Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Database
    • Database

    License Growth Fuels Cognos Quarter Earnings

    By
    Dennis Callaghan
    -
    March 31, 2005
    Share
    Facebook
    Twitter
    Linkedin

      Cognos exceeded its own revenue and profit estimations in its fiscal fourth quarter as the business intelligence software company drew closer to its stated goal of exceeding the billion-dollar revenue mark.

      For the quarter ending Feb. 28, Cognos Inc. reported revenues of $256.3 million, up from $202.1 million in the same period a year ago. License revenue surged to $129.9 million, up from $93.5 million year over year.

      That helped net income climb to $54.3 million from $46.1 million in the same period a year ago. For fiscal year 2005, Cognos total revenues came in at $825.5 million and net income at $136.6 million, up from $683.1 million and $100.9 million respectively over the previous fiscal year.

      “I think that we came in well over expectations,” said Ottawa-based Cognos chief financial officer Tom Manley. “Our revenue expectations were around $240 million, we came in at $256.3 million; our earnings-per-share projection was 47 cents, we came in at 58 cents.”

      License revenue was the big reason for Cognos success, Manley said.

      “Certainly our license growth is the big news story,” he said. “It was up 39 percent from a year ago and drove our overall revenue performance.”

      Cognos ReportNet enterprise reporting platform was once again the star, along with Cognos planning solutions.

      /zimages/2/28571.gifRead more here about Cognos ReportNet tool.

      Quarterly revenues for ReportNet climbed 83 percent year over year, while planning solutions revenues were up 53 percent.

      Cognos also secured its first contract over $10 million in the quarter, one of 18 deals over $1 million the company booked.

      “It was a public-sector deal led by planning, but it involved all of our products,” said Manley. “It wasnt a standardization deal, it was a CPM [corporate performance management] deal.”

      /zimages/2/28571.gifClick here to read more about Cognos profit increase in its fiscal third quarter.

      Challenges remain for Cognos though. The strength of the Canadian dollar, which has risen 13 percent in the past year, makes the companys software more expensive outside of Canada.

      “Certainly, when you look at our Q1 guidance, we are having to absorb the Canadian dollar,” said Manley. “That puts downward pressure on our EPS, until we adjust our business model.”

      But the long-term outlook for Cognos remains healthy, with the company projecting fiscal 2006 revenues in the $930- to $950-million range, putting the magical billion-dollar revenue mark within reach.

      “Its a little early for me to be commenting on that, but our outlook gets us in the 930- to 950-million range, so were getting close,” Manley said.

      Dennis Callaghan
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×