FX.co ★ NICE Ltd. Q1 Profit Increases, Beats Estimates

NICE Ltd. (NICE) has reported an increase in earnings for its first quarter, surpassing Wall Street's expectations.

The company achieved a net income of $106.373 million, or $1.60 per share, up from $76.942 million, or $1.15 per share, in the previous year's first quarter.

When excluding certain items, NICE Ltd.'s adjusted earnings reached $171.557 million, or $2.58 per share, for the period.

Analysts, as surveyed by Thomson Reuters, had forecasted an average earnings per share of $2.45, not accounting for special items.

Quarterly revenue saw a 15.3% increase, rising to $659.309 million from $571.860 million last year.

In summary, NICE Ltd. reported the following GAAP results for the first quarter:

- Earnings: $106.373 million, compared to $76.942 million last year

- EPS: $1.60, compared to $1.15 last year

- Revenue: $659.309 million, compared to $571.860 million last year

**Guidance:**

- Next quarter EPS guidance: $2.53 to $2.63

- Next quarter revenue guidance: $657 to $667 million

- Full-year EPS guidance: $10.53 to $10.73

- Full-year revenue guidance: $2.715 to $2.735 billion