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Cognyte Software Ltd (CGNT) delivers security analytics solutions that transform complex data into actionable intelligence for government and enterprise clients. This dedicated news hub provides investors and professionals with centralized access to official announcements and strategic developments.
Track critical updates including earnings disclosures, product enhancements, and partnership agreements. Our curated feed ensures timely access to information impacting security analytics markets and investigative technology trends. Key focus areas include threat detection innovations, software platform expansions, and regulatory compliance developments.
Regularly updated with press releases and verified news, this resource enables stakeholders to monitor Cognyte's progress in advancing security intelligence capabilities. Bookmark this page for efficient tracking of operational milestones and technology deployments in the cybersecurity analytics sector.
Cognyte Software Ltd. (NASDAQ: CGNT) reported its fiscal fourth quarter and full year results for 2023, highlighting a non-GAAP revenue of $73,572 thousand for Q4 and $313,105 thousand for the year, marking a growth of approximately 6% year-over-year. The company achieved a gross margin of 64.9% in Q4 and 63.5% for the full year. However, the diluted EPS losses were $(0.16) in Q4 and $(1.24) for the year. Cognyte raised its revenue guidance for Fiscal 2024 to approximately $300 million and expects to achieve positive quarterly EBITDA by Q4 of Fiscal 2024. Executives emphasized improved cash flow from operations, significant backlog, and a favorable cost structure as drivers of future growth, while acknowledging the uncertainty in non-GAAP adjustments and future acquisitions.
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