NICE records record revenues and earnings per share in the fourth quarter

Company announces dividend program Ra\’ Anana, Israel, – NICE Systems (NASDAQ: NICE) today announced its results for the fourth quarter and throughout the year closed on December 31, 2012.

Financial highlights non GAAP (Generally Accepted Accounting Principles) for the fourth quarter of 2012 include:
• Revenue record of $240 million, 12% higher compared to the previous year
• Operating result record, 19% higher compared to the previous year, and operating margin record of 19.8%
• Net profit record of $43.2 million, an increase of 15% compared to the fourth quarter of 2011
• The fully diluted per share profit increased 17%, achieving a record of $ 0.70
• Reservation record, resulting in a “book-to-bill” significantly superior to 1.

revenues and earnings per share

Highlights them financial non-GAAP for the whole year of 2012 include:
• Income of $892 million, 12% higher in comparison to the 2011.
• Operational result 14% higher compared to the previous year and operational margin record of 19 %.
• Net profit earnings per share 18% and the top 15% higher compared to the previous year.
• Historical record of the portfolio at the end of the year.

“We are very pleased to recount results records for the fourth quarter and for all of the 2012. Finished the year with strong reservations, a record in the portfolio and a healthy pipeline; We hope that 2013 is another year of profitable growth,”said Zeev Bregman, President and Chief Executive Officer (CEO) of NICE Systems.

“Our customers demand solutions that ensure compliance improve financial results, achieve a better experience with customers and protect people and assets is getting stronger.” To change our exclusive technology assets for even greater innovation, we brought to market those who we think are the most advanced solutions based on analysis in real time in our industry. These solutions are now, by a great margin, the part that grows more in our product portfolio and are becoming one higher percentage even of the general product mix. We look forward to 2013, which we will continue to capitalize on our unique assets, including our portfolio of innovative and comprehensive products, knowledge of domain and a wide customer base”, followed Bregman.

Dividiendos program
The company also announced that its Board approved a plan of dividends which the company intends to pay cash dividends on a quarterly basis to owners of its ordinary shares and ADRs (American depositary receipt), subject to declarations of the Council. The company expected initial annual dividend of $ 0.64 per share, or $ 0.16 per share quarterly. It is expected that the first payment is made in the second quarter of 2013.

Zeevi Gregman, President and CEO of NICE Systems, commented: “the plan of dividend reflects our confidence in the strength of our business and the sustainability of its strong cash generation. The payment of a cash dividend on a quarterly basis, as well as our continued investments to support growth of the company, along with acquisitions, adds more to our commitment to bring long term value for our shareholders”.

Highlights financial non-GAAP for the fourth quarter and throughout the year closed on 31 December 2012:

Revenue: total non-GAAP revenue for the fourth quarter of 2012 totaled a record $239,5 million, 12.1% higher in relation to $213, $ 6 million in the fourth quarter of 2011. Total non-GAAP revenue for the whole year of 2012 rose 11.9% to $892,3 million compared to the $797,7 million for the whole year of 2011.

Gross profit: non-GAAP gross profit and gross margin GAAP for the fourth quarter of 2012 were not from a record of $162.2 million dollars and 67.7%, respectively, compared to $141,7 million and 66.3%, respectively, in the fourth quarter of 2011. The gross profit and the non-GAAP gross margin for the full year of 2012 climbed to $590 million and 66.1%, respectively, compared to $522,1 million and 66.1, respectively, compared to $522,1 million and 65.5%, respectively, for the same period of the previous year.

Operational results: operating income not GAAP and the operational margin GAAP for the fourth quarter of 2012 were not records $ 47.5 million dollars and 19.8% respectively, compared to $39.8 million dollars and 19.8%, respectively, compared to $39.8 million dollars and 18.6%, respectively, in the fourth quarter of 2011. Non-GAAP operating income and the non-GAAP operational margin for the entire year of 2012 climbed to $169,7 million and 19.0%, respectively, compared to $148,9 million and 18.7%, respectively, for the entire year of 2011.

