Tools vendor Cognos has posted impressive financial results for its fourth quarter and year ended February 29.
Sales for the year were Can$207.6 million, an increase of 23 per cent on the 1994 figure. Profits more than doubled for the year, up to $23.9 million from $11.4 million. Results for Q4 mirrored the overall accounts, with a 28 per cent increase in turnover to $61 million and pre-tax profits were up to $13.5 million from $7.1 million.
Cognos president and CEO Ron Zambonini said it had achieved its goal for the year by becoming the leader in the business intelligence tools market, and had increased productivity. 'Cognos also recruited 50 resellers during the year for its Powerplay and Impromptu software,' he said.
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