CGNT Cognyte Software (CGNT) Q2 FY27 earnings call
Cognyte delivered a strong Q2 FY27, marked by robust growth in software and recurring revenue, alongside significant profitability expansion. The company is strategically positioned to capitalize on increasing government prioritization of national security, military intelligence, and public safety, driven by demand for trusted AI and sovereign control over intelligence capabilities. Management remains confident in its full-year outlook and FY28 targets, despite RPO fluctuations and strategic inventory investments impacting cash flow timing.
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CGNT operating KPIs by quarter
| KPI | Apr 2026 Q1 FY27 | This call 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.