Cognos beats the Street, ups bar for fiscal year
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Ottawa&#39;s Cognos Inc. logged yet another quarter of record results after Tuesday&#39;s market close, with third-quarter profits up 42 per cent from the year before.
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Cognos is acquiring analytics software provider Applix for approximately $339 million. Cognos CEO Rob Ashe said that within the context of the company&#39;s overall strategy for serving large and midsize enterprises, the move will further extend the company&#39;s capabilities to offer innovative financial performance management offerings.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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Boeing Co. BA.N on Wednesday posted  a 78 percent jump in quarterly earnings that beat Wall Street  forecasts as stronger demand for its military networking and  weapons systems helped offset a decline in commercial airplane  revenue.
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The desktop publishing software maker said its fiscal fourth-quarter profit and sales rose to beat Wall Streetâs expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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Wall Street soared yesterday, propelling the Standard &amp; Poor's 500 index and Dow Jones industrials to record highs as bright spots among generally sluggish retail sales allowed investors to toss aside concerns about the health of the economy.
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Cognos has rebranded the financial performance management software it gained through the acquisition of Applix earlier this year and provided a road map for the product line Tuesday.
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Cognos on Tuesday unveiled the third release of its Cognos 8 BI tools, which have been updated to provide more targeted performance management information to a broader set of users.Cognos, whose shareholders voted Monday to approve IBM&#39;s proposal to buy the Ottawa-based BI vendor for US$5 billion, said that Cognos 8 v3 includes new features that can help enterprise and mid-sized companies analyze transactional data from ERP systems to help front-line workers and executive make better decisions.The updated software includes a self-service reporting interface to help finance and business analysts better access financial and operational data sources and create financial statement-style reports.For business groups, the updated tool set now allows users to create and manage their own perspectives of performance information by creating new OLAP cubes with consistent information from company-wide enterprise BI tools, Cognos said. Business analysts, for example, can now build smaller, faster data sets of very specific business performance information for more targeted exploration.A new Cognos BI portal-based dashboard lets business users and executives access all of the strategic management and scorecard information of their company in one view, the company added.Finally, the software includes a feature called Briefing Books, which allows IT administrators to more easily respond to requests from senior management for a comprehensive view of performance information. Cognos said Briefing Books provides a way for executives to easily navigate multi-page reports with business data.Other new features for administrators include:-- Support services to help reduce the time required to build data models;-- Tools to create a snapshot view of system health to give administrators a single, consolidated view of the status of an entire system; and-- The ability to view multiple system metrics and set thresholds to monitor them.&quot;The broad system management advances we&#39;ve tested in Cognos&#39; enterprise platform help us speed development and overall productivity to achieve and exceed service commitments,&quot; said Thomas Haag, project manage of data warehousing and business intelligence at Lufthansa, in a statement. &quot;The administrative enhancements let our operations team proactively monitor the overall system health in real time, easing repetitive questions and speeding decisions, on peak usage days in particular.&quot;Cognos 8 v3 is now available.Computerworld is an InfoWorld affiliate.
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InfoWorld - Cognos said Monday that its Cognos 8 Go! Mobile business intelligence software now supports Windows Mobile 6 smartphones, as well as Nokia E- and N-series devices running S60 Third Edition on Symbian OS.
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Shares in Cognos Inc.    jumped 8 percent on Friday, the day after the business software  maker posted second-quarter results that beat both its own  forecasts and analyst expectations.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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InfoWorld - IBM announced the first results of its recently closedÂ acquisition of business intelligence vendor Cognos, unveiling an array of product offerings and services that tie into its Information on Demand strategy.
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Makes solid gains in 'seasonally weaker quarter'
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The company's fourth-quarter earnings beat analyst expectations.
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Cognos CEO Rob Ashe says companies are demanding a more tangible means of measuring the return on their business intelligence investment.
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United Parcel Service Inc., the  world's largest package carrier, said on Thursday its quarterly  profit rose, driven in part by strength in its international  and non-package businesses.