EX-99.1 3 cognos991_86541.htm EXHIBIT 99.1 Exhibit 99.1
Exhibit 99.1

COGNOS INCORPORATED
FISCAL 2006
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

As Reported:

FY2006  FY2006 
 
  Q1   Q2   Q3   Q4   Total
Revenue 
   Product license $  71,146  $  78,649  $  75,510  $117,942  $343,247 
   Product support  88,505  92,062  94,430  96,988  371,985 
   Services  40,424  41,331  42,314  38,199  162,268 
Total revenue 200,075  212,042  212,254  253,129  877,500 
Cost of revenue
   Cost of product license 1,222  1,409  1,732  1,934  6,297 
   Cost of product support  8,882  8,797  9,062  9,665  36,406 
   Cost of services  32,090  32,511  32,871  31,548  129,020 
Total cost of revenue 42,194  42,717  43,665  43,147  171,723 
Gross margin 157,881  169,325  168,589  209,982  705,777 
Operating expenses
   Selling, general and administrative  103,013  106,241  107,330  130,495  447,079 
   Research and development  28,874  28,526  27,226  30,114  114,740 
   Amortization of acquisition-related intangible assets  1,637  1,637  1,684  1,697  6,655 
Total operating expenses 133,524  136,404  136,240  162,306  568,474 
Operating income 24,357  32,921  32,349  47,676  137,303 
Interest and other income, net 2,780  3,051 3,788  7,544  17,163 
Income before taxes 27,137  35,972  36,137  55,220  154,466 
Income tax provision  3,312  7,253  7,869  11,230  29,664 
Net income $  23,825  $  28,719  $  28,268  $  43,990  $124,802 
Net income per share 
   Basic  $0.26  $0.32  $0.31  $0.49  $1.38 
   Diluted  $0.25  $0.31  $0.31  $0.48  $1.35 

5

COGNOS INCORPORATED
FISCAL 2006
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

Impact of retrospective application of FAS 123R, Share-based Payment:

FY2006  FY2006 
 
        Q1         Q2         Q3         Q4         Total
Revenue 
   Product license  $      --  $      --  $      --  $      --  $        -- 
   Product support    --    --    --    --    -- 
   Services    --    --    --    --    -- 
Total revenue   --    --    --    --    -- 
Cost of revenue
   Cost of product license    --    --    --    --    -- 
   Cost of product support  114  117  130  144  505 
   Cost of services  207  194  249  247  897 
Total cost of revenue 321  311  379  391  1,402 
Gross margin (321) (311) (379) (391) (1,402)
Operating expenses
   Selling, general and administrative  2,702  3,086  3,423  4,157  13,368 
   Research and development  891  994  1,061  1,104  4,050 
   Amortization of acquisition-related intangible assets    --    --    --    --    -- 
Total operating expenses 3,593  4,080  4,484  5,261  17,418 
Operating income (3,914) (4,391) (4,863) (5,652) (18,820)
Interest and other income, net   --    --    --    --    -- 
Income before taxes (3,914) (4,391) (4,863) (5,652) (18,820)
Income tax provision  (461) (572) (605) (956) (2,594)
Net income $(3,453) $(3,819) $(4,258) $(4,696) $(16,226)
Net income per share 
   Basic  $(0.04) $(0.05) $(0.04) $(0.05) $(0.18)
   Diluted  $(0.03) $(0.04) $(0.05) $(0.05) $(0.18)

6

COGNOS INCORPORATED
FISCAL 2006
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

After retrospective application of FAS 123R, Share-based Payment:

FY2006  FY2006 
 
  Q1   Q2   Q3   Q4   Total
Revenue 
   Product license  $  71,146  $  78,649  $  75,510  $117,942  $343,247 
   Product support  88,505  92,062  94,430  96,988  371,985 
   Services  40,424  41,331  42,314  38,199  162,268 
Total revenue 200,075  212,042  212,254  253,129  877,500 
Cost of revenue
   Cost of product license  1,222  1,409  1,732  1,934  6,297 
   Cost of product support  8,996  8,914  9,192  9,809  36,911 
   Cost of services  32,297  32,705  33,120  31,795  129,917 
Total cost of revenue 42,515  43,028  44,044  43,538  173,125 
Gross margin 157,560  169,014  168,210  209,591  704,375 
Operating expenses          
   Selling, general and administrative  105,715  109,327  110,753  134,652  460,447 
   Research and development  29,765  29,520  28,287  31,218  118,790 
   Amortization of acquisition-related intangible assets  1,637  1,637  1,684  1,697  6,655 
Total operating expenses 137,117  140,484  140,724  167,567  585,892 
Operating income 20,443  28,530  27,486  42,024  118,483 
Interest and other income, net 2,780  3,051  3,788  7,544  17,163 
Income before taxes 23,223  31,581  31,274  49,568  135,646 
Income tax provision  2,851  6,681  7,264  10,274  27,070 
Net income $  20,372  $  24,900  $  24,010  $  39,294  $108,576 
Net income per share 
   Basic  $0.22  $0.27  $0.27  $0.44  $1.20 
   Diluted  $0.22  $0.27  $0.26  $0.43  $1.17 

