Nice profit for the fourth quarter: $ 79.3 million

NICE technologies concluded the year 2017 with results at the upper end of its range of forecasts, and with a higher net profit than analysts forecast. The company, which provides customer relationship and risk management solutions, posted revenue of $ 392 million in the fourth quarter of 2017, 21% higher than the corresponding quarter last year. Revenue from products grew by 4.1% and service revenues increased by 4.5%, the cloud sector recorded a significant break in the past year and jumped from revenues of $ 85.5 million in 2016 To $ 361 million in 2017.

GAAP net income for the fourth quarter was $ 79.3 million, and for the full year was $ 143 million, a 22.6% growth over 2016. On a non-GAAP basis, net of various accounting items, Net income of $ 84.5 million, up 16.7% year-over-year, and for the full year increased 15.4% to $ 255 million, or $ 4.1 per share.

NICE continues to generate cash at a rapid pace, and in the fourth quarter cash flow from operations totaled $ 86.6 million. For the full year, cash flow from operations reached $ 395 million, up 73% from 2016. The strong cash flow led to a cash and investment of $ 525 million at the end of 2017, compared with $ 477 million in long-term debt taken to finance the acquisition of InContact. NICE's first-quarter forecast is similar to analysts' forecasts of $ 328-338 million and non-GAAP net income of $ 0.97-1.03 per share. In 2018, the company expects revenues of $ 1.43-1.454 billion, a growth of 7.3% -9.1% compared to 2017, and net profit of $ 4.4-4.4 per share.

"We are confident of the opportunities before us," said NICE's CEO, Barak Eilam: "Our market size has grown fivefold; Cloud solutions, which account for close to 30% of our total revenue, are expected to grow and account for more than 50% of our total revenue over the next few years; Analytical solutions that have driven growth will continue to expand with the addition of artificial intelligence; And now we have the platform and sales channels that appeal to all segments of the market, to large organizations as well as to small and medium-sized companies. "Eilam added that in 2018 momentum will continue and operating profit will grow by double digits" We will end the year with a half- Eilam promised.