Cognyte Software Reports Strong Q2 Earnings with Revenue and Profit Growth
Cognyte Software reported strong second-quarter results for fiscal 2027, driven by increased demand from government agencies seeking AI-powered intelligence solutions. The company's revenue rose to $109 million in the quarter, a 12% increase year over year, with software and recurring revenue growing at faster rates of 20.9% and 18.4%, respectively. Non-GAAP operating income climbed by 52.5% to $12.2 million, while adjusted EBITDA rose 35.7% to $14.9 million. The company added 40 new customers in the first half of fiscal 2027 and remains on track for $20 million in U.S.-based deals by year-end. Cognyte maintained its full-year revenue guidance, forecasting approximately $448 million with adjusted EBITDA expected at $68 million. The company ended Q2 with strong cash reserves of $102.2 million and no debt.
Topics: AI_intelligence_software government_demand profitability_expansion revenue_growth