Cognyte Software Ltd Ordinary Shares

Cognyte Software reports a contract expansion valued at around $15 million with an existing military intelligence customer in the Asia-Pacific region. The customer is expanding the use of AI‑powered investigative analytics solutions to improve border security, counterterrorism and operational decision‑making. The news triggered a roughly 2.8% increase in the share price. » Más en de.investing.com

Cognyte Software secured a $5 million agreement with a national security agency in the Asia-Pacific region, extending an existing strategic relationship. The deal funds modernization of the agency's infrastructure and expansion of its network intelligence functions to adopt Cognyte's analytics and AI capabilities. Management said the contract reflects the company's growth execution and supports recurring revenue and profitability expansion. » Más en finance.yahoo.com

Cognyte Software reported fiscal Q1 sales of $105.5 million, a 10.4% year-over-year increase that slightly beat estimates, but non-GAAP EPS of $0.03 missed the consensus by $0.06, sending the stock sharply lower. The company reiterated full-year revenue guidance of $448 million and adjusted EPS guidance of $0.47, both roughly in line with Street expectations, but investors are concerned the profit shortfall raises the risk of missing profit targets. Shares fell about 20% intraday on the mixed results and weaker-than-expected margins. » Más en finance.yahoo.com