Cognyte Software Ltd
NASDAQ:CGNT
Cognyte Software Ltd
Cognyte Software Ltd. provides security analytics software that empowers governments and enterprises with actionable intelligence for a safer world. The main activity is focused on providing security and analytics software. The firm designs software that empowers governments and enterprises with Actionable Intelligence for solutions accelerate security investigations to successfully identify, neutralize, and prevent threats.
Cognyte Software Ltd. provides security analytics software that empowers governments and enterprises with actionable intelligence for a safer world. The main activity is focused on providing security and analytics software. The firm designs software that empowers governments and enterprises with Actionable Intelligence for solutions accelerate security investigations to successfully identify, neutralize, and prevent threats.
Revenue Growth: Cognyte reported Q3 revenue of $100.7 million, up 13.2% year-over-year, driven by strong demand for AI-powered investigative and Decision Intelligence solutions.
Profitability: Operating income and adjusted EBITDA both grew significantly faster than revenue, with adjusted EBITDA reaching $11.9 million, up 81.4% from last year.
Margin Expansion: Gross margin rose to 73.1%, up 297 basis points year-over-year, reflecting premium pricing and operational efficiencies.
Raised Guidance: Full-year revenue guidance was increased to $400 million (approx. 14% growth), with adjusted EBITDA outlook raised to $47 million (about 60% growth).
Strong Cash Position: Q3 cash flow from operations was $25 million, with $106.6 million in cash and no debt at quarter-end.
Healthy Backlog: Remaining performance obligations (RPO) stood at $576.6 million, supporting future revenue visibility.
US Market Progress: The company continues to expand in the US, with new partnerships such as LexisNexis and growing momentum across federal, state, and local agencies.
