Revenue jumps but earnings fall short

Cognos-logo1.JPGCognos realizes an 11.7% increase in Q2 net earnings, which hit (all figures in US$) $26.5 million ($.31 a share) on revenue that rose 10.2% to $252.4 million. Total revenue from software licensing improved by 11.6% to just over $87 million. The quarter was the third in the last four that the company hit double-digit growth in total revenue and licence revenue. However, earnings per share fell short of predictions. Cognos expected earnings of between $.34 cents and $.39 cents, while analysts forecasted earnings of $.41. In separate news, the company is buying back a further $200-million worth of common shares in a bid to bolster share price. The effort has to date seen the company repurchase almost 9 million shares at a cost of roughly $361.9 million.

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