Cognyte Reports Strong Q1 FY27 Results with Double-Digit Revenue Growth, Reaffirms Full-Year Outlook
Summary
Cognyte Software reported strong Q1 FY27 financial results, with revenue increasing 10.4% to $105.5 million and non-GAAP operating income surging 41.5% to $10.7 million. Adjusted EBITDA also grew significantly by 31.5% to $13.6 million. The company reaffirmed its full fiscal year 2027 outlook, projecting $448 million in revenue and $68 million in Adjusted EBITDA. This performance continues the positive momentum seen in Q4 and FY26, demonstrating robust demand and operational discipline. The company also repurchased approximately $8.2 million of its shares during the quarter, signaling management's confidence.
At the time of this announcement, CGNT was trading at $9.87 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.