JERUSALEM (Reuters) – Israeli enterprise software provider Nice expects double-digit growth and revenue above $2 billion for 2022, it said as it reported a higher than expected increase in quarterly net profit on Thursday.
Nice earned $1.73 per diluted share excluding one-off items in the fourth quarter, compared with $1.61 a year earlier. Revenue grew 18% to $515 million, with cloud revenue up 28% at $285 million.
The company was expected to post adjusted earnings per share (EPS) of $1.71 on revenue of $496 million, according to a forecast from I/B/E/S Refinitiv.
For 2022 Nice projected adjusted EPS of $7.07-$7.27 and revenue of $2.14-$2.16 billion, with the midpoints up 10% and 12% over 2021. Analysts are expecting adjusted EPS of $7.26 and revenue of $2.1 billion.
(Reporting by Steven Scheer; Editing by David Goodman)
