NICE Clocks 10% Revenue Growth In Q2, Raises Annual Outlook
Portfolio Pulse from Nabaparna Bhattacharya
NICE Ltd reported a 10% YoY growth in Q2 FY23 non-GAAP revenue to $581.11 million, beating the consensus of $578.68 million. Non-GAAP revenues from Cloud grew 23% YoY to $381.9 million. The company raised its FY23 Non-GAAP total revenues outlook from $2.35 billion-$2.37 billion to $2.353 billion-$2.373 billion. However, NICE shares traded lower by 2.12% at $207.00 in the premarket session.
August 17, 2023 | 12:17 pm
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NICE Ltd reported strong Q2 FY23 results and raised its FY23 revenue outlook, but its shares traded lower in premarket.
NICE Ltd reported strong Q2 FY23 results, with a 10% YoY growth in non-GAAP revenue and a 23% YoY growth in non-GAAP revenues from Cloud. The company also raised its FY23 revenue outlook. Despite these positive results, NICE shares traded lower in premarket, which could indicate investor concerns not directly related to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100