Cognyte Reports Strong Second Quarter Results with Accelerating Software Growth and Expanding Profitability
Cognyte posted Q2 FYE27 revenue of $109.2 million, up 12% year-over-year, with non-GAAP diluted EPS nearly doubling to $0.15 from $0.08 and adjusted EBITDA up 35.7% to $14.9 million. GAAP diluted EPS tripled to $0.06. Software revenue grew 20.9% to $100.8 million, now more than 92% of total revenue, while recurring revenue rose 18.4% to $56.2 million; management said it has visibility into approximately 85% of the next 12 months' revenue.
Key figures
- Eps
- 0.15
- Revenue
- 109200000
- Guidance
- FYE27 revenue $448M with a range of +/- 2% (~12% YoY growth at midpoint); adjusted EBITDA ~$68M midpoint (~40% YoY growth); non-GAAP diluted EPS $0.47 at midpoint; FYE28 targets reaffirmed
- Revenue Yoy
- 12%
- Cash
- 102200000
- Debt
- 0
- H1 revenue
- 214700000
- Billings q2
- 76300000
- H1 buyback usd
- 13500000
- H1 revenue yoy
- 11.2%
- Adjusted ebitda
- 14900000
- Gaap net income
- 4100000
- Gaap diluted eps
- 0.06
- New customers h1
- 40
- Software revenue
- 100800000
- Recurring revenue
- 56200000
- Revenue visibility
- approximately 85% of next 12 months' revenue
- Adjusted ebitda yoy
- 35.7%
- Buyback to date usd
- 40200000
- Non gaap gross margin
- 73.7%
- Billings prior year q2
- 93000000
- Buyback authorized usd
- 60000000
- Operating cash flow q2
- 1100000
- Non gaap operating income
- 12200000
- Software revenue growth yoy
- 20.9%
- Recurring revenue growth yoy
- 18.4%
AI analysis
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