Slide 1: Global Leader in Investigative Analytics
GLOBAL LEADER IN INVESTIGATIVE ANALYTICS August 2024 Confidential and proprietary information of Cognyte. 11
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements This presentation contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Cognyte Software Ltd. (the “Company,” “we” and “us”
Slide 3: Table of Contents
SECTION TITLE PAGE I Executive Summary 4 II Cognyte Is Executing a Strategy to Deliver Long-Term Value 12 TABLE OF III Cognyte’s Strategy Is Driving Sustainable, Profitable Growth 21 CONTENTS IV Cognyte Has the Right Board to Oversee Its Strategy 31 Our Compensation Program Is Aligned with Our Strat
Slide 4: Executive Summary
SECTION ONE EXECUTIVE SUMMARY Confidential and proprietary information of Cognyte. 44
Slide 5: Executive Summary
EXECUTIVE SUMMARY Cognyte is a global leader in investigative analytics software that empowers a variety of government and other organizations with actionable Cognyte Is Executing intelligence; the Company was spun out of Verint Systems in 2021 a Strategy to Deliver After the spin-off, Cognyte w
Slide 6: Overview of Cognyte Software Ltd. (NASDAQ: CGNT)
OVERVIEW OF COGNYTE SOFTWARE LTD. (NASDAQ: CGNT) Cognyte is a global leader in investigative analytics software, providing actionable intelligence for a SUMMARY DATA safer world Market Value ($M) $526.7 Hundreds of governments and other organizations rely on our solutions to accelerate and condu
Slide 7: We Have Evolved the Business and Governance Over the Last Few Years
WE HAVE EVOLVED THE BUSINESS AND GOVERNANCE OVER THE LAST FEW YEARS CY 2021 CY 2022 CY 2023 CY 2024 Completed the spin-off from Sold our Situational Promoted Efi Nuri to the role Strategically invested in sales Verint and began operating Intelligence Solutions of Chief Revenue Officer and ma
Slide 8: Our Actions Have Driven Improved Performance
OUR ACTIONS HAVE DRIVEN IMPROVED PERFORMANCE NON-GAAP REVENUE GROWTH ($M) NON-GAAP GROSS PROFIT ADJUSTED EBITDA INCREASING GROWING FASTER THAN REVENUE ($M) +13% ($M) $83.7 $82.7 $5.0 $79.4 $4.6 $4.3 $77.1 $73.4 +17% $2.3 $57.8 $58.8 $55.7 $53.3 $50.2 ($2.3) Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4
Slide 9: Our Shareholder Returns Have Improved
OUR SHAREHOLDER RETURNS HAVE IMPROVED YTD 1-YEAR 2-YEAR TOTAL SHAREHOLDER RETURN TOTAL SHAREHOLDER RETURN TOTAL SHAREHOLDER RETURN 44% 44% 35% 31% 17% 15% (6%) (12%) (22%) Cognyte Proxy Peers Nasdaq Composite Cognyte Proxy Peers Nasdaq Composite Cognyte Proxy Peers Nasdaq Composite Index Index Index
Slide 10: Value Base's Nominee Will Not Add Value
VALUE BASE’S NOMINEE WILL NOT ADD VALUE TAL YAACOBI CEO and Managing Partner, Value Base Fund Limited Partnership No experience in software, defense, intelligence or any other relevant industry Has not provided any concrete suggestions for improving our strategy, operations, organization, govern
Slide 11: Shareholders Should Support Cognyte's Board
SHAREHOLDERS SHOULD SUPPORT COGNYTE’S BOARD WE HAVE TAKEN ACTION TO DRIVE OUR BOARD IS BEST POSITIONED TO SUSTAINABLE, PROFITABLE GROWTH CONTINUE EXECUTING OUR STRATEGY As a result of the pandemic, our business faced significant disruption; The Board is comprised of seven engaged, diverse and dy
Slide 12: Cognyte Is Executing a Strategy to Deliver Long-Term Value
SECTION TWO COGNYTE IS EXECUTING A STRATEGY TO DELIVER LONG-TERM VALUE Confidential and proprietary information of Cognyte. 12 12
Slide 13: Cognyte Is Making the World Safer
COGNYTE IS MAKING THE WORLD SAFER By empowering organizations with our LAW NATIONAL unparalleled investigative analytics ENFORCEMENT INTELLIGENCE technology to identify threats, provide insights, and accelerate investigations and decision making NATIONAL SECURITY ~400 Customers 13
