Revenue for the third quarter 2014 was $250 million, up 8.6% from $230.1 million in the corresponding quarter of 2013. Third quarter 2014 non-GAAP net profit and non-GAAP net margin increased to $42.5 million and 17%, respectively, from $38.2 million and 16.6% in the corresponding quarter of 2013. Third quarter 2014 non-GAAP earnings per share rose 12.9% to $0.70, up from $0.62 in the corresponding quarter of 2013.
NICE CEO Barak Eilam said, "We are very pleased with our strong performance for the third quarter. These results reflect the initial impact of the plan we began to execute in the second quarter of this year. This plan included a focus on improving execution, streamlining the business and increasing profitability. We have made good progress so far - organic growth accelerated and profitability improved. Additionally, analytic applications, which are at the core of our strategy, continue to perform well."
He continued, "We are in the right markets at the right time as demand around the key drivers of our business, including customer experience, compliance and regulation and security, continues to be strong from organizations worldwide. With continued robust demand for our products and a solid pipeline, we believe we are well positioned for a strong finish to the year."
The company declared a cash dividend for the third quarter of 2014 of $0.16 per share. The record date will be November 17 and the payment date will be December 2. Tax will be withheld at a rate of 15%.
Fourth quarter 2014 non-GAAP total revenue is expected to be in a range of $285 million to $300 million. Fourth quarter 2014 non-GAAP earnings per share are expected to be in a range of $0.89 to $1.01. Full year 2014 non-GAAP total revenues are expected to be in a range of $1.003 billion to $1,018 million. Full year 2014 non-GAAP earnings per share are expected to be in a range of $2.73 to $2.85.