Things are looking good for NICE Systems. The Israeli company not only reported record revenues and EPS for Q4 2014, but it has also received two awards from Wall Street Letter, a publication of Pageant Media.
For the last quarter of 2014 the company reported record revenues of $294 million, up 9% year-over-year. It also had a record operating margin of 25%, up from 20% last year and recorded fully diluted earnings per share of $1.02, up 36% year-over-year.
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For the full year 2014 NICE reported record revenues of $1.012 billion, record operating margin of 20%, record fully diluted earnings per share of $2.85 and a record cash from operations of $182 million.
“I’m pleased to report a very strong finish to the year in which we reported 9% organic growth in fourth quarter revenues and a strong improvement in the operating margin that reached 25% for the fourth quarter, ” said Barak Eilam, CEO of NICE. “For the full year 2014, we achieved two major financial milestones for the Company: our revenue crossed $1 billion and operating margin reached 20%. We owe these strong results to a combination of the continued growth in our analytic solutions and the successful execution of our operational plan that we put in place earlier this year. This plan is to improve the business through flawless execution to drive growth in an efficient, effective, and profitable manner.”
Mr. Eilam continued, “As we head into 2015, we believe we are well positioned to further execute on our plans. We are centered on product leadership and go-to-market expansion, we are moving products faster to the market, and profitability remains high on our agenda. We will continue to help organizations in their efforts to serve people in three critical domains: protecting people’s money, ensuring their safety and improving their experiences. Each of these domains represents a large addressable market, and, combined with our leadership position, presents a significant opportunity for us in 2015 and beyond.”
Meanwhile, Pageant Media recognized NICE and its business unit NICE Actimize, for its stand-out client service and innovation. Now in its fourth year, the 2015 WSL Institutional Trading Awards recognize excellence among providers to the institutional trading industry, specifically rewarding brokerage firms, exchanges and financial technology companies for achievements and innovation over the past year.
The panel of judges included industry subject matter experts and publication editors who reviewed hundreds of submissions across 37 award categories.