Slide 14: Global Investigative Analytics Leader
GLOBAL INVESTIGATIVE 30 ~400 100+ 13 1,600+ ANALYTICS Years of Customers Countries Global Employees experience offices 3 years as an LEADER independent publicly traded company EMEA ~55% AMERICAS ~17% APAC ~28% *Regional Revenue % All figures on this page are for the year ended January 31, 2024 14
Slide 15: A Platform with Growth Opportunities
A PLATFORM WITH GROWTH OPPORTUNITIES: VOLUME USE CASE FUNCTIONALITY 15
Slide 16: Uniquely Designed for Our Customers' Data & Mission
Powerful data discovery capabilities UNIQUELY + Our AI-powered algorithms analyze numerous large and complex data sets to connect bits and DESIGNED FOR pieces of information and deliver insights to investigators OUR CUSTOMERS' + Generate previously unknown insights without needing to define the ques
Slide 17: Investigative Analytics Is More Crucial Than Ever
INVESTIGATIVE EXPONENTIAL EVER - ANALYTICS IS MORE DATA GROWTH INCREASING THREATS CRUCIAL THAN EVER IN VOLUMES AND DIVERSITY HIGHER TECHNOLOGY COMPLEXITY DISRUPTION 17
Slide 18: Cutting Edge Technology
CUTTING EDGE TECHNOLOGY Strong competitive advantage and robust infrastructure for future innovation STATE OF THE ART ARCHITECTURE Flexible deployment & open interface ~300 Registered patents Cloud & on-prem PLUGGABLE MACHINE LEARNING ~800 R&D experts Enhances value to customers NO CODE DATA FUSION
Slide 19: AI – Accelerate Investigations' Speed, Accuracy and Success Rate
AI – ACCELERATE INVESTIGATIONS’ SPEED, ACCURACY AND SUCCESS RATE Leveraging the synergy of our AI research hub and deep domain expertise UNCOVERING MORE HIDDEN INSIGHTS FASTER AND MORE EFFICIENT EFFECTIVE PREDICTION MORE USE Uncovering connections and relations between entities, events Automated pro
Slide 20: Well Positioned for Future Growth
WELL POSITIONED FOR FUTURE GROWTH ADDRESSING LOYAL GLOBAL MANY USE CASES CUSTOMER BASE DIFFERENTIATED TECHNOLOGY DEEP DOMAIN OUR POWERED BY AI EXPERTISE PEOPLE 20
Slide 21: Cognyte's Strategy Is Driving Sustainable, Profitable Growth
SECTION THREE COGNYTE’S STRATEGY IS DRIVING SUSTAINABLE, PROFITABLE GROWTH 21
Slide 22: Our Business Was Facing Challenges and We Took Action
Our Business Was Facing Challenges and We Took Action Challenge Goal Actions Taken Outcome Appointed a new CRO to improve Returned to growth; short- We were experiencing longer sales execution term remaining performance cycles across all geographies as Maximize pipeline sales by focusing obligations
Slide 23: We Reduced Costs to Stabilize Margins While Returning to Growth
WE REDUCED COSTS TO STABILIZE MARGINS WHILE RETURNING TO GROWTH FULL-TIME EQUIVALENT QUARTERLY SG&A EXPENSES QUARTERLY R&D EXPENSES EMPLOYEES ($M) ($M) $43 -22% 2,002 -19% $39 $39 -29% $38 $37 $35 $33 $34 $33 $33 1,652 Service & Support $31 1,613 $31 $29 $28 $27 $27 Sales & Marketing $27 $25 Researc
Slide 24: We Sold a Non-Core Asset to Sharpen Our Focus
WE SOLD A NON-CORE ASSET TO SHARPEN OUR FOCUS On October 19, 2022, Cognyte announced the sale of its non-core physical security business Situational Intelligence Solutions (SIS) The consideration paid for SIS included $47.5 million in cash plus a performance-based earn-out of up to $35 million o
Slide 25: We Strengthened Our Cash Position
WE STRENGTHENED OUR CASH POSITION NET CASH FROM OPERATING ACTIVITIES ($M) NET CASH AT QUARTER-END ($M) No debt as of April 30, 2024 $21 $19 $107 $10 $9 $83 $6 $77 $73 $74 $56 ($0) $35 $11 ($19) ($19) Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FYE 2023 FYE 2023 FYE 2023 FYE 2024 FYE 2024 FYE 202
Slide 26: Our Recent Financial Results Demonstrate Our Progress
