NICE Systems expands net income 33% in Q1

- Monday, May 23, 2011

NICE Systems expands net income 33% in Q1

Israeli contact center solutions company NICE Systems (Nasdaq: NICE) posted a 32.8% increase in 1Q11 net income of US$8.1mn, compared to US$6.1mn for the same period last year, the company announced.

Revenues for the quarter increased 15.9% to US$185mn, from US$160mn in the first quarter of 2010.

Zeevi Bregman, president and CEO of NICE Systems, highlighted the company's "growth in demand that we are experiencing in emerging markets."

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NICE raised its revenue projections for the full fiscal year on non-GAAP revenue to between US$780mn and US$803mn.

Use this link to view the full results.