RA`ANANA, Israel (AP) _ Nice Ltd. (NICE) on Thursday reported first-quarter profit of $52.2 million.
The Ra`Anana, Israel-based company said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The software company posted revenue of $455 million in the period. Its adjusted revenue was $457 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $451.5 million.
For the current quarter ending in July, Nice expects its per-share earnings to range from $1.45 to $1.55.
The company said it expects revenue in the range of $445 million to $455 million for the fiscal second quarter.
Nice expects full-year earnings in the range of $6.19 to $6.39 per share, with revenue ranging from $1.8 billion to $1.82 billion.
Nice shares have declined 22% since the beginning of the year. The stock has risen 27% in the last 12 months.
The Associated Press