OUR RECENT FINANCIAL RESULTS DEMONSTRATE OUR PROGRESS NON-GAAP REVENUE NON-GAAP GROSS NON-GAAP GROSS ADJUSTED EBITDA ($M) PROFIT ($M) MARGIN ($M) $84 70% 71% $83 69% 68% $79 $5.0 $4.6 $4.3 65% $73 $71 61% $58 $59 $56 $62 $50 $46 ($2.3) $38 ($4.8) ($18.3) Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q1 Q3 Q4 Q1 Prior Yea
Slide 27: Analysts Have Recognized Our Progress
ANALYSTS HAVE RECOGNIZED OUR PROGRESS “[P]ipelines continue to show improvement, and conversion rates MEAN ANALYST PRICE TARGET continue to trend in the right direction.” +206% $9.17 $8.83 June 18, 2024 $7.50 $7.25 $7.25 “Overall, we have a positive view on Cognyte’s margin improvement story… [T]he
Slide 28: Our Returns Have Generally Been Competitive with Proxy Peers
OUR RETURNS HAVE GENERALLY BEEN COMPETITIVE WITH THOSE OF OUR PROXY PEERS TOTAL SHAREHOLDER RETURN During Earl Shanks' YTD Tenure as Chair 1-Year 2-Year 3-Year Since Spin-off 56% 44% 44% 15% (6%) (6%) (12%) (22%) (57%) (62%) (73%) (75%) Cognyte Proxy Peers Despite a challenging environment following
Slide 29: Our Actions Have Supported Improved Performance and Multiple Expansion
OUR ACTIONS HAVE SUPPORTED IMPROVED PERFORMANCE AND MULTIPLE EXPANSION 2-YEAR EV/NTM REVENUE MULTIPLE TOTAL SHAREHOLDER RETURN OVER THE LAST TWO YEARS 80% 1.8x 60% 1.6x 40% 44% 1.4x 1.3x 20% 1.2x 1.0x +50% 0% 0.8x (20%) (22%) 0.9x 0.6x (40%) 0.4x (60%) 0.2x (80%) Aug. 2022 Feb. 2023 Aug. 2023 Feb. 2
Slide 30: We Expect Our Momentum to Continue
WE EXPECT OUR MOMENTUM TO CONTINUE NON-GAAP REVENUE ($M) ADJUSTED EBITDA ($M) ADJUSTED EBITDA MARGIN 6.4% $22 $344 2.9% $9 $314 $283 ($56) (19.8%) FYE 2023 FYE 2024 FYE 2025E FYE 2023 FYE 2024 FYE 2025E FYE 2023 FYE 2024 FYE 2025E We are expecting further revenue and Adjusted EBITDA growth as we con
Slide 31: Cognyte Has the Right Board to Oversee Its Strategy
SECTION FOUR COGNYTE HAS THE RIGHT BOARD TO OVERSEE ITS STRATEGY Confidential and proprietary information of Cognyte. 31 31
Slide 32: We Have Refreshed the Board Since the Spin-Off
WE HAVE REFRESHED THE BOARD SINCE THE SPIN-OFF Upon our IPO as an independent public company The newly formed Board continued to refresh its The Board continued its proactive refreshment in 2021, Cognyte formed a new Board of Directors composition, undertaking an extensive process of in 2024, adding
Slide 33: The Board Is Significantly Different Than in February 2021
THE BOARD IS SIGNIFICANTLY DIFFERENT THAN IN FEBRUARY 2021 Our Board has been reconstituted and actively refreshed to best position our Company for success through rapidly evolving industry dynamics FEBRUARY 2021 TODAY Earl Shanks Elad Sharon Dan Bodner Earl Shanks Elad Sharon Avi Cohen CEO Chair Ne
Slide 34: Our Board Is Highly Experienced
OUR BOARD IS HIGHLY EXPERIENCED Earl Shanks Elad Sharon Richard Nottenburg Dafna Sharir Chair CEO Independent Director Independent Director ▪ Former CFO of Essendent, Convergys and ▪ CEO of Cognyte ▪ Former CEO of Sonus Networks ▪ Independent Consultant with M&A expertise NCR Corporation ▪ Former Pr
Slide 35: Our Board Has the Right Skills to Oversee Our Strategy
OUR BOARD HAS THE RIGHT SKILLS TO OVERSEE OUR STRATEGY Our directors bring a balanced mix of skills, backgrounds and perspectives to oversee our strategic execution Earl Elad Richard Dafna Avi Sarit Ron Shanks Sharon Nottenburg Sharir Cohen Sagiv Shvili CEO / Senior Leadership 6 of 7 Dir
Slide 36: Our Governance Supports Effective Oversight
OUR GOVERNANCE SUPPORTS EFFECTIVE OVERSIGHT We are continuing to thoughtfully evolve our governance framework as our business matures DIVERSE, EXPERIENCED AND ACCOUNTABILITY TO ALIGNMENT WITH INDEPENDENT BOARD SHAREHOLDERS SHAREHOLDERS ✓ Directors have deep executive-level ✓ The Board and leadership
Slide 37: We Have Enhanced Our Disclosures
