Cognyte Software (CGNT) Tops Q1 EPS by 2c, Offers Guidance

Cognyte Software (NASDAQ: CGNT) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $82.7 million versus the consensus estimate of $81.7 million.

GUIDANCE:

Cognyte Software sees FY2024 EPS of ($0.07), versus the consensus of ($0.12). Cognyte Software sees FY2024 revenue of $344 million, versus the consensus of $339 million.

• Revenue: $344 million at the midpoint with a range of +/-2%, representing approximately 10% growth from previous year revenue.
• Adjusted EBITDA: Approximately $22 million at the midpoint of our revenue outlook.
• Diluted EPS: Loss of $0.07 at the midpoint of our revenue outlook.

For earnings history and earnings-related data on Cognyte Software (CGNT) click here.

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