Nice Ltd (NICE) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 18, 2022 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Greetings and welcome to the Nice Conference Call Discussing Second Quarter 2022 Results. And thank you all for holding. All participants are at present in a listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded today, August 18, 2022.

I would now like to turn this call over to Mr. Marty Cohen, VP of Investor Relations at Nice. Please go ahead.

Marty Cohen

Thank you, operator. With me on the call today are Barak Eilam, Chief Executive Officer, and Beth Gaspich, Chief Financial Officer.

Before we start, I'd like to point out that some of the statements made on this call will constitute forward-looking statements in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please be advised that the company's actual results could differ materially from these forward-looking statements.

Additional information regarding the factors that could cause actual results or performance of the company to differ materially is contained in the section entitled Risk Factors in Item 3 of the company's 2021 annual report on Form 20-F as filed with the Securities and Exchange Commission on April 5, 2022.

During today's call, we will present a more detailed discussion of second quarter 2022 results and the company's guidance for the second quarter and full year 2022. Following our comments, there will be an opportunity for questions.

Let me remind you that, unless otherwise noted on this call, we will be commenting on our adjusted results of operations, which differ in certain respects from Generally Accepted Accounting Principles as reflected mainly in accounting for acquisition-related revenues and expenses, amortization of intangible assets and accounting for stock-based compensation. The difference between the non-GAAP adjusted results and the equivalent GAAP figures are detailed in today's press release.

And with that, I'll turn it over to Barak.

Barak Eilam

Thank you, Marty. And welcome, everyone. We are pleased to report another outstanding quarterly performance at NICE. Our continued steadfast growth on both the top and bottom lines, which is unquestionably scarce in the tech industry is further proof of our unique ability to deliver consistent double-digit revenue and profitability growth.

For Q2, we reported $531 million in total revenue, representing a 16% increase year-over-year and the sixth consecutive quarter of mid-teens growth.