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  "docSlug": "c54d9b8bb206",
  "documentTitle": "Verint Systems, Inc. (VRNT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-05-23 00:00:00",
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      "kind": "callout",
      "text": "Term license revenue is not SaaS revenue, and should not be reported as such",
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      "text": "In its presentation to sell-side analysts earlier this week, Verint management defined yet another new cloud revenue metric: SaaS revenue...",
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      "text": "SaaS includes primarily subscription licenses bundled with managed services, as well as, some term licenses with managed services sold separately. — Verint management",
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      "text": "Three Year Target Detail: More Recurring Revenue and Expanding Margins",
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      "kind": "title",
      "text": "Inflating Reported SaaS Revenue With Revenue From Term Licenses?",
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