Verint Systems was founded in 1994 and is headquartered in Melville, US

CEO

Corporate Officer, Chief Legal Officer, and Chief Compliance Officer

Corporate Officer and President

Senior Vice President, Global Human Resources

Corporate Officer and Chief Financial Officer

Verint Systems has offices in Melville, San Diego, Santa Clara, Westminster and in 13 other locations

Melville, US (HQ)

175 Broadhollow Rd, Suite 100

Laval, CA

420 Boulevard Armand - Frappier, Suite 120

Brooklin Novo, BR

R. Dr. Geraldo Campos Moreira 375

Reston, US

11950 Democracy Dr

Manassas, US

10530 Linden Lake Plaza, Suite 105

Frisco, US

2595 Dallas Pkwy, Suite 104

Verint Systems's revenue was reported to be $261 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 261 m |

## Gross profit (Q1, 2017) | 150.2 m |

## Gross profit margin (Q1, 2017), % | 58% |

## Net income (Q1, 2017) | (19 m) |

## EBIT (Q1, 2017) | (9.4 m) |

## Market capitalization (17-Aug-2017) | 2.4 b |

## Cash (30-Apr-2017) | 340.1 m |

Verint Systems's current market capitalization is $2.4 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|---|

## Revenue | 839.5 m | 907.3 m | 1.1 b | 1.1 b | 1.1 b |

## Revenue growth, % | 7% | 8% | 24% | 0% | (6%) |

## Cost of goods sold | 121.7 m | 137.6 m | 144.9 m | 145.1 m | 422.6 m |

## Gross profit | 717.8 m | 769.7 m | 983.6 m | 985.2 m | 639.5 m |

## Gross profit Margin, % | 85% | 85% | 87% | 87% | 60% |

## General and administrative expense | 407 m | ||||

## Operating expense total | 478.6 m | 634.2 m | 633.5 m | 622.1 m | |

## EBIT | 122.3 m | 79.1 m | 67.9 m | 17.4 m | |

## EBIT margin, % | 13% | 7% | 6% | 2% | |

## Interest expense | 31 m | 29.8 m | 36.7 m | 33.9 m | (35 m) |

## Interest income | 963 k | 1.1 m | 1.5 m | 1 m | |

## Pre tax profit | 63.3 m | ||||

## Income tax expense | 9 m | 4.5 m | (15 m) | 952 k | 2.8 m |

## Net Income | 58.8 m | 36.4 m | 22.2 m | (26.2 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 276.8 m | 282.6 m | 269.5 m | 295.9 m | 284.1 m | 245.4 m | 261.9 m | 258.9 m | 261 m |

## Cost of goods sold | 102.6 m | 101.1 m | 103.2 m | 119.2 m | 105.5 m | 100.7 m | 102.5 m | 103.2 m | 110.8 m |

## Gross profit | 174.3 m | 181.5 m | 166.4 m | 176.6 m | 178.5 m | 144.7 m | 159.5 m | 155.7 m | 150.2 m |

## Gross profit Margin, % | 63% | 64% | 62% | 60% | 63% | 59% | 61% | 60% | 58% |

## General and administrative expense | 107.2 m | 102.7 m | 102.9 m | 115 m | 99.9 m | 100 m | 101.1 m | 98.9 m | 101.8 m |

## Operating expense total | 107.2 m | 102.7 m | 102.9 m | 115 m | 99.9 m | 100 m | 101.1 m | 98.9 m | 101.8 m |

## EBIT | 11.5 m | 24.4 m | 9.6 m | 4 m | 22.3 m | (11.3 m) | 3.7 m | 5.5 m | (9.4 m) |

## EBIT margin, % | 4% | 9% | 4% | 1% | 8% | (5%) | 1% | 2% | (4%) |

## Interest expense | (9.4 m) | (8.5 m) | (8.3 m) | (8.6 m) | (8.5 m) | (8.5 m) | (8.7 m) | (8.7 m) | (9 m) |

## Interest income | 250 k | 208 k | 194 k | 463 k | 335 k | 153 k | 313 k | 229 k | 330 k |

## Pre tax profit | 16.2 m | (15.9 m) | (10 m) | (4.1 m) | |||||

## Income tax expense | 5.5 m | 4.8 m | 947 k | 2 m | 1.6 m | 330 k | 1.1 m | 3.4 m | (892 k) |

## Net Income | (10.4 m) | 11.5 m | 731 k | (9.9 m) | 8.5 m | (16.2 m) | (11.1 m) | (7.4 m) | (19 m) |

- Source: SEC Filings

USD | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | Y, 2016^{} | FY, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 184.3 m | 169.9 m | 150.7 m | 210 m | 378.6 m | 285.1 m | 352.1 m | 307.4 m |

