Results In: Micron Sees Slow Gains, Cognos Has Record - 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.


Results In: Micron Sees Slow Gains, Cognos Has Record

Micron Computer Corp. late yesterday reported a substantialincrease in profits but lower sales revenue for its first fiscal 1999 quarter, ended Dec. 3., compared with last year's first quarter. Net income for the quarter was $11.7 million, compared with $1.07 million last year, and total sales were $403.5 million, down from $558.9 million last year.

Despite the drop in year-over-year revenue, the company is on track to increase its PC market share, said chairman and CEO Joel Kocher. In a conference call, he noted that Micron's revenue increased by 19% over the preceding quarter, which ended in September. Earlier this year, Micron developed a growth strategy that hinges on selling direct to small and midsize businesses, and began to see progress with that strategy in the latest quarter, Kocher said.

Meanwhile, Cognos Inc. yesterday reported record revenues for its third quarter of 1998, ended Nov. 30. For the quarter, revenues were $76.3 million, up 23% from last year's third quarter revenue of $62 million. Net income was $19.3 million and 36 cents per share, way up compared to last year's $783,000 and 2 cents per share, and beating analysts' expectations of 35 cents per share. The biggest growth was in sales of the company's core offering, business intelligence tools, which generated $59.2 million in revenue, an increase of 32% from 1997's third quarter.

Also yesterday, Cognos said it has acquired British software vendor Relational Matters for $10 million in cash and stock. Relational Matters' key product, DecisionStream software, provides a framework that simplifies the loading of data marts by letting users collect data from typically operational sources and transform them into data marts and integrated business intelligence applications, according to Paul Hill, VP of business development at Cognos. The company will offer the software as a complement to its existing PowerPlay, PowerCubes, and Impromptu business intelligence systems.

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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Register for InformationWeek Newsletters
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll