Q1 non-GAAP EPS fell $0.06 short of expectations while revenue rose 10.4% year-over-year to $105.5 million.
Cognyte Software reported Q1 non-GAAP earnings per share of $0.03, missing estimates by $0.06. The miss contrasts with stronger revenue performance, which reached $105.5 million for the quarter.
Revenue grew 10.4% year-over-year, exceeding expectations by $0.46 million. The company attributed the increase to sustained demand, marking a second consecutive quarter of double-digit growth.
Shares may face pressure as investors weigh the earnings shortfall against the positive revenue trend.