While J.P. Morgan (JPM) lowered their IT spending forecast for 2013, it sees a 3.6% growth on the horizon in 2014. That bodes well for NICE Systems (NICE) which provides solutions for capturing and analyzing customer interactions across communication channels such as phone, surveys, email and the Web—otherwise known as a Big Data platform.
Its second-quarter revenues rose 4% to $225 million year over year and the acquisition of Causata, a provider of real-time Big Data analytics technology, is expected to help drive growth in 2014.
An added bonus with NICE is its foray into the security industry with Actimize. It’s the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry.
Named No. 1 in anti-money laundering technology by Operation Risk & Regulation Magazine in 2012, the company just earned recognition from Chartis, a provider of research and analysis on risk management in the global market. It announced last month that NICE was positioned as a Category Leader in its The RiskTech Quadrant™ for Enterprise Fraud Management Solutions.
According to Chartis, a “Category Leader” is a risk technology vendor that “has the necessary depth and breadth of functionality, technology, and content, combined with the organizational characteristics to capture significant market share by volume and value.”
Sorry, no dividend here. However, during that volatile April-June period, the stock rose 27%; and while the rest of the market dipped nearly 3% in the last five trading days, it gently fell 0.18%.