87% more profit

Cognos Inc.’s Q3 revenue jumps by 16.3%, resulting in a near doubling of profit. Cognos-logo1.JPGIn its first quarterly report since announcing the merger with IBM, the Ottawa-based software company noted it had increased profit by 87.1% to $31 million on revenue of $288.2 million, up from $247.8 million a year ago. Orders for products, services and support were also up, as the company secured 18 deals (7 more than in Q3, 2006) in excess of $1 million and nearly 1,200 contracts worth between $50,000 and $1 million each.

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