Cognyte Reports Strong Q1 FY27 Results with Double-Digit Revenue Growth, 41.5% Non-GAAP Operating Income Increase, and Reiterates Full-Year Outlook
CGNT sits 46% above its 52-week low of $6.29.
Summary
Cognyte Software announced strong Q1 FY27 financial results, featuring 10.4% revenue growth and a 41.5% increase in non-GAAP operating income, while reiterating its positive full-year outlook and continuing its share buyback program.
Key Events · Earnings and Guidance · CGNT
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Strong Q1 FY27 Financial Performance
Revenue grew 10.4% year-over-year to $105.5 million. Non-GAAP operating income increased 41.5% to $10.7 million, and Adjusted EBITDA rose 31.5% to $13.6 million, demonstrating strong profitability growth.
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Reiterated Full-Year FY27 Outlook
The company maintained its guidance for fiscal year 2027, projecting approximately 12% year-over-year revenue growth to $448 million and about 40% Adjusted EBITDA growth to $68 million at the midpoint.
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Continued Share Repurchase Program
Cognyte repurchased approximately 1 million ordinary shares for an aggregate purchase price of $8.2 million during Q1 FY27. Since November 2024, the company has repurchased $35 million out of $60 million authorized.
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Strong Recurring Revenue and Billings Growth
Recurring revenue increased 10.0% to $51.9 million, representing 49.2% of total revenue. Billings grew 31.2% to $102.7 million compared to the same period last year.
Analysis · CGNT · Technology
Cognyte Software reported robust first-quarter fiscal year 2027 results, demonstrating significant operational improvements with double-digit revenue growth and even stronger profitability growth. The company's decision to reiterate its full-year guidance, which projects substantial revenue and Adjusted EBITDA growth, signals management's confidence in continued momentum. Additionally, the ongoing share repurchase program indicates a commitment to returning capital to shareholders.
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At the time of this filing, CGNT was trading at $9.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $849.2M. The 52-week trading range was $6.29 to $12.31. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.