PRICE IS ‘NICE’; DIGITAL RECORDING PROVIDER POSTS RECORD QUARTER
NICE Systems, a worldwide supplier of multimedia digital recording solutions, applications and related professional services for business interaction management, reports a 46-percent increase in third-quarter revenues, reaching a record high of $46.6 million, compared with $32 million for the third quarter of 1999. Earnings per share (EPS) for the quarter were 58 cents, compared to EPS of 46 cents in the previous comparable period. Net income rose 42 percent to $8.1 million from $5.7 million for the same quarter last year. Gross margin was 58.6 percent, as compared with 57.9 percent for the same quarter of 1999.
NICE Chairman and CEO Benny Levin comments, “We are pleased to announce another strong quarter. We’re seeing continued progress in our CEM (Customer Experience Management) business, with sales to the contact center market increasing by approximately 15 percent from the previous quarter. We are also pleased to see an increase in sales to international markets, in particular Europe and Japan, which reflects our growing global presence.”
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