NICE Ltd.: Solid Results And Growth Profile

Nov. 28, 2022 6:35 PM ETNICE Ltd. (NCSYF) Stock, NICE Stock, , , , , , ,
Karreta Advisors
1.41K Followers

Summary

  • NICE reported robust results for Q3 FY12/2022, with cloud revenues growing 26% YoY.
  • With recurring revenues making up 82% of the total, earnings visibility remains high.
  • A well-capitalized company that can continually invest in the business and serves its customers well. We reiterate our buy rating from August 2021.

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Investment thesis

NICE Ltd. (NASDAQ:NICE) reported robust results for Q3 FY12/2022, highlighting its ability to sustain growth and generate high profitability. We revisit our initial buy rating from August 2021 and conclude that with

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