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NICE Systems (News - Alert) has reported record non-GAAP revenues of $215 million and non-GAAP EPS of $0.57 for the first quarter of 2012.

For the first quarter ending March 31, the company recorded fully diluted earnings per share of $0.57, $70 million of cash from operations and paid about $35 million for repurchasing shares.

“We reported strong results for the first quarter of 2012, highlighted by continued revenue and EPS growth and excellent cash generation. Our pipeline is strong and we continue to see strong growth of our analytics based advanced applications in all areas of our business,” said Zeevi Bregman, president and CEO of NICE Systems.

The first quarter 2012 non-GAAP gross profit and non-GAAP gross margin were $139.5 million and 64.8 percent, respectively; and first quarter 2012 non-GAAP operating profit and non-GAAP operating margin were $39.3 million and 18.3 percent, respectively.

Also, the first quarter 2012 non-GAAP net income and non-GAAP net margin was $35.6 million and 16.6 percent, respectively; and first quarter 2012 non-GAAP fully diluted earnings per share was $0.57.

“We will continue to focus on developing and growing our cross channel analytics and real-time solution portfolio to provide our customers with the essential tools to help them improve business performance and customer experience, enhance compliance and safeguard people and assets,” added Bregman.

NICE Systems is a global provider of intent-based solutions that capture and analyze interactions and transactions, realize intent, and extract and leverage insights to deliver impact in real time.

The company was recently in news for reducing service costs for mobile customers by introducing the industry's only comprehensive offering for assisted customer service over smartphones and tablets.