Cognyte achieves $109 million quarterly revenue milestone
- Cognyte Software reported fiscal Q2 2027 revenue of $109.2 million, up 12% year over year.
- Software revenue increased 20.9% to $100.8 million, representing more than 92% of total revenue.
- Profitability improved significantly, with adjusted EBITDA rising 35.7% and GAAP net income increasing to $4.1 million.
Cognyte Software (NASDAQ:CGNT) reported fiscal second quarter 2027 revenue of $109.2 million, increasing 12% year over year as demand for its AI-powered investigative analytics solutions remained strong.
Software revenue, including software and software services, increased 20.9% to $100.8 million and represented more than 92% of total revenue, compared with approximately 86% in the prior-year period.
Recurring revenue increased 18.4% to $56.2 million, representing 51.4% of total revenue, driven primarily by increased adoption of subscription offerings.
Non-GAAP operating income increased 52.5% to $12.2 million, while adjusted EBITDA rose 35.7% to $14.9 million from $11 million a year earlier.
GAAP operating income increased 69.7% to $4.7 million, while GAAP net income attributable to Cognyte rose to $4.1 million from $1.5 million in the prior-year quarter.
Cognyte also reported improved cash generation, with net cash provided by operating activities reaching $1.1 million compared with a $6.3 million operating cash outflow in the same period last year.
Cognyte Software provides AI-powered investigative analytics and intelligence solutions used by government agencies, law enforcement organizations, and enterprises.
