Cognyte Software Swings to Fiscal Q3 Non-GAAP Net Income as Revenue Rises; Fiscal 2025 Outlook Boosted

MT Newswires Live12-11

Cognyte Software (CGNT) reported fiscal Q3 non-GAAP earnings Wednesday of $0.02 per diluted share, swinging from a loss of $0.01 a year earlier.

Two analysts polled by FactSet expected earnings of $0.11.

Revenue for the quarter ended Oct. 31 was $89 million, up from $79.4 million a year earlier.

Two analysts surveyed by FactSet expected $87.7 million.

The company said it now expects fiscal 2025 non-GAAP EPS of $0.05 on revenue of $349 million. This compares with the company's previous forecast of a non-GAAP loss of $0.03 per share on revenue of $347 million. Two analysts surveyed by FactSet expect a loss of $0.56 per share and revenue of $346.9 million.

Shares of the company were up more than 7% in recent Wednesday premarket activity.

Price: 9.24, Change: +0.62, Percent Change: +7.19

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