WE HAVE ENHANCED OUR DISCLOSURES CATEGORY DISCLOSURE ENHANCEMENT ✓ Quarterly recurring revenue KEY PERFORMANCE ✓ Quarterly short- and long-term remaining performance obligations INDICATORS ✓ Annual new customers ✓ Director skills and diversity matrix ✓ Annual General Meeting results1 ✓ Board and com
Slide 38: Our Compensation Program Is Aligned with Our Strategy and Performance
SECTION FIVE OUR COMPENSATION PROGRAM IS ALIGNED WITH OUR STRATEGY AND PERFORMANCE Confidential and proprietary information of Cognyte. 38 38
Slide 39: Our Compensation Program Design Supports Our Strategy
OUR COMPENSATION PROGRAM DESIGN SUPPORTS OUR STRATEGY Mix (% of Total)1 Intent Key Performance Dimensions 19% Provide a fixed component of compensation Fixed that attracts and retains talented executives, Based on individual skill set and Base Salary and supports stable income performance Ensu
Slide 40: Our CEO's Compensation Is, and Will Remain, Aligned with Peers
OUR CEO’S COMPENSATION IS, AND WILL REMAIN, ALIGNED WITH PEERS COGNYTE CEO PERCENTILE COGNYTE PERCENTILE COGNYTE TSR PERCENTILE RANKING VS. PEERS RANKING VS. PROXY PEERS RANKING VS. PEERS Current Plan Proposed Amended Plan 88% 76% 81% Total Cash Compensation Target 75% Current Plan: 11% Proposed Ame
Slide 41: Value Base's Campaign Is Misguided
SECTION SIX VALUE BASE’S CAMPAIGN IS MISGUIDED Confidential and proprietary information of Cognyte. 41 41
Slide 42: Value Base Has No Ideas for Improving Our Business
VALUE BASE HAS NO IDEAS FOR IMPROVING OUR BUSINESS PRINCIPAL IDEAS OFFERED BY VALUE BASE: Strategy Capital Allocation Operations Board & Governance ► NOTHING ► NOTHING ► NOTHING ► Replace the Chair or CEO with a new director who has no experience in our industry or with our customers or technology 4
Slide 43: We Have Engaged with Value Base in Good Faith
WE HAVE ENGAGED WITH VALUE BASE IN GOOD FAITH Cognyte has been engaging with Value Base for several months to better understand its concerns and perspectives As recently as last week, Cognyte spoke with Value Base and held conversations on multiple occasions in an effort to resolve the election
Slide 44: Value Base's Campaign Risks Displacing Key Leadership
VALUE BASE’S CAMPAIGN RISKS DISPLACING KEY LEADERSHIP Mr. Shanks is an accomplished executive with over 35 years of experience leading and transforming global technology businesses with disciplined financial planning and oversight He brings differentiated leadership skills with robust expertise
Slide 45: Value Base's Campaign Risks Displacing Key Leadership (Cont'd)
VALUE BASE’S CAMPAIGN RISKS DISPLACING KEY LEADERSHIP (CONT’D) Mr. Sharon has served as the CEO of Cognyte since the Company’s spin-off from Verint Systems in 2021 Over nearly three decades of service at Cognyte and its legacy organization, Verint’s Cyber Intelligence Solutions, he has developed
Slide 46: Value Base's Nominee Is Not Additive to the Board
VALUE BASE’S NOMINEE IS NOT ADDITIVE TO THE BOARD CONCERNS KEY QUESTIONS ► No operating experience in software, cybersecurity, data analytics ► What skillsets or expertise would Mr. Yaacobi bring to the or information technology Board that Cognyte’s directors do not already possess? How would these
Slide 47: Cognyte's Nominees Are Superior to Value Base's Nominee
COGNYTE’S NOMINEES ARE SUPERIOR TO VALUE BASE’S NOMINEE Cognyte’s Nominees Value Base’s Nominee Earl Shanks Elad Sharon Tal Yaacobi Key experience necessary to effectively oversee our business Has over two decades of experience in the Former senior executive at Convergys and Software business experi
Slide 48: Conclusion
SECTION SEVEN CONCLUSION Confidential and proprietary information of Cognyte. 48 48
Slide 49: Cognyte Shareholders Should Support the Board's Nominees
