Cognyte Software (NASDAQ:CGNT) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
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Cognyte Software (NASDAQ:CGNT) reported quarterly earnings of $0.03 per share, surpassing estimates of $0.01 by $0.02. The company achieved revenue of $94.51 million, exceeding the expected $93.15 million. Despite a negative net margin of 3.95% and a return on equity of -13.30%, the company improved from a loss of ($0.23) EPS in the same quarter last year. Cognyte updated its FY guidance to $0.16 EPS. Following the announcement, CGNT shares rose 21% to $9.95.
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