CGNT Cognyte (CGNT) Q1 FY27 earnings call
Cognyte is converting steady mission-critical demand into a faster-growing, higher-visibility recurring base, letting it hold total-revenue guidance while lifting the recurring-growth outlook and expanding profitability far ahead of the top line. The trade-off is near-term cash and FX drag as the perpetual-to-subscription transition and deliberate inventory build reshape collections timing. U.S. traction and platform stickiness underpin the multi-year path toward the ~$500M FY28 target.
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CGNT operating KPIs by quarter
| KPI | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Billings | $102.7MQ1 billings grew 31.2% year-over-year to $102.7 million.Source: earnings call transcript | $76.3MQ2 billings were $76.3 million.Source: earnings call transcript | -25.7% |
| Remaining performance obligation (RPO) | $528.8MAt the end of Q1, total RPO was $528.8 million.Source: earnings call transcript | $470.2MTotal RPO at quarter end was $470.2 million, including $313.4 million of short-term RPO.Source: earnings call transcript | -11.1% |
| Short-term remaining performance obligation | $353.4MShort-term RPO was $353.4 million, providing solid visibility into revenue over the next 12 months.Source: earnings call transcript | $313.4MTotal RPO at quarter end was $470.2 million, including $313.4 million of short-term RPO.Source: earnings call transcript | -11.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.