Verint’s quarterly results were above expectations regarding total revenue and pro forma earnings per share, primarily driven by the company’s security business, which saw very strong growth this quarter. This quarter likely marks a transition point for the business, as Verint has made significant investments for growth in new areas like cyber-security, anti-fraud, unified CRM/contact center suite, and analytics.

Combined, these offerings extend the company’s total addressable market by $6 billion and are faster growth opportunities than the core business, which is still expected to grow in the mid- to upper-single-digit range organically. The company highlighted its recent acquisitions of KANA ($140 million to $150 million to 2015 revenue) and UTX Limited ($10 million to 2015 revenue) as well as an emerging cyber-security business that was developed internally.

Management’s revised outlook for fiscal 2015 calls for revenue growth of 19% to 24%, with pro forma operating margins remaining stable and pro forma earnings per share growing at a slower rate.