Cognos (Switzerland) Ltd.

Cognos® Reports Second Quarter Fiscal Year 2007 Financial Results - Second quarter revenue and earnings exceed company's preliminary estimates

    Ottawa, ON & Burlington, MA, Zurich (ots) - Cognos Incorporated (Nasdaq: COGN; TSX: CSN) (all figures in U.S. dollars), the world leader in business intelligence (BI) and performance management solutions, today announced financial results for its second quarter of fiscal year 2007, ended August 31, 2006.

    Revenue for the second quarter was $229.9 million, compared with $212.0 million for the same period last fiscal year. License revenue was $78.0 million, compared with $78.6 million in the second quarter of last fiscal year.

    Net income on a U.S. GAAP basis in the quarter was $23.8 million or $0.26 per diluted share, compared with $24.9 million or $0.27 per diluted share for the same period last fiscal year. Net income on a non-GAAP basis (excluding amortization of acquisition-related intangible assets and stock-based compensation expense) for the quarter was $30.0 million or $0.33 per diluted share, compared with $29.9 million or $0.32 per diluted share for the same period last fiscal year.

    Revenue for the first six months of fiscal year 2007, ended August 31, 2006, was $446.9 million, compared with $412.1 million for the same period last fiscal year. Net income on a U.S. GAAP basis in the first six months was $38.3 million or $0.42 per diluted share, compared with $45.3 million or $0.48 per diluted share for the same period last fiscal year. Net income on a non-GAAP basis (excluding amortization of acquisition-related intangible assets and stock-based compensation expense) for the first six months of this fiscal year was $49.8 million or $0.55 per share, compared with $54.9 million or $0.59 per diluted share for the same period last fiscal year.

    Please find detailed information (Recent Highlights, Business Outlook, Statement Rob Ashe, President and CEO) and the complete message at: http://www.cognos.com/news/releases/2006/index.html  ;

ots Originaltext: Cognos (Suisse) S.A.
Internet: www.presseportal.ch

Contact:
Cognos (Suisse) S.A.
Marianne Lang
Tél.:        +41/44/439'45'20
E-Mail:    marianne.lang@cognos.com
Internet: www.cognos.ch



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