Q3 2026 Cognyte Software Ltd Earnings Call Transcript
Key Points
- Cognyte Software Ltd (CGNT) reported strong revenue growth of 13.2% year-over-year, driven by ongoing demand for their software solutions.
- The company secured several major deals and expansions, including a $5 million follow-on subscription agreement with a Tier 1 military intelligence organization in EMEA.
- Cognyte Software Ltd (CGNT) raised its full-year revenue guidance to approximately $400 million, representing a 14% year-over-year growth.
- The company achieved a non-GAAP gross margin of 73.1%, expanding by 297 basis points year-over-year, indicating improved operational efficiency.
- Cognyte Software Ltd (CGNT) reported strong cash flow from operations of $25 million in Q3, reflecting disciplined working capital management.
- The US federal market experienced disruptions due to a government shutdown, affecting engagement with federal agencies.
- Professional service revenue decreased by $1.7 million over last year, indicating potential challenges in service deployment or demand.
- GAAP net loss for Q3 was $3.4 million, compared to a loss of $2.6 million in Q3 last year, driven by increased tax expenses and FX impacts.
- The competitive landscape in the US market presents challenges, with companies like Palantir and others focused in the territory.
- Contract duration trends showed a slight decrease year-over-year, which could impact future revenue visibility.
Good day ladies and gentlemen. Thank you for standing by. Welcome to the Cognyte third quarter fiscal year 2026 earnings conference call. (Operator Instructions) Please note that today's conference may be recorded.
I will now hand the conference over to your speaker host, Dean Ridlon, head of investor relations. Please go ahead.
Thank you, operator. Hello, everyone. I'm Dean Ridlon, Cognyte's Head of Investor Relations. Thank you for joining us today. I'm here with Elad Sharon, Cognyte's CEO; and David Abadi, Cognyte's CFO.
Before getting started, I would like to mention that accompanying our call today is a presentation. If you'd like to view these slides in real-time during the call, please visit the Investors section of our website at cognyte.com, click on upcoming events, then the webcast link for today's conference call.
I would also like to draw your attention to the fact that certain matters discussed on this call may contain forward-looking statements within the
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