UPDATE: Nice Systems Posts Upbeat Q3 Profit, Lifts Full-Year Forecast

Nice Systems NICE reported an upbeat third-quarter profit and lifted its full-year profit view. Nice Systems' quarterly net income dropped to $16.8 million, or $0.27 per share, from $18.3 million, or $0.29 per share, in the year-ago period. Excluding items, it earned $0.64 per share. Its total revenue climbed around 9.7% to $218.9 million. Excluding items, the company's revenue surged 10.2% to $220.9 million. However, analysts were expecting an adjusted profit of $0.57 per share on revenue of $220.8 million. Nice Systems shares closed at $30.86 on Friday.