In Short: Cognos Earnings A Big Deal This Quarter



By signing nine deals each worth $1 million or more for business-intelligence software, Cognos Inc.'s revenue surged 25% to $150.6 million in its first quarter ended May 31. Net income also jumped 25%, to $12.4 million. Cognos normally might ink three or four $1 million-plus deals, and it's never had more than seven in a quarter. Business-intelligence deals are getting bigger as applications evolve from departmental to enterprise apps, and as companies standardize on one set of business-intelligence tools.

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