COGNYTE SHAREHOLDERS SHOULD SUPPORT THE BOARD’S NOMINEES VALUE BASE’S CAMPAIGN COGNYTE TOOK ACTION TO WE ARE EXECUTING WELL IS MISGUIDED AND RISKS PROTECT AND RESTORE AND PERFORMANCE HAS DISPLACING KEY SHAREHOLDER VALUE IMPROVED LEADERSHIP Shortly after our spin-off from Verint in 2021, Over the
Slide 50: Please Vote Today to Support Cognyte's Board
PLEASE VOTE TODAY TO SUPPORT COGNYTE’S BOARD Help Cognyte Focus on Creating Value by Supporting the Company’s Board of Directors Please Vote “FOR” Earl Shanks and Elad Sharon and “AGAINST” the Election of Tal Yaacobi, and “FOR” the Proposal to Approve the Amendments to Our CEO’s Compensation Plan, U
Slide 51: Appendix: Director Biographies
SECTION EIGHT APPENDIX Director Biographies Confidential and proprietary information of Cognyte. 51 51
Slide 52: Director Biographies
DIRECTOR BIOGRAPHIES DIRECTOR CURRENT & PAST AFFILIATIONS EXPERIENCE Accomplished software executive with 20+ years of experience in the security software industry As CEO, oversaw significant revenue growth and margin expansion, driven by strong innovation and a market-leading portfolio of inves
Slide 53: Director Biographies (Cont'd)
DIRECTOR BIOGRAPHIES (CONT’D) DIRECTOR CURRENT & PAST AFFILIATIONS EXPERIENCE Highly respected technology and telecommunications executive with substantial financial and business expertise, including a diversified background of managing tech companies, serving as a CEO and serving as a director of
Slide 54: Director Biographies (Cont'd)
DIRECTOR BIOGRAPHIES (CONT’D) DIRECTOR CURRENT & PAST AFFILIATIONS EXPERIENCE 40+ years of business management experience in high tech firms with a diverse executive background and wealth of C-level expertise and insight Executive Chair of ZOOZ Power since 2021; former Executive Chair of Xjet;
Slide 55: Director Biographies (Cont'd)
DIRECTOR BIOGRAPHIES (CONT’D) DIRECTOR CURRENT & PAST AFFILIATIONS EXPERIENCE Extensive experience as a C-level executive in the telecommunications and financial sectors and deep knowledge gained from serving as a director, investor, advisor and mentor for promising startups in the cyber and AI, i
Slide 56: Appendix: Peer Group Overview
SECTION EIGHT APPENDIX Peer Group Overview Confidential and proprietary information of Cognyte. 56 56
Slide 57: Proxy Peer Group Overview
PROXY PEER GROUP OVERVIEW Market Cap Enterprise Value LTM Revenue LFY CEO Target Company Name ($M) ($M) ($M) Compensation ($M)1 Employees Incorporation Primary Exchange AvePoint, Inc. $2,015 $1,799 $300 $2.81 2,543 United States NASDAQ BigCommerce Holdings, Inc. $463 $536 $324 $3.69 1,321 United Sta
Slide 58: Appendix: Financial Data
SECTION EIGHT APPENDIX Financial Data Confidential and proprietary information of Cognyte. 58 58
Slide 59: Summary metrics
Summary metrics Cagnyte Software Summary Metts reeosrlaerices onder venue we se | soa | ono | we | we | soo | oe || me | smo || eo | see || roemeworinmn Toren wa | we [om [om | oma | wes | cer [er |[ eee [ene || cer [me 7, [se ste sevees menos so olor am Dam [w= [w= [a= [am pas |es |[e= [a= [== [as
Slide 60: Cognyte Software Revenue Metrics
Cognyte Software Revenue Metrics Three Months Three Months Ended Year ended Ended ($in ns) 4130/2023 7/31/2023 10/34/21 1/34/2024 1131/2024 4/30/2024 Software and software services revenue - GAAP 66.5 66.7 71.6 73.8 278.6 75.8 Professional services and other revenue - GAAP 68 10.3 7.8 9.9 34.8 6.9 T
Slide 61: Cognyte Software Constant Currency
Cognyte Software Constant Currency Three Months Three Months Ended Year ended Ended ($ in millions) 4/30/2023 7/31/2023 10/31/2023 1131/2024 1131/2024 4130/2024 GAAP Revenue for the prior period ended $ 86.4 $ 811 $ 713 $ 733 = $ 3121 = $ 73.3 Revenue for the current period ended $ 733 $ 71 $ 794 $
Slide 62: Cognyte Software Gross Profit
