Press release
Cognyte Announces First Quarter Results
HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte Software Ltd. (NASDAQ: CGNT) (the “Company,” “Cognyte,” “we,” “us” and “our”), a global leader in investigative
About this update from Cognyte Software Ltd.
[{"type":"text","content":" HERZLIYA, Israel--(BUSINESS WIRE)--\nCognyte Software Ltd. (NASDAQ: CGNT) (the “Company,” “Cognyte,” “we,” “us” and “our”), a global leader in investigative analytics software, today announced results for the three months ended April 30, 2022 (“Q1 FYE23”).\n\n“Cognyte has more than two decades of delivering innovative solutions, strong customer relationships, profitable growth and managing through periods of volatility. We are disappointed with our first quarter results, which were impacted by slow pipeline conversion and supply chain. We have taken actions to improve our execution and cost structure in the current environment. At this time, we are unable to give guidance but continue to believe in the long-term opportunity,” said Elad Sharon, Cognyte’s Chief Executive Officer.\n\nQ1 Highlights\n\n\nRevenue: $86.4 million (GAAP) and $86.7 million (non-GAAP)\n\n\nGross Margin: 59.7% (GAAP) and 60.8% (non-GAAP)\n\n\nDiluted EPS: $(0.45) (GAAP) and $(0.79) (non-GAAP)\n\n\nConference Call Information\n\nWe will conduct a conference call today at 8:30 a.m. ET to discuss our results for the three months ended April 30, 2022. An online, real-time webcast of the conference call and webcast slides will be available on our website at www.Cognyte.com. The conference call can also be accessed live via telephone at +1 (866) 374-5140 (United States) and +1 (404) 400-0571 (International). The Conference ID is 62536546. Please dial in 5-10 minutes prior to the scheduled start time. An archived webcast of the conference call will also be available in the “Investors” section of the company’s website.\n\nAbout Non-GAAP Financial Measures\nThis press release and the accompanying tables include non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of non-GAAP financial measures presented for completed periods to the most directly comparable financial measures prepared in accordance with GAAP, please see the tables below as well as \"Supplemental Information About Non-GAAP Financial Measures\" at the end of this press release.\n\nAbout Cognyte Software Ltd.\nWe are a global leader in investigative analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Our open software is designed to help gover...