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NICE-Systems Reports Lower than Expected Earnings

NICE-Systems Limited (NASDAQ: NICE) reported second quarter adjusted EPS of $0.57 versus estimates of $0.59. EPS were down 7% year over year. The company reported revenue at $239.0 million versus the estimated $234.92 million. Sales were up 6% year over year.

From the press release:

“I’m pleased to report revenues of $239 million for the second quarter of 2014.  During the quarter, we continued to see strong demand for our analytic applications from both existing and new customers,” said Barak Eilam, CEO of NICE.

NICE-Systems declared a cash dividend for Q2 of 2014 of $0.16 per share. The record date will be August 12th, 2014 and the payment date will be August 26th, 2014.

NICE Systems is the worldwide 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.

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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