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What's Going On With Cognyte Software Shares After Q1 Results?

Cognyte Software Ltd. (NASDAQ:CGNT) reported first-quarter fiscal 2025 sales growth of 12.9% year over year to $82.714 million, beating the consensus of $82.046 million. Adjusted EPS loss of $0.04 beats the consensus loss of $0.06. Gross margin expanded 265 bps to 70.6%, and the adjusted gross margin jumped to 71.1% from $68.4% YoY. Adjusted EBITDA margin improved to 6.1%, compared with a 3.1% loss a year ago. Cognyte held $107 million in cash and equivalents at the end of the quarter. ...