and cash equivalents, beginning of periodCash and cash equivalents, end of period	Quarter endedSeptember 30,	Quarter endedSeptember 30,	Year to dateSeptember 30,
	2014Unaudited26,892$ 17,1237,691(395)599(3,346)1,4076521,051(5,340)(1,649)(10,930)733,762(3,795)16(19,658)23,879(228)(5)-2093,676(32,399)(9,437)395(37,765)(2,900)(6,694)125,631118,937$	2013Unaudited(3,708)$ 22,8126,732(353)533(5,157)(3,664)1,392455(1,425)(3,302)(30,588)638(15,635)(7,033)19(28,697)70,807(236)(21,361)58814,08712,367(16,573)(9,693)353(13,546)294(14,800)117,750102,950$	20142013UnauditedUnaudited53,000$ 31,059$ 57,20369,18122,59517,973(683)(363)1,6163,517(13,908)(14,398)17,492(3,669)229(3,961)(908)(1,379)(7,587)3,517(32,020)(22,036)21,705(1,763)(625)46118,10977,724(12,850)(15,359)3623(105,241)(203,578)97,367198,881(704)(815)(906)(21,361)-588(22,298)(41,621)15,50627,387(81,578)(39,565)(28,701)(19,349)683363(94,090)(31,164)(2,329)(585)(608)4,354119,54598,596118,937$ 102,950$

*Certain comparative figures have been reclassified to conform to the current year presentation.

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

מיליון דולר 250 ) בהכנסותNon-GAAP( ל- נייס מדווחת על גידול של9% ברבעון השלישי של $0.70 (ל- ) ברווח למניהNon-GAAP וגידול של 13% 2014

לרבעון הכספיות פרסמה היום את התוצאות (סד"ק: NICEא)ת"א: נייס, נ נייס מערכות – ,בנובמבר2014 ,רעננה, ישראל5 . ,בספטמבר2014 30השלישי שהסתיים ב-

את ניתן כבר לראות תוצאות אלו ב. " ברק עילם, מנכ"ל נייס ברבעון השלישי," אמר תוצאות הטובות "אנו מרוצים מאוד מה התמקדות בשיפור הביצועים, ללהברבעון השני של השנה. תכנית זו כ אותה התחלנו להוציא לפועל, של התכניתהשפעתה אנו הצמיחה האורגנית הואצה והרווחיות השתפרה. בנוסף,– התייעלות עסקית והגדלת הרווחיות. עד כה השגנו התקדמות טובה " .האסטרטגיה שלנו ליבת ב, הנמצאיםממשיכים לראות דרישה גוברת לפתרונות מבוססי כלים אנליטיים

העולם מצד ארגונים ברחבי ביקושים חזקים ממשיכים שעה בה , "אנו נמצאים בשווקים הנכונים בזמן הנכוןהוסיף, כי עילם ממוצבים היטב לקראת אנו מאמינים שאנו , ורגולציה ואבטחהלציות שיפור חווית הלקוח,פתרונות שאנו מציעים להתמודדות עם ל ".סיום חזק לשנה

םידנדיבידהודעה על חלוקת

בנובמבר הקובע הוא 17 מועדרבעון השלישי של 2014. הבגין ה דולר למניה דיבידנד בסך 0.16חלוקת החברה הודיעה על .בשיעור של 15%מס ,בדצמבר2014. ינוכה ומועד התשלום הוא2 2014

: ,בספטמבר2014 30-ם ביי שהסתישיNon( לרבעון השל-ותGAAP) עיננסי התוצאות הפיקרי

מיליון 230.1 מ- מיליון דולר, גידול של8.6% 250.0 הסתכמו ב- ברבעון השלישי של2014 ()Non-GAAPההכנסות :הכנסות .דולר ברבעון השלישי של 2013 מיליון דולר ברבעון 151.2 מיליון דולר מ- 162.6 גדל ל- ברבעון השלישי של2014( )Non-GAAPח הגולמי הרוו :רווח גולמי . ברבעון השלישי של2013 לעומת65.7% ( ה הי65.0%)Non-GAAPהרווח הגולמי יעורהשלישי של 2013. ש 47.0 (גדלו ל- )Non-GAAPהרווח התפעולי יעור וש ברבעון השלישי של2014( )Non-GAAPח התפעוליהרוו :רווח תפעולי . בהתאמה ברבעון השלישי של2013 18.4% מיליון דולר ו-42.2, מ- בהתאמה18.8%מיליון דולר ו- מיליון דולר ו- 42.5 (גדלו ל- )Non-GAAP ושולי הרווח הנקי ברבעון השלישי של2014 ()Non-GAAPהרווח הנקי :רווח נקי . בהתאמה ברבעון השלישי של2013 16.6% מיליון דולר ו-38.2 בהתאמה מ-17.0%

דולר 0.70 ל- 12.9% גדל ב- רבעון השלישי של 2014)Non-GAAP( בדילול מלא להרווח למניה :מלאבדילול רווח למניה . דולר ברבעון השלישי של2013 לעומת 0.62

