Cognyte Software (CGNT) has released an update.
Cognyte Software Ltd. has reported a strong start in the first quarter of fiscal year 2025, showcasing revenue growth, margin expansion, and a raised guidance for the year. The company ended Q1 with $107 million in cash, no debt, and anticipates approximately 10% year-over-year revenue growth to $344 million. Adjusted EBITDA is projected around $22 million, and cash from operations is expected to be about $37 million.
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