Verint Systems Incorporated (VRNT: Quote) an enterprise software provider reported their top estimates last Thursday the company’s second-quarter performance, which indicated a total net loss of about $12.3 million or about $0.21 per share, which lower if compared with last year’s profit of about $17.5 million or about $0.33 per share. Items excluded, adjusted earnings recorded for the year’s quarter were about $0.72 per share, which is a bit higher when compared to last year’s $0.70 per share.
The said report on the company’s top estimates of revenues for the year’s quarter were estimated to be at $276.8 million, which is way higher if compared to last year’s $222.4 million. When the revenues were adjusted, the value amounted to $284.7 million, also higher compared to last year’s $222.8 million. Thomson Reuters’ polled analysts estimated the company’s earnings amounting to $0.60 per share when it comes to revenues, a $270.9 million total for the year’s quarter.
The estimation of the analysts generally does not include special items. Overall operating expenses for the year’s quarter also increased to up to $162.8 million, a significant increase compared with last year’s $118.6 million. The quarterly report also included an overall debt-related losses amounting to $5.5 million.
The estimation forecast for the fiscal year would end on January 2015, and Verint Systems Incorporated increased its overall revenue outlook to $15 million, ranging to $1.13 billion to up to $1.18 billion. The companies top estimates forecast for now on earnings is about $3.35 up to $3.50 per share.