Nice: Q4 Earnings Snapshot

RA`ANANA, Israel (AP) — RA`ANANA, Israel (AP) — Nice Ltd. (NICE) on Thursday reported fourth-quarter net income of $81.7 million.

On a per-share basis, the Ra`Anana, Israel-based company said it had net income of $1.24. Earnings, adjusted for one-time gains and costs, came to $2.36 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.

The software company posted revenue of $623.2 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $615.5 million.

For the year, the company reported profit of $338.3 million, or $5.11 per share. Revenue was reported as $2.38 billion.

For the current quarter ending in March, Nice expects its per-share earnings to range from $2.40 to $2.50.

The company said it expects revenue in the range of $650 million to $660 million for the fiscal first quarter.

Nice expects full-year earnings in the range of $10.40 to $10.60 per share, with revenue ranging from $2.72 billion to $2.74 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NICE at https://www.zacks.com/ap/NICE