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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

Contact:

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