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NICE Reports 25% Year-Over-Year Cloud Revenue Growth for the Full-Year 2024

1. NICE reported Q4 revenue of $721.6M with a 16% increase. 2. Cloud revenue reached $533.9M, up 24%, supporting strong operating income.

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FAQ

Why Bullish?

The impressive revenue and cloud growth suggest robust business fundamentals, similar to other tech firms that delivered solid earnings which spurred share price rallies.

How important is it?

As a direct earnings release with significant revenue and cloud performance data, it is highly likely to impact NICE's stock promptly.

Why Short Term?

Earnings announcements typically trigger immediate market reactions, and the strong Q4 results are expected to provide a short-term boost despite longer-run potential in cloud segments.

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NICE
HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (NASDAQ: NICE) today announced results for the fourth quarter and the full year ended December 31, 2024, as compared to the corresponding periods of the previous year. Fourth Quarter 2024 Financial Highlights GAAP Non-GAAP Total revenue was $721.6 million and increased 16% Total revenue was $721.6 million and increased 16% Cloud revenue was $533.9 million and increased 24% Cloud revenue was $533.9 million and increased 24% Operating income was $154.3 million.

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