Cognyte reports Q2 EPS 5c, consensus (2c)

Reports Q2 revenue $84.4M, consensus $83.69M…”We delivered strong second-quarter results as we continued to execute on our growth strategy and business plan,” said Elad Sharon, Cognyte’s chief executive officer. “A healthy market and the tangible operational outcomes our solutions generate for customers are resulting in follow-on orders and driving new customer acquisitions.” He added, “At the core of our work is our mission to make the world a safer place. Our leading AI-driven solutions empower customers to confront significant, evolving threats, accelerate investigations, enable faster decision-making and mitigate a wide range of security challenges.”Cognyte has grown revenue by more than 11% in the first six months of fiscal 2025,” said David Abadi, Cognyte’s chief financial officer. “We delivered $13.3 million in Adjusted EBITDA, marking a meaningful improvement compared to almost breakeven results in the first half of the prior fiscal year. Our advanced solutions deliver significant value to our customers, driving demand. As a result of market conditions and our strong execution, we are once again raising our full-year outlook.”