CGNT - Cognyte Raises FY24 Forecast Expects $11.5M-$12.5M In Stock-based Compensation Following Strong Q3 Performance | Benzinga
Cognyte Software Ltd. (NASDAQ: CGNT) reported a third-quarter FY24 adjusted sales increase of 11.4% year-on-year to $79.39 million, beating the consensus of $77.63 million.
Adjusted EPS of $0.34 beats the consensus of $.01.
Gross margin expanded 680 basis points Y/Y to 70.2%, and the adjusted gross profit jumped 23% to $55.74 million.
Adjusted EBITDA margin was 5.8%, ...