Cognos Reports 4Q Sales And Earnings Surge - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
3/31/2005
06:45 PM
50%
50%

Cognos Reports 4Q Sales And Earnings Surge

During the quarter, Cognos signed a $12.7 million deal, the company's largest, with an unnamed government agency.

Surging license sales and a big contract with an unnamed government agency pushed revenue at business-intelligence software vendor Cognos Inc. up 27% to $256.3 million in its fourth quarter ended Feb. 28. Net income grew 18% to $54.3 million, or 58 cents per share, the company said.

Software license revenue grew 39% to $129.9 million in the quarter. "There aren't too many companies our size growing their license revenue at 39%," says Neal Hill, Cognos' corporate development VP.

For all of fiscal 2005, revenue was $825.5 million, up 21% from $683.1 million in 2004. Net income for the year was $136.6 million ($1.47 per share), up 35% from $100.9 million in 2004.

License sales of Cognos' ReportNet reporting and analysis tool, which debuted in 2003, increased 83% year over year in the quarter to $54.3 million, the company said. Sales for the whole year reached $153.4 million. The company also said that license revenue generated by its Cognos Planning software increased 53%, although it didn't disclose a dollar figure.

During the quarter, Cognos recorded its first contract worth more than $10 million, a $12.7 million deal with a government agency that Hill declined to name. The contract with the agency, a new customer, included most of Cognos' product line, he said. Cognos inked 18 contracts worth $1 million or more during the fourth quarter and 48 such contracts throughout fiscal 2005.

For the current quarter, Cognos expects revenue in the range of $202 million to $210 million and earnings of 22 to 25 cents per share. For fiscal 2006, Cognos expects revenue in the range of $930 million to $950 million and earnings of $1.55 to $1.62 per share.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll