Cognyte Software Ltd. (CGNT) has released an update.
Cognyte Software Ltd. reported robust financial performance for Q4 and the full fiscal year ended January 31, 2024, with strong revenue growth and margin expansion. The company anticipates continued growth into fiscal year 2025, projecting revenues to reach around $340 million, representing an 8.5% increase from the previous year, alongside a doubling of adjusted EBITDA. This positive outlook is underpinned by market demand stabilization, innovative technology offerings, and competitive advantages.
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