Cognyte Software Ltd Q1 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Peter Marc Levine - Evercore ISI Institutional Equities, Research Division - Analyst : Your commentary earlier on the call, you said better budget discussions seems like customers are returning to normal behavior versus last year. Can you kind of just maybe dive into that a little bit deeper, expenses kind of what you're seeing on the top of the funnel, conversion rates and then your expectations, I think, throughout the rest of the year in terms of the macro impacting your ability to further reaccelerate?

Question: Peter Marc Levine - Evercore ISI Institutional Equities, Research Division - Analyst : And maybe just the last one is good to see free cash flow tick higher. Maybe just talk about the levers that you're pulling internally on like marketing side, R&D side, where -- what's the trade-off if you're going to deliver a little bit more leverage. Maybe talk about what the trade-off is or maybe just again, just emphasize on kind of where you're cutting costs while still being efficient in terms of growth.

Question: Peter Marc Levine - Evercore ISI Institutional Equities, Research Division - Analyst : Correct.