NICE Systems expands net income 46.1% in Q3

- Wednesday, November 16, 2011

NICE Systems expands net income 46.1% in Q3

Israeli contact center solutions company NICE Systems (Nasdaq: NICE) posted a 46.1% increase in net income during the third quarter of 2011 to US$18.3mn, compared to US$12.5mn for the year-ago period, the company announced.

Revenues for the quarter increased 14% to US$199mn, from US$174mn in the third quarter of 2010.

"We expect a strong fourth quarter, resulting in another year of additional growth and increased profitability. We see good demand for our solutions resulting from increasing compliance and regulatory requirements, rising security threats and the need to improve business performance," said Zeevi Bregman, president and CEO of NICE Systems.

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NICE expects non-GAAP revenues for the fourth quarter to be US$208mn-218mn, while full year non-GAAP revenues are estimated in a range of US$792mn-802mn.

In Latin America, NICE has an office in São Paulo. It covers the entire region through business partnerships with integrators and resellers.

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