Cognyte Software Ltd. ( (CGNT) ) has released its Q3 earnings. Here is a breakdown of the information Cognyte Software Ltd. presented to its investors.
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Cognyte Software Ltd. is a global leader in investigative analytics software, providing organizations with tools to enhance investigations and decision-making in the security sector. The company recently reported its third quarter fiscal 2025 results, highlighting a strong business momentum driven by significant deal wins and an increase in its full-year outlook.
For the third quarter ending October 31, 2024, Cognyte’s revenue increased by 12.1% to $89.0 million compared to the same period last year. The company’s adjusted EBITDA rose by 41.9% to $6.6 million, showcasing the leverage in its financial model. Additionally, non-GAAP operating income reached $3.4 million, up from $1.2 million in the previous year. Year-to-date figures show a revenue growth of 11.5% to $256.1 million, with adjusted EBITDA increasing by 324.9% to $19.9 million.
Cognyte’s balance sheet remains robust, with cash, cash equivalents, and short-term investments totaling $107.3 million as of October 31, 2024. The company also achieved significant billing milestones, securing several large deals, and hosted a successful Global Cognyte Intelligence Summit.
Looking ahead, Cognyte has raised its full-year outlook, expecting a revenue of $349 million, adjusted EBITDA of approximately $26 million, and a non-GAAP diluted EPS of $0.05. With a focus on leveraging its business model for sustained profitability, the company anticipates continued growth and robust cash flow in the coming years.
