David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

Cyber Security Industry Helping Verint Grow

Verint Systems Inc. (NASDAQ:VRNT) is a provider of software designed for workforce optimization, security and customer service. Verint has steadily grown over the last few years. Since fiscal 2010, revenue has grown at a CAGR of 6.6%. Over the last year and half, management has been able to improve the company's growth rate. Revenue grew 8.1% in 2014 and is expected to grow 20% in 2015. The company's high 20% growth has been aided by the recent acquisition of KANA. However on the Q1 2015 conference call, management explained revenue growth was 11% y/y excluding KANA. Management has successfully generated organic double digit growth. This double digit growth has been achieved while increasing profitability.

From 2010-2014, profit...

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