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Press Release Exhibit 99.1 VERINT Investor Relations Contact Matthew Frankel , CFA Verint Systems Inc. ( 631 ) 962-9672 matthew.frankel@verint.com Verint Announces Another Quarter of Strong Cloud Growth Strong Momentum in First Half ; Raising Guidance for the Year MELVILLE , N.Y. , September 9 , 2021 - Verint® ( Nasdaq : VRNT ) , The Customer Engagement Company ™ , today announced results for the three and six months ended July 31 , 2021 ( FYE 2022 ) . Revenue for the three months ended July 31 , 2021 was $ 215 million on a GAAP basis representing 5 % year - over - year growth and $ 216 million on a non - GAAP basis representing 4 % year - over - year growth . Revenue for the six months ended July 31 , 2021 was $ 416 million on a GAAP basis representing 7 % year - over - year growth and $ 418 million on a non - GAAP basis representing 5 % year - over - year growth . For the three months ended July 31 , 2021 , diluted EPS was $ 0.00 on a GAAP basis and , $ 0.58 on a non - GAAP basis . For the six months ended July 31 , 2021 , net loss per common share was ( $ 0.04 ) on a GAAP basis , and diluted EPS was $ 1.01 on a non - GAAP basis . " Since the completion of the Cognyte spin at the beginning of the year , we have experienced strong cloud momentum and believe we have crossed the mid - point of our cloud transition . We expect our cloud momentum to continue in the second half of the year and we are raising our annual outlook for non - GAAP revenue , cloud revenue and diluted EPS . We are also raising our annual outlook for new perpetual license equivalent bookings growth , which we believe is an important metric during our cloud transition and a leading indicator of future revenue growth , " said Dan Bodner , Verint CEO . Bodner added : " Behind our strong momentum is our strategy to drive automation in customer engagement across the enterprise with our open cloud platform . We believe that more and more brands are embracing digital first engagement and that we are uniquely positioned to help them with our open , partner friendly , infrastructure - agnostic cloud platform . We continue to rapidly innovate our cloud platform to power the workforce of people and bots , to embrace an enterprise - wide customer experience culture , and to harness data to drive more Al and analytics into their business . " Second Quarter Key Cloud Metrics • Strong Cloud Growth : Cloud revenue up more than 43 % year - over - year • Strong Software Bookings Growth : New perpetual license equivalent ( PLE ) bookings up 17 % year - over- year • • SaaS Bookings Mix : 53 % of PLE bookings from SaaS compared to 43 % in the same quarter in the prior year Improving Visibility from Multi - year Cloud Deals : Remaining performance obligations ( RPO ) increased 29 % year - over - year to $ 627 million FYE 2022 Outlook We are increasing our non - GAAP annual outlook for the year ending January 31 , 2022 as follows : • Cloud Revenue Growth : 35 % ( up from a range of 30 % to 35 % ) • New PLE Bookings Growth : 15 % ( up from 10 % + ) Revenue : $ 872 million with a range of +/- 2 % ( up from $ 860 million )