Investing.com - Cognyte Software reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cognyte Software announced earnings per share of $-0.04 on revenue of $81.35M. Analysts polled by Investing.com anticipated EPS of $-0.12 on revenue of $92.47M.
Cognyte Software shares are down 69% from the beginning of the year, still down 80.40% from its 52 week high of $24.24 set on November 22, 2021.
Cognyte Software shares gained 8.07% in intra-day trade following the report.
Cognyte Software follows other major Information Technology sector earnings this month
Cognyte Software's report follows an earnings beat by Broadcom on September 1, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on September 12 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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