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Verint Systems in Melville reports lower revenue, wider net loss

Verint Systems on Wednesday posted lower revenue and

Verint Systems on Wednesday posted lower revenue and a wider net loss for the quarter ended July 31 compared to the same quarter a year ago, amid a downturn in sales of its cybersecurity products. Credit: Ana Maria Rico

Verint Systems Inc. Wednesday posted lower revenue and a wider net loss for the quarter ended July 31 amid a downturn in sales of its cybersecurity products.

The Melville provider of hardware and analytics software used in security, video surveillance and business intelligence posted sales of $261.9 million versus $295.9 million in the 2015 quarter. The net loss was $11.1 million, or 19 cents per diluted share, compared to a net loss of $7.1 million, or 11 cents per share, in the year-earlier period.

The loss in cybersecurity was partly offset by a gain in enterprise products used in call centers.

The company forecast revenue for the year ending Jan. 31, 2017, to be $1.11 billion, plus or minus 2 percent.

Chief executive Dan Bodner said in a statement that Verint had received a government contract valued at more than $200 million, the largest such project in the company’s history.

Shares of Verint rose 35 cents to $35.51 in after-hours trading on the Nasdaq Stock Market. They are down about 26 percent in the past 12 months.

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