: ,בספטמבר2014 30-ם ביי שהסתישיותGAAP( לרבעון השל) עיננסי התוצאות הפיקרי

מיליון דולר ברבעון השלישי לעומת 229.9, מיליון דולר 249.9 ל-8.7% גדלו ב- ההכנסות ברבעון השלישי של 2014 :הכנסות .של 2013

, בהתאמה 61.6% מיליון דולר ו- 153.9 ושיעור הרווח הגולמי גדלו ל- הרווח הגולמי ברבעון השלישי של 2014 : רווח גולמי . בהתאמה ברבעון השלישי של2013 60.6% מיליון דולר ו- לעומת 139.3

, בהתאמה10.0% מיליון דולר ו- 24.9 גדלו ל- וח התפעולי ושיעור הרווח התפעולי ברבעון השלישי של 2014הרו :רווח תפעולי .ברבעון השלישי של 2013, בהתאמה6.9% מיליון דולר ו- לעומת 15.8

לעומת , , בהתאמה10.8% מיליון דולר ו- 26.9 הסתכמו ב- הרווח הנקי ושיעור הרווח הנקי ברבעון השלישי של 2014 :רווח נקי . מיליון דולר ברבעון השלישי של2013 הפסד של 3.7

דולר לעומת הפסד של0.06 0.44 הסתכם ב- הרווח למניה בדילול מלא לרבעון השלישי של 2014 :רווח למניה בדילול מלא . דולר למניה בדילול מלא ברבעון השלישי של2013

ברבעון . מיליון דולר היה33.8 תזרים המזומנים התפעולי ברבעון השלישי של 2014 :תזרים מזומנים תפעולי ויתרת מזומנים , בספטמבר2014 30נכון ל-. מיליון דולר לתשלום דיבידנד 9.4 - מיליון דולר שימשו לרכישה חוזרת של מניות ו 32.4השלישי .ללא חובות, מיליון דולר449.2וכן השקעות לטווח הקצר והארוך הסתכמו ב- , יתרות המזומנים ושווי המזומנים

: ולשנת 2014יעית החברה לרבעון הרביתחז

מיליון דולר צפויות להסתכם בטווח של285 ברבעון הרביעי של2014( )Non-GAAPההכנסות סך : הרבעון הרביעי של2014 .$1.01 עד$, צפוי להיות בטווח של 0.89( בדילול מלא)Non-GAAP מיליון דולר. הרווח למניה עד 300 .מיליון דולר מיליון דולר עד1,018 צפויות להסתכם בטווח של1,003 שנת 2014( ל )Non-GAAPההכנסות סך : כל שנת2014 .דולר $ דולר עד2.85 $, צפוי להיות בטווח של 2.73( בדילול מלא) ה Non-GAAPהרווח למני

שיחת ועידה לדיון בתוצאות הרבעוניות

. לפי שעון ישראל15:30 ,, 2014 בנובמבר, 5תקיים שיחת ועידה לדיון בתוצאות הפיננסיות ובתחזית החברה היוםהנהלת נייס השיחה תועבר באינטרנט בשידור חי . קוד הכניסה הוא235 027 71 .041-242-809-(: 1מישראל)להשתתפות בשיחה יש לחייג ימים הקלטה של השיחה תעמוד לרשות המעוניינים למשך 7. החברה ותהיה זמינה להאזנה למשך שעתיים אחרי השיחה אתרב . קוד הכניסה להקלטה הוא70546353. . אחרי השידור החי וניתן להאזין לה באמצעות חיוג+44(0)20-7136-9233

אודות נייס הינה המובילה העולמית במתן פתרונות תוכנה המאפשרים לארגונים לנקוט בפעולה הבאה ( נייס ,: א"ת)NASDAQ: NICEנייס להיאבק בפשיעה פיננסית , להבטיח ציות לרגולציה, הטובה ביותר על מנת לשפר את חוויית הלקוח ואת התוצאות העסקיות לנתח וליישם בזמן אמיתי תובנות ממידע , טהפתרונות של נייס מאפשרים לארגונים לקלו. ולשמור על בטחון אנשים ונכסים , אפליקציות של טלפונים ניידים, מידע זה מתקבל ממספר רב של מקורות כולל שיחות טלפון. שאינו מובנהBig Dataמובנה ומ150מ- ארגונים ביותר 25,000הפתרונות של נייס נמצאים בשימוש של יותר מ-. מדיה חברתית ווידיאו ועסקאות, אטים'צ , ל"דוא www.nice.com .Fortune 100 מהחברות המדורגות ב-כולל מעל 80, מדינות

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Systems. All other marks are trademarks of their respective owners. For a full list of NICE Systems' 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. Such forward-looking statements, including the statements by Messer Einhorn, are based on the current expectations of the management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company’s customer base (particularly financial services firms) and the resulting uncertainties; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

:לפרטים נוספים ניתן ליצור קשר עם gal@scherfcom.com ,052-720- לוי, שרף תקשורת2709גל לבנון-