NICE Systems Ltd., a global provider of integrated digital recording and quality management solutions, reports its first-quarter 2000 earnings increased 42 percent to $37.5 million, compared to $26.5 million in the first quarter of 1999. Net income rose by nearly 100 percent to $6 million, compared with $3.1 million for the same three-month cycle in 1999. Diluted earnings per share for the quarter were up 63 percent to 44 cents on 13.7 million weighted-average shares outstanding, compared with 27 cents on 11.8 million shares for the comparable period in 1999. “We are very pleased with these excellent results and are encouraged by the increased demand for our products across all market segments, particularly in mainland Europe, the United Kingdom and North America,” says Benny Levin, chairman of NICE Systems. “In addition, we are delighted to report significant gains in the CCTV security market with a ramp up in orders for our NiceVision(tm) digital video recording system.”
In other news, NICE completed its acquisition of CenterPoint Solutions Inc., an application developer of Web-enabled solutions for statistical tracking, digital recording and automated customer surveys for contact centers. “This acquisition represents an important step in our commitment to deliver solutions to our customers that enhance customer relationship management,” adds Levin.