Tuesday, 02 January 2024 12:17 GMT

NICE Stock Shot Up 9% Pre-Market Today Investors Cheer Upbeat Q4, $600M Buyback Plan


(MENAFN- AsiaNet News)

NiCE (NICE) on Thursday announced steady revenue growth in the fourth quarter (Q4), capping a year marked by expanding cloud demand and rising AI-driven sales. 

The customer experience software provider also authorized a $600 million share buyback program and unveiled fresh guidance for 2026.

Fourth-Quarter Performance

In Q4, total revenue climbed to $786.5 million, reflecting a 9% year-on-year increase with an adjusted earnings per share (EPS) of $3.24. While revenue exceeded analysts' consensus estimate of $779.94 million, EPS was in line, according to Fiscal AI data. 

Following the earnings announcement, NiCE stock traded nearly 9% higher in Thursday's premarket.

Get updates to this developing story directly on Stocktwits.

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AsiaNet News

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