Cognyte Q2 Revenue Jumps 12%, Software Growth Accelerates to 21%
CGNT sits 30% above its 52-week low of $6.29.
Summary
Cognyte delivered a strong Q2 FYE27: revenue of $109.2M, up 12% YoY, with total software revenue surging 20.9% to $100.8M — now over 92% of total revenue. Non-GAAP diluted EPS nearly doubled to $0.15, and adjusted EBITDA rose 35.7% to $14.9M. Management narrowed FYE27 revenue guidance to $448M midpoint (unchanged) and reaffirmed adjusted EBITDA of ~$68M and non-GAAP EPS of $0.47. The company repurchased 1.5M shares for $13.5M in H1, with $102.2M cash and no debt. This follows recent contract wins ($5M and $15M) and shows accelerating software mix shift. Watch the 8:30am ET earnings call for commentary on billings decline and FYE28 targets.
At the time of this announcement, CGNT was trading at $8.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $608.2M. The 52-week trading range was $6.29 to $12.31. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.