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S&P: Verint view to positive
Standard & Poor's said it revised the outlook on Verint Systems Inc. to positive from stable.
S&P also affirmed all of the ratings on the company, including its B+ corporate credit rating.
The outlook revision reflects an expectation of an improved financial risk profile following the proposed merger with Comverse Technologies, S&P said.
The ratings reflect the company's weak business risk profile, reflecting reliance on specialized product offerings within the highly competitive software industry, the agency said, and aggressive financial risk profile, characterized by a fairly acquisitive growth strategy and high leverage.
Favorable market growth, growing revenue base and orders from existing customers partially offset those factors, S&P said.
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