Verint's Revenue Decline Continues Q3 2010
Published Dec 08, 2010 00:00 AM
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While Verint's overall revenue was flat for Q3 2010 [link no longer available], revenue for its video surveillance division (the 'Video Intelligence Segment') fell 10% year over year. In Q3 2009 video surveillance revenue was nearly $34 Million USD. In Q4 2010, revenue declined to $30.6 Million.
This continues a year long declining revenue streak for Verint's video surveillance division following decreases in both Q1 2010 and Q2 2010.
Verint is one of a number of incumbents with business both in the legacy (and declining) analog segment and growing IP market.