Nice released a disappointing forecast for 2025; The stock plummeted in Tel Aviv and the US

Nice, which is currently run by Scott Russell, provides solutions for risk management and customer relationship management. The company is a dual and trading in NASDAC and Tel Aviv worth $ 11.2 billion.

The fourth quarter of 2024 whose reports were published today was the last quarter under the management of previous CEO Barak Elam, who retired after a decade. , 24%growth. The fourth is a net profit of $ 99.5 million, a 21.9% growth compared to the corresponding quarter. Based on Non-GAAP, net profit amounted to $ 3.02 per share, while the analysts expected $ 2.95 per share.

In an annual summary, revenue grew by 15% to $ 2.74 billion, net profit increased by 30.8% to $ 443 million and on the basis of Non-GAAP, the profit was $ 728 million. Between the causes of the gap between the accounting net income and the Non-GAAP net profit are the reductions of intangible assets, as well as the capital reward costs for employees that amount to $ 188 million in the past year.

As mentioned, the company forecast is lower than market forecasts. Nice expects revenue of $ 693-703 million in the first quarter, a single-digit growth of 6% relative to the corresponding quarter, with a net Non-GAAP profit of 2.78-2.88 per share. Mid-on-the-forecast range is about 3.8% in revenue and 2.4% in the profit from consensus analysts.

In 2025, the forecast is for revenue of $ 2.918-2.938 billion and a net Non-GAAP profit of $ 12.13-12.33 per share, while the analysts expected $ 3 billion and $ 12.32 per share.

CEO in an optimistic message

CEO Russell said: “We are pleased to report a strong ending for 2024 and a great fourth quarter with double-digit growth in total revenue and cloud revenue alongside further acceleration in our profitability, which is the leader in the industry. Our impressive results in 2024 stemmed from the cloud activity whose revenues reached $ 2 billion, 25% in 2024 compared to last year. ”

He said, “AI in general and Agentic AI in particular produce significant growth opportunities for our leading CXONE MPOT platform. -Cx and significantly expand our strategic partnership network. Decades of deep customer experience expertise, the leading AI platform in the industry, the incessant innovation and our financial distinction, we uniquely exploit the opportunities in the doorway and accelerate future growth. ”