Verint Systems Inc. (NASDAQ:VRNT) Q1 2024 Earnings Conference Call June 7, 2023 4:30 PM ET

Company Participants

Matthew Frankel - Investor Relations and Corporate Development Director

Dan Bodner - Chief Executive Officer

Grant Highlander - Chief Financial Officer

Conference Call Participants

Ryan MacDonald - Needham & Company

Shaul Eyal - Cowen

Samad Samana - Jefferies

Peter Levine - Evercore

Operator

Good day, and thank you for standing by, and welcome to Verint Systems, Inc. Q1 Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to introduce your host for today's call, Matthew Frankel, Investor Relations, and Corporate Development Director. Please go ahead.

Matthew Frankel

Thank you, operator. Good afternoon, and thank you for joining our conference call today. I'm here with Dan Bodner, Verint's CEO; and Grant Highlander, Verint's CFO; and Alan Roden, Verint's Chief Corporate Development Officer.

Before getting started, I'd like to mention that accompanying our call today's slide presentation. If you'd like to view these slides in real-time during the call, please visit the IR section of our website at verint.com, click on the Investor Relations tab and then click on the webcast link and select today's conference call.

I'd also like to draw your attention to the fact that certain matters discussed on this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other provisions of the federal securities laws. These forward-looking statements are based on management's current expectations and are not guarantees of future performance. Actual results could differ materially from those expressed in or implied by these forward-looking statements. The forward-looking statements are made as the date of this call and as except as required by law, Verint assumes no obligation to update or revise them.

Investors are cautioned not to place undue reliance on these forward-looking statements. For a more detailed discussion of how these and other risks and uncertainties could cause Verint actual results to differ materially from those indicated in these forward-looking statements, please see our Form 10-K for the fiscal year ended January 31, 2023, our Form 10-Q for the quarter ended April 30, 2023, when filed and other filings we make with the SEC.

The financial measures discussed today include non-GAAP measures as we believe investors focus on those measures in comparing results between periods and among our peer companies. Please see today's slide presentation, our earnings release in the Investor Relations section of our website at verint.com for a reconciliation of non-GAAP financial measures to GAAP measures. Non-GAAP financial information should not be considered in isolation from, as a substitute for or superior to GAAP financial information but is included because management believes it provides meaningful supplemental information regarding our operating results when assessing our business and is useful to investors for informational and comparative purposes. The non-GAAP financial measures the company uses have limitations and may differ from those used by other companies.