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Verint Systems sales rise on higher sales of surveillance programs

The Verint Systems building, at 330 South Service

The Verint Systems building, at 330 South Service Rd. in Melville, is seen on Jan. 6, 2014. Credit: Steve Pfost

Verint Systems Inc., Long Island's largest software maker, said Wednesday its second-quarter revenue rose on higher sales of surveillance programs to governments and law enforcement agencies.

The Melville company, whose software instantaneously analyzes large amounts of data, said sales rose to $295.9 million during the three months that ended in July, up 7 percent from the same period last year.

"We are pleased with our second quarter revenue growth and will continue to innovate and invest in long-term growth initiatives, expanding our portfolio of actionable intelligence solutions," Verint chief executive Dan Bodner said in a statement.

Despite the increase in sales, Verint reported an $11.2 million net loss for the quarter, or 18 cents per share, as the company continued to absorb expenses from its $514 million acquisition last year of KANA Software Inc. of Sunnyvale, California.

The company's sales of programs to monitor telephone calls, emails and other communications rose 22 percent, to $106.7 million. Revenue from software to analyze video rose 2 percent, $29.6 million. And Verint's largest unit, which sells programs for corporations to monitor customer service calls, emails and online chats, slipped less than 1 percent, to $159.6 million.

Verint's second-quarter sales beat analysts' expectations. But the company, which released its earnings report after the close of regular trading on Wall Street, released a lower-than-anticipated 2015 sales forecast, predicting revenue of between $1.18 billion and $1.23 billion. The company's stock fell 6 percent in early after-hours trading to $48.42.

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