## Inventories | 10.7 m | 17.5 m | 18.3 m | 17.5 m | ||||

## Current Assets | 694.4 m | 710.2 m | 754.1 m | 672.1 m | ||||

## PP&E | 40.1 m | 62.5 m | 68.9 m | 77.6 m | ||||

## Goodwill | 853.4 m | 1.2 b | 1.2 b | 1.3 b | ||||

## Total Assets | 1.8 b | 2.4 b | 2.4 b | 2.4 b | ||||

## Accounts Payable | 65.7 m | 72.9 m | 65.4 m | 62 m | ||||

## Total Debt | 744.3 m | |||||||

## Current Liabilities | 413.5 m | 477.9 m | 442.4 m | 462.4 m | ||||

## Total Liabilities | 1.3 b | |||||||

## Additional Paid-in Capital | 924.7 m | 1.3 b | 1.4 b | 1.4 b | ||||

## Retained Earnings | (250 m) | (219.1 m) | (201.4 m) | (230.8 m) | ||||

## Total Equity | 633.1 m | 1 b | 1.1 b | 1 b | ||||

## Debt to Equity Ratio | 0.7 x | |||||||

## Debt to Assets Ratio | 0.3 x | |||||||

## Financial Leverage | 2.8 x | 2.3 x | 2.2 x | 2.3 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 186.7 m | 192.3 m | 321 m | 306.2 m | 272.3 m | 323.9 m | 340.1 m | 295.8 m | 340.1 m |

## Inventories | 22.9 m | 21.5 m | 20 m | 18.5 m | 17.8 m | 20.8 m | 21.1 m | 20.4 m | 18.1 m |

## Current Assets | 610.3 m | 627.2 m | 767.1 m | 727.5 m | 734.7 m | 712.4 m | 730.3 m | 671.1 m | 710.5 m |

## PP&E | 55.9 m | 59.5 m | 62.8 m | 63.8 m | 64.5 m | 79.7 m | 77.8 m | 77.6 m | 78.7 m |

## Goodwill | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.2 b | 1.3 b |

## Total Assets | 2.3 b | 2.3 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b | 2.3 b | 2.3 b | 2.4 b |

## Accounts Payable | 70.3 m | 69.3 m | 72 m | 70 m | 66.6 m | 58.1 m | 56.9 m | 57.8 m | 65 m |

## Current Liabilities | 457.2 m | 444.7 m | 499.9 m | 439.2 m | 419.9 m | 461.3 m | 446 m | 405.7 m | 489.1 m |

## Additional Paid-in Capital | 1.3 b | 1.3 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.5 b |

## Retained Earnings | (234.3 m) | (223.7 m) | (219.5 m) | (230.7 m) | (218.9 m) | (218.9 m) | (230.6 m) | (238.8 m) | (251.5 m) |

## Total Equity | 1 b | 1 b | 1 b | 1.1 b | 1.1 b | 1.1 b | 1 b | 996.1 m | 1 b |

## Financial Leverage | 2.3 x | 2.3 x | 2.3 x | 2.2 x | 2.2 x | 2.2 x | 2.3 x | 2.3 x | 2.3 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Net Income | 58.8 m | 36.4 m | 22.2 m | (26.2 m) |

## Depreciation and Amortization | 56 m | 99.5 m | 106.3 m | 114.3 m |

## Accounts Receivable | (23 m) | (55 m) | 3.4 m | (353 k) |

## Inventories | 3.1 m | (4.2 m) | (3.3 m) | (286 k) |

## Accounts Payable | 23.4 m | 41.4 m | (8.9 m) | (9.5 m) |

## Cash From Operating Activities | 178.3 m | 193.7 m | 156.9 m | 172.4 m |

## Purchases of PP&E | (15.7 m) | (23.1 m) | (25.3 m) | (27.5 m) |

## Cash From Investing Activities | (64.2 m) | (676.8 m) | (75.6 m) | (156 m) |

## Cash From Financing Activities | 54.5 m | 395.7 m | (10.2 m) | (56.9 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (10.4 m) | 11.5 m | 731 k | (9.9 m) | 8.5 m | (16.2 m) | (11.1 m) | (7.4 m) | (19 m) |

## Inventories | 22.9 m | 21.5 m | 20 m | 18.5 m | 17.8 m | 20.8 m | 21.1 m | 20.4 m | 18.1 m |

## Accounts Payable | 70.3 m | 69.3 m | 72 m | 70 m | 66.6 m | 58.1 m | 56.9 m | 57.8 m | 65 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.3 x |

Verint Systems's Enterprise Customers was reported to be 10 k in

- Source: Company Filings

Source: 132 public H-1B filings from Verint Systems

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