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Investors Cheer Cognos' Quarter

Stock quotes in this article: COGN , MSFT  

Updated from March 31

Cognos(COGN Quote) delivered the blowout fourth quarter Wall Street was expecting, but the software vendor's earnings projection for the first quarter was disappointing.

The stock slipped in Thursday's after-hours session, but was recently up $1.07, or 2.6%, to $42.82 in early Friday trading.

Net income in the quarter was $54.3 million, or 58 cents per diluted share, an increase of 18% compared with $46.1 million, or 50 cents per diluted share, for the same period last fiscal year. Revenue for the fourth quarter was $256.3 million, an increase of 27%, compared with $202.1 million. ...

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