NICE Reports First-Quarter Financials
Thursday, May 04, 2017 | Comments

NICE announced results for the first quarter ended March 31.

The GAAP financial data, excluding cash flow and cash balance, are from continuing operations, which exclude the results of the intelligence and physical security divisions for both 2016 and 2017.

First quarter 2017 total revenues increased 35.3 percent to $305.6 million compared with $226 million for the first quarter of 2016. First quarter 2017 gross profit increased to $189.9 million compared with $151.5 million for the first quarter of 2016, and gross margin was 62.1 percent compared with 67 percent for the first quarter of 2016.

First quarter 2017 operating income and operating margin were $27.9 million and 9.1 percent, respectively, compared with $37.5 million and 16.6 percent, respectively, for the first quarter of 2016.

First quarter 2017 operating cash flow was $132.7 million. In the first quarter, $8.4 million was used for share repurchases. As of March 31, total cash and cash equivalents, short-term investments and marketable securities were $388.7 million, and total debt was $441.5 million.




 
 
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