In 2021, the company had a turnover of over EUR7 million (RON35.2 million) and increased its staff numbers by some 35 people, reaching on average 115 employees at end-2021, as per finance ministry data.
Cognyte Romania, present on the local market since 2018, ended 2021 with a turnover of over EUR7 million (over RON35.2 million), up almost 36% from EUR5.2 million (RON25.8 million) in 2020, finance ministry data also shows. Instead, its net profit fell by nearly 85% in 2021, to little over EUR69,000 (RON337,000), the same source says.
In 2020, the first pandemic year, Cognyte Romania’s turnover grew by 67% to over EUR5.2 million (RON25.8 million) and its net profit stood at EUR443,000 (RON2.1 million), up 96% on the year. In 2020, the company had on average 80 employees.
Globally, Cognyte – with revenue of $463 million in 2021 fiscal year – has some 2,000 employees, 16 offices and seven research and development centers, as per data on the company’s website.