Cognyte Software Gross Profit Three Months Three Months Ended Year ended Ended 4/30/2023 713112023 10/34/2023 1131/2024 4131/2024 04/30/2024 Total GAAP gross profit Total GAAP gross margin Revenue adjustments . . Intangible write-off — _ _ _ _ Amortization of acquired technology — — _ _ _ Stock-base
Slide 63: Cognyte Software Operating Expenses
Cognyte Software Operating Expenses Three Months Ended Year ended 4/30/2023 7131/2023 10/31/2023 4131/2024 4131/2024 GAAP research and development, net as a % of GAAP revenue Three Months Ended 4/30/2024 ‘Stock-based compensation expenses (0.5) (0.6) (0.7) (0.5) (2.2) (0.4) Acquisition expenses, net
Slide 64: Operating and Adjusted EBITDA margins
Operating and Adjusted EBITDA margins Cognyte Software Operating and EBITDA Margins GAAP operating profit (loss) GAAP operating margin Revenue adjustments Intangible write-off Amortization of acquired technology Amortization of other acquired intangible assets Stock-based compensation expenses Acqui
Slide 65: Other Income, Tax and Net Income
Other Income, Tax and Net Income Cognyte Software Other Income (Expenses), Tax and Net Income (loss) Months Year ended Ended Three Months Ended 4/30/2023 7/31/2023 10/31/2023 __1131/2024 113112024 4/30/2024 Other income (expense) reconciliation GAAP other income (expense), net $ 13 ¢ 03 $ 63 $ (31)
Slide 66: Tax and Net Income – FYE24 Revised
Tax and Net Income – FYE24 Revised (footnote 3) 66
Slide 67: Consolidated EPS and Diluted Shares Outstanding
Consolidated EPS and Diluted Shares Outstan Three Months ‘Three Months Ended Year ended Ended (Shares in thousands) 4/30/2023 GAAP diluted net income (loss) per share attributable to Cagnyte sofware Lid. $ (0.13) § (0.13) $ Non-GAAP diluted net income (loss) per share attributable to Cognyte softwar
Slide 68: EPS – FYE24 Revised
EPS – FYE24 Revised (footnote 3) 68
Slide 69: (1) The actual cash tax paid, net of refunds, was $2.4 million and $1.0
(1) The actual cash tax paid, net of refunds, was $2.4 million and $1.0 million for the three months ended April 30, 2024 and 2023, (2) (3) respectively. Revenue for the three months ended April 30, 2024, at constant currency is calculated by translating current-period GAAP or non-GAAP. foreign curr
Slide 70: Reconciliations of non-GAAP financial measures
The press release includes reconciliations of certain financial measures not prepared in accordance with GAAP, consisting of non-GAAP revenue, non-GAAP gross profit and gross margins, non-GAAP research and development expenses, net, non-GAAP selling, general and administrative expenses, non-GAAP ope
Slide 71: Amortization of acquired technology and other acquired intangible assets
Amortization of acquired technology and other acquired intangible assets. When we acquire an entity, we are required under GAAP to record the fair values of the intangible assets of the acquired entity and amortize those assets over their useful lives. We exclude the amortization of acquired intangi
Slide 72: Business Divestiture Gains/Losses
Business Divestiture gainsAosses. |n certain cases, we may divest a portion of our business, which may result in a gain or loss on divestiture. These gains or losses may result from the sale of a business unit or the termination of a product line or service. We exclude these gains or losses from our
Slide 73: SIS Adjusted Non-GAAP
SIS Adjusted Non-GAAP SIS Adjusted Non-GAAP is a non-GAAP financial measure used by Cognyte that excludes SIS non-GAAP direct business contribution (which was divested on December 1, 2022) on financial measures such as non-GAAP revenue, non-GAAP gross profit, and gross margins, non-GAAP research and
Slide 74: Thank You
THANK YOU Confidential and proprietary information of Cognyte. 74 74