September 30, September 30,
---------------- ------------------
2024 2023 2024 2023
------- ------- -------- --------
Cost of cloud revenue $ 3,175 $ 2,160 $ 8,967 $ 6,360
Cost of services revenue 2,511 3,016 7,506 8,764
Cost of product revenue 30 (384) 90 (106)
Research and development 6,734 8,224 22,031 24,405
Sales and marketing 14,937 12,351 41,676 36,508
General and
administrative 21,344 21,920 57,727 57,275
------ ------ ------- -------
$48,731 $47,287 $137,997 $133,206
====== ====== ======= =======
Acquisition related
(2) and other expenses
--------------------
Quarter ended Year to date
September 30, September 30,
---------------- ------------------
2024 2023 2024 2023
------- ------- -------- --------
Cost of cloud revenue $ - $ - $ 62 $ -
Research and development - - 330 -
Sales and marketing 7 25 650 25
General and
administrative 810 428 1,687 428
------ ------ ------- -------
$ 817 $ 453 $ 2,729 $ 453
====== ====== ======= =======
NICE LTD. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO NON-GAAP EBITDA
U.S. dollars in thousands
Quarter ended Year to date
September 30, September 30,
---------------------- --------------------
2024 2023 2024 2023
Unaudited Unaudited Unaudited Unaudited
--------- ----------- --------- ---------
GAAP net income $ 120,921 $ 92,353 $ 343,079 $ 256,649
Non-GAAP
adjustments:
Depreciation and
amortization 52,964 42,269 156,244 126,148
Share-based
compensation 47,252 46,213 133,882 130,488
Financial and
other income,
net (12,280) (7,037) (41,934) (25,108)
Acquisition
related and
other expenses 817 453 2,729 453
Valuation
adjustment on
acquired
deferred
commission (1) (30) (24) (106)
Taxes on income 32,738 28,310 90,497 81,021
-------- ------- -------- --------
Non-GAAP EBITDA $ 242,411 $ 202,531 $ 684,473 $ 569,545
======== ======= ======== ========
NICE LTD. AND SUBSIDIARIES
NON-GAAP RECONCILIATION - FREE CASH FLOW FROM
CONTINUING OPERATIONS
U.S. dollars in thousands
Quarter ended Year to date
September 30, September 30,
-------------------- --------------------
2024 2023 2024 2023
Unaudited Unaudited Unaudited Unaudited
--------- --------- --------- ---------
Net cash provided by
operating
activities $ 158,961 $ 120,610 $ 583,119 $ 380,934
Purchase of property
and equipment (10,419) (5,507) (27,395) (23,126)
Capitalization of
internal use
software costs (16,812) (12,479) (47,986) (41,106)
Free Cash Flow (a) $ 131,730 $ 102,624 $ 507,738 $ 316,702
======== ======== ======== ========
(a) Free cash flow from continuing operations is defined as
operating cash flows from continuing operations less capital
expenditures of the continuing operations and less
capitalization of internal use software costs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241114018044/en/
CONTACT: Investor Relations Contact
Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763-0127, ir@nice.com, CET
Corporate Media Contact
Christopher Irwin-Dudek, +1 201 561 4442, media@nice.com, ET
(END) Dow Jones Newswires
November 14, 2024 05:30 ET (10:30 GMT)
Comments