Cognos reported sales of $212 million in the period, up 14 percent compared with last year's second quarter. Earnings rose 4 percent in the most recent quarter to $28.7 million. License revenue reached $78.6 million, Cognos, said, an increase of 4 percent from $75.4 million a year ago.
For the third quarter, Cognos forecast sales in the range of between $230 million and $237 million. Though the estimate falls in line with equity analysts' consensus views, Cognos' per-share third-quarter earnings forecast of between $0.36 and $0.39 falls just shy of analysts' expectations.
Cognos blamed foreign exchange issues for the anticipated shortfall. The company, which is based in Ottawa, is taking hits from a strong Canadian dollar.
Last week, Cognos released Cognos 8, an overhauled release of its chief business intelligence platform. The company said demand for the product puts Cognos in a strong position going forward.