NICE’s Q4 Results Surpasses Expectations, Cloud Revenue Soars; Sets Bold 2024 Targets



NICE Ltd (NASDAQ:NICE) reported fourth-quarter fiscal 2023 revenue growth of 9.6% year-over-year to $623.19 million, beating the consensus of $618.51 million.

Revenues from Cloud grew 19.5% Y/Y to $428.99 million, with a non-GAAP cloud gross margin of 71.1%, up from 70.5% YoY.

The company’s adjusted operating income increased 15% Y/Y to $186.9 million, and the margin expanded to 30% from 28.6% recorded last year.

Adjusted EPS improved to $2.36 compared to $2.04 in the prior year, beating the consensus of $2.28.

NICE operating cash flow …

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