Cognyte Software Ltd. ( (CGNT) ) has released its Q2 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 software-driven technology for investigative analytics, providing solutions that empower organizations to generate actionable intelligence from data, primarily serving law enforcement and national security sectors.
In its latest earnings report, Cognyte Software Ltd. announced a strong financial performance for the second quarter of fiscal year 2026, with notable revenue growth and improved profitability. The company also increased its fiscal year outlook, reflecting confidence in its strategic direction and market demand.
Key financial highlights include a 15.5% increase in revenue to $97.5 million for the quarter, alongside a significant turnaround in GAAP operating income, which rose to $2.7 million from a loss in the previous year. Non-GAAP operating income also saw substantial growth, reaching $8.0 million. The company completed a $20 million share repurchase program and announced a new buyback plan for up to an additional $20 million over the next 18 months.
The company’s balance sheet remains robust, with $84.7 million in cash and equivalents, despite a slight decrease from earlier in the year. Cognyte’s strategic investments in AI and analytics technology continue to drive demand, as evidenced by increased software and service revenues. The company’s backlog and remaining performance obligations provide solid visibility into future revenue streams.
Looking ahead, Cognyte’s management is optimistic about continued growth, projecting a 13% increase in revenue for fiscal year 2026 and a 55% rise in adjusted EBITDA. The company remains committed to delivering long-term shareholder value through its innovative solutions and strategic capital allocation.