Net profit: non-GAAP net income and the net margin not GAAP for the fourth quarter of 2012 climbed to $43.2 million and 18.0%, respectively, from $37.6 million and 17.6, respectively, in the fourth quarter of 2011. Non-GAAP net income and the net margin not GAAP for the year of 2012 climbed to us $154,1 million and 17.3%, respectivamiente, from $134,6 million and 16.9%, respectively, for the same period in the previous year.

Benefit fully diluted per share: diluted earnings per share non-GAAP for the fourth quarter of 2012 rose to a record of $ 0.70, or 16.7% higher compared to $ 0.60 dollars in the fourth quarter of 2011. Profit fully diluted per share non-GAAP for the entire year of 2012 rose to $ 2.48 dollars, 18.1% higher in comparison to the value of $ 2.10 for the entire year of 2011.

Highlights financial GAAP for the fourth quarter and the full year closed on 31 December 2012:

Income: total prescriptions for the fourth quarter of 2012 increased 11.3% to $237,7 million compared to $213,6 million in the fourth quarter of 2011. Throughout the year of 2012 total recipes increased 10.7% – to $879,0 million – compared to the $793,8 million for the entire year of 2011.

Gross profit: gross profit and gross margin for the fourth quarter of 2012 increased to $149,0 million and 62.7%, respectively, compared to $132,0 million and 61.8%, respectively, in the fourth quarter of 2011. Gross profit and gross margin in the year of 2012 were $527,8 million and 60.0%, respectively, compared to $486,5 million dollars and 61.3%, respectively, for the same period in the previous year.

Operational results: operating income and operating margin for the fourth quarter of 2012 rose to $18.7 million and 7.9%, respectively, compared to $15.1 million and 7.1%, respectively, in the fourth quarter of 2011. Operating income and the operational margin of throughout the year of 2012 were $45.6 million dollars and 5.2%, respectively, compared to $59.0 million and 7.4, respectively, for the entire year of 2011.

Net profit: net income and the net margin for the fourth quarter of 2012 rose to $32.1 million and 13.5%, respectively, compared to $15.2 million and 7.1%, respectively, in the fourth quarter of 2011. Net profit and the net margin for the entire year of 2012 increased to $67.9 million and 7.7%, respectively, compared to $57.3 million and 7.2%, respectively, for the entire year of 2011.

Benefit fully diluted per share: diluted earnings per share for the fourth quarter of 2012 rose to $ 0.52 dollars compared to $ 0.24 in the fourth quarter of 2011. The benefit fully diluted per share for the year everything 2012 rose to $ 1.09 compared to $ 0.89 for the whole year of 2011.

Operational cash and cash flow: the flow of operational cash for the fourth quarter of 2012 was $42.1 million dollars. In the fourth quarter, approximately $14 million dollars were used for stock buybacks. On the date of December 31, 2012, the total cash and cash equivalents, short term investments and titles and real estate values were $444,7 million, without debt.

For the first quarter and guidance for the full year of 2013:

First quarter of 2013: expected non-GAAP total prescriptions in the first quarter of 2013 to be $220 million to $230 million. The benefit of fully diluted per share non-GAAP for the first quarter of 2013 is $ 0.57 to $ $0.62 expected.

Throughout the year of 2013: expected non-GAAP total recipes throughout the year of 2013 to be $940 million to $970 million. The benefit of fully diluted per share non-GAAP for the entire year of 2013 is expected between $ 2.55 and $ 2.65.

About NICE
NICE Systems (NASDAQ: NICE) is the leading global provider of software solutions that enable organizations to take the next best action to improve the customer experience and business results, ensure compliance, combat financial crime and protect people and assets. NICE solutions help companies capture, analyze, and apply, in real time, the ideas obtained from large volumes of structured and unstructured data. These data come from multiple sources, including phone calls, mobile applications, emails, chat, social networks, videos and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including 80 of the 100 companies in the Fortune 100.