Business Context and Reporting Period
This Form 6-K filing by NICE Systems Ltd. (NICE) is dated February 13, 2008. The report incorporates by reference a press release announcing record financial results for the fourth quarter and the full fiscal year 2007.
Key Financial Metrics
- Revenue: The filing states that annual revenues for fiscal year 2007 crossed the $500 million mark for the first time. Specific quarterly revenue figures, profit, cash flow, margins, debt, and liquidity metrics are not explicitly detailed in the provided text, as the filing relies on the attached press release (Exhibit 99.1) for the full GAAP financial statements.
Material Changes
The primary material change highlighted is the achievement of record results for both the fourth quarter and the full fiscal year 2007. The company noted a significant milestone with annual revenues exceeding $500 million.
Guidance, Outlook, and Risks
The provided text does not contain specific forward-looking guidance, management commentary on future outlook, detailed risk factors, or contingencies beyond the announcement of record results. The filing serves primarily to incorporate the press release into the company's registration statements.
Investor Verification Checklist
- Verify the specific fourth-quarter and full-year 2007 revenue, net income, and earnings per share figures in the attached Press Release (Exhibit 99.1).
- Review the detailed GAAP financial statements referenced in the press release for cash flow, debt levels, and liquidity ratios.
- Confirm the breakdown of the $500 million+ annual revenue between recurring and non-recurring sources.
- Check for any subsequent filings that may supersede the information contained in this Form 6-K.