While other companies in the data warehousing and business intelligence development space are feeling the effects of a slowing economy and tighter information technology budgets, Cognos Inc. is on track with its financial performance.
Cognos recently announced results for the fourth quarter and for fiscal year 2001, which ended Feb. 28. Revenue for the quarter set a new record at $144.1 million, compared with revenue of $118.1 million for the same period last year. Pretax income was $31.6 million, compared with $29.5 million in the fourth quarter of last year. Net income was $22.1 million or $0.24 per share, compared with $21.3 million or $0.24 per share for the fourth quarter of the prior fiscal year.
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