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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 EPS of $-0.12 on revenue of $92.47M.
Cognyte Software 's are down 69% and is trading at $4.75 , still down 80.40% from its 52 week high of $24.24 set on Monday, November 22, 2021.
Cognyte Software shares gained 8.07% to trade at $4.75 in intra-day trade the report.
Cognyte Software follows other major Information Technology sector earnings this month
Cognyte Software's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, for EPS of $1.07 on revenue of $11.33B.
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