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Nice Ltd
TASE:NICE

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Nice Ltd
TASE:NICE
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Price: 34 290 ILS -0.15% Market Closed
Market Cap: 21.6B ILS

Nice Ltd
Investor Relations

Nestled within the bustling heart of Israel's technology landscape, Nice Ltd. has firmly established itself as a pivotal player in the world of customer experience and financial crime prevention solutions. Originally founded in 1986, the company began its journey by developing voice recording systems, primarily serving military and government clientele. Over the decades, Nice Ltd. has astutely navigated the technological currents, repositioning itself as a multifaceted software powerhouse. Today, it leverages data-driven insights to help organizations enhance customer satisfaction, streamline operations, and mitigate risks across an array of industries, from financial services to healthcare.

At the core of Nice Ltd.'s revenue engine lies its impressive suite of analytics and automation tools, designed to empower businesses to engage with customers more effectively and securely. The company specializes in cloud-based software platforms that facilitate contact center operations, employing artificial intelligence and machine learning to glean actionable insights from customer interactions. This results in operational efficiencies for businesses, translating into cost savings and improved customer loyalty. Additionally, Nice Ltd.'s advancements in financial crime and compliance solutions play a significant role, as institutions worldwide seek robust systems to detect and prevent fraud and money laundering. In essence, Nice Ltd.'s ability to adapt and innovate has ensured its prosperity in a dynamic industry, making it a crucial entity in the global business technology ecosystem.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 17, 2023
AI Summary
Q2 2023

Revenue Growth: NICE reported record Q2 total revenue of $581 million, up 10% year-over-year, driven by strong cloud growth.

Cloud Strength: Cloud revenue grew 23% to $382 million, now making up 66% of total revenue, as large enterprises increasingly adopted the CXone platform.

Profitability: Operating income and EPS both grew double digits; EPS hit $2.13, up 15% year-over-year, beating guidance.

AI Momentum: AI and digital bookings surged, with Enlighten AI bookings in Q2 exceeding the previous 5 quarters combined; all large ACV deals included AI.

Guidance Raised: Management raised full-year 2023 guidance for both revenue ($2.353–$2.373 billion) and EPS ($8.40–$8.60).

Margin Dynamics: Cloud gross margin rose to 70.3%, and operating margin increased to 29.2%. Management expects further cloud gross margin expansion.

Share Buyback: Continued progress on a $250 million share repurchase program, with $65 million repurchased in Q2.

Key Financials
Revenue
$581 million
Cloud Revenue
$382 million
Cloud Gross Margin
70.3%
Total Gross Margin
71.6%
Operating Income
$170 million
Operating Margin
29.2%
EBITDA
$187 million
EBITDA Margin
32.1%
EPS
$2.13
Recurring Revenue Percentage
86%
Cash Flow from Operations
$65 million
Total Cash and Investments
$1.662 billion
Net Cash and Investments
over $1.1 billion
Share Repurchases
$65 million in Q2; 53% of $250 million plan executed as of June
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Barak Eilam
Chief Executive Officer
No Bio Available
Mr. Barry Cooper
President of NICE CX Division
No Bio Available
Mr. Darren Rushworth
President of CE International
No Bio Available
Mr. Craig B. Costigan
Chief Executive Officer of NICE Actimize
No Bio Available
Ms. Beth Gaspich
Chief Financial Officer
No Bio Available
Mr. Gil Vassoly
Vice President of Corporate Finance
No Bio Available
Ms. Tali Mirsky-Lachman
Corporate VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Shiri Neder
Executive Vice President of Human Resources
No Bio Available
Mr. Christopher P. Wooten
Executive Vice President of Nice Vertical Markets
No Bio Available
Mr. Awan Roy
VP & Head of India GTC
No Bio Available

Contacts

Address
Ra'anana
13 Zarchin Street, P.O.B. 690
Contacts
+97297753777.0
www.nice.com