beat both top- and bottom-line estimates after the close Wednesday with a 15% jump in fiscal first-quarter revenue.
Shares of Cognos were recently up 18 cents, or 0.5%, to $33.19 in after-hours trading. The stock closed Wednesday's regular session up 62 cents, or 1.9% to $33.01.
Under generally accepted accounting principles, the Canadian business intelligence software maker reported net income of $20.1 million, or 22 cents a share, in the first quarter. That compared with net income of $12.4 million, or 14 cents a share, in the same period a year earlier.
Revenue rose 15% to $173.6 million from $150.6 million a year earlier.
Wall Street analysts expected Cognos to earn pro forma net income of 20 cents a share on $171.3 million in revenue in the first quarter, according to Multex.
Cognos expects second-quarter revenue to range from $180 million and $182 million and second-quarter earnings to range from 25 cents to 26 cents a share. The consensus estimate on Wall Street was earnings of 24 cents a share on revenue of $180.5 million.