Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
Apr. 30, 2023 |
Apr. 30, 2022 |
| Revenue: |
|
|
| Revenue |
$ 216,566
|
$ 217,906
|
| Cost of revenue: |
|
|
| Amortization of acquired technology |
1,965
|
3,639
|
| Total cost of revenue |
68,403
|
76,735
|
| Gross profit |
148,163
|
141,171
|
| Operating expenses: |
|
|
| Research and development, net |
31,782
|
30,947
|
| Selling, general and administrative |
101,279
|
102,882
|
| Amortization of other acquired intangible assets |
6,330
|
6,844
|
| Total operating expenses |
139,391
|
140,673
|
| Operating income |
8,772
|
498
|
| Other income (expense), net: |
|
|
| Interest income |
1,982
|
199
|
| Interest expense |
(2,781)
|
(1,501)
|
| Other income, net |
24
|
1,674
|
| Total other (expense) income, net |
(775)
|
372
|
| Income before provision for income taxes |
7,997
|
870
|
| Provision for income taxes |
4,363
|
296
|
| Net income |
3,634
|
574
|
| Net income attributable to noncontrolling interests |
339
|
288
|
| Net income attributable to Verint Systems Inc. |
3,295
|
286
|
| Dividends on preferred stock |
(5,200)
|
(5,200)
|
| Net loss attributable to Verint Systems Inc. common shares |
$ (1,905)
|
$ (4,914)
|
| Net loss per common share attributable to Verint Systems Inc.: |
|
|
| Basic (in dollars per share) |
$ (0.03)
|
$ (0.08)
|
| Diluted (in dollars per share) |
$ (0.03)
|
$ (0.08)
|
| Weighted-average common shares outstanding: |
|
|
| Basic (in shares) |
64,940
|
64,947
|
| Diluted (in shares) |
64,940
|
64,947
|
| Recurring |
|
|
| Revenue: |
|
|
| Revenue |
$ 166,439
|
$ 159,367
|
| Cost of revenue: |
|
|
| Cost of revenue |
39,643
|
41,028
|
| Nonrecurring |
|
|
| Revenue: |
|
|
| Revenue |
50,127
|
58,539
|
| Cost of revenue: |
|
|
| Cost of revenue |
$ 26,795
|
$ 32,068
|