Investor Presentaiton

Q1 2018 Highlights* Revenue of $341 million, 11% growth year-over-year Cloud revenue increased 33% to $106 million Recurring revenue accounted for 69% of total revenue Gross profit increased 12% year-over-year to $241 million Gross margin increased to 70.6% compared to 69.9% last year Operating income increased 14% year-over-year to $84 million EPS $1.03, 16% increase year-over-year Operating cash flow increased to $137 million compared to $133 million * All numbers, except cash flow, are Non-GAAP All financial numbers for 2018 and the comparable period are under ASC 605 NICE®

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