Cognyte Software Ltd. announced a new three-year subscription agreement for over $10 million annually with a longstanding national security customer in the EMEA region. This agreement provides significant recurring revenue.
The shift to a subscription model for a high-value, multi-year contract enhances revenue predictability and strengthens Cognyte's financial outlook. It reflects the customer's long-term commitment to Cognyte's solutions.
This deal underscores the critical importance of Cognyte's investigative analytics software to national security operations. It reinforces the company's ability to secure substantial, long-term engagements with key clients.
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