NICE Reports 24% Year-Over-Year Cloud Revenue Growth, Exceeding High End of Guidance for Both Total Revenue and EPS
Portfolio Pulse from
NICE reported a 24% year-over-year growth in cloud revenue for Q3 2024, surpassing the high end of guidance for both total revenue and EPS. Total revenue increased by 15% to $690 million, with cloud revenue reaching $500.1 million.
November 14, 2024 | 10:45 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
NICE reported strong Q3 2024 results with a 24% increase in cloud revenue, surpassing guidance. Total revenue rose 15% to $690 million, indicating robust business performance.
NICE's strong financial performance, particularly in cloud revenue growth, indicates positive business momentum. Surpassing guidance suggests potential investor confidence and likely positive short-term stock price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100