Cognyte Increases Share Buyback Program By $20M

This authorization represents the Company's third $20 million repurchase approval since launching its program in November 2024. The newly approved increase brings the total authorized for share repurchases to $40 million and reflects the board's ongoing commitment to disciplined capital allocation and long-term shareholder value creation.

This authorization is in addition to the Company's existing $20 million share repurchase authorization, of which approximately $8.9 million had been utilized prior to this authorization. The board and management remain committed to delivering long-term shareholder value, supported by the Company's strong balance sheet, consistent cash generation and confidence in its growth prospects.