7

COGNOS INCORPORATED
FISCAL 2005
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

As Reported:

FY2005  FY2005 
 
  Q1   Q2   Q3   Q4   Total
Revenue 
   Product license  $ 66,070  $ 75,362  $ 91,580  $129,946  $362,958 
   Product support  74,787  76,156  81,031  88,477  320,451 
   Services  32,762  33,702  37,755  37,903  142,122 
Total revenue 173,619  185,220  210,366  256,326  825,531 
Cost of revenue
   Cost of product license  621  546  578  1,280  3,025 
   Cost of product support  7,175  7,074  8,508  10,048  32,805 
   Cost of services  25,475  27,457  28,574  31,796  113,302 
Total cost of revenue 33,271  35,077  37,660  43,124  149,132 
Gross margin 140,348  150,143  172,706  213,202  676,399 
Operating expenses
   Selling, general and administrative  90,645  90,371  102,377  122,811  406,204 
   Research and development  24,325  25,382  26,987  29,244  105,938 
   Amortization of acquisition-related intangible assets  1,236  1,228  1,501  1,637  5,602 
Total operating expenses 116,206  116,981  130,865  153,692  517,744 
Operating income 24,142  33,162  41,841  59,510  158,655 
Interest and other income, net 1,333  1,773  1,887  1,578  6,571 
Income before taxes 25,475  34,935  43,728  61,088  165,226 
Income tax provision  5,350  7,336  9,183  6,753  28,622 
Net income $  20,125  $  27,599  $  34,545  $  54,335  $136,604 
Net income per share 
   Basic  $0.22  $0.31  $0.38  $0.60  $1.51 
   Diluted  $0.22  $0.30  $0.37  $0.58  $1.47 

8

COGNOS INCORPORATED
FISCAL 2005
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

Impact of retrospective application of FAS 123R, Share-based Payment:

FY2005  FY2005 
 
        Q1         Q2         Q3         Q4         Total
Revenue 
   Product license  $       --  $       --  $       --  $       --  $         -- 
   Product support    --    --    --    --    -- 
   Services    --    --    --    --    -- 
Total revenue   --    --    --    --    -- 
Cost of revenue
   Cost of product license    --    --    --    --    -- 
   Cost of product support  119  105  148  148  520 
   Cost of services  258  251  285  254  1,048 
Total cost of revenue 377  356  433  402  1,568 
Gross margin (377) (356) (433) (402) (1,568)
Operating expenses
   Selling, general and administrative  2,497  2,565  3,558  3,477  12,097 
   Research and development  777  714  998  984  3,473 
   Amortization of acquisition-related intangible assets    --    --    --    --    -- 
Total operating expenses 3,274  3,279  4,556  4,461  15,570 
Operating income (3,651) (3,635) (4,989) (4,863) (17,138)
Interest and other income, net   --    --    --    --    -- 
Income before taxes (3,651) (3,635) (4,989) (4,863) (17,138)
Income tax provision  (427) (427) (580) (574) (2,008)
Net income $(3,224) $(3,208) $(4,409) $(4,289) $(15,130)
Net income per share 
   Basic  $(0.03) $(0.04) $(0.05) $(0.05) $(0.17)
   Diluted  $(0.04) $(0.04) $(0.05) $(0.05) $(0.17)


9

COGNOS INCORPORATED
FISCAL 2005
CONSOLIDATED STATEMENT OF INCOME BY QUARTER

(US$000s except share amounts, U.S. GAAP)
(Unaudited)

After retrospective application of FAS 123R, Share-based Payment:

FY2005  FY2005 
 
  Q1   Q2   Q3   Q4   Total
Revenue 
   Product license  $ 66,070  $ 75,362  $ 91,580  $129,946  $362,958 
   Product support  74,787  76,156  81,031  88,477  320,451 
   Services  32,762  33,702  37,755  37,903  142,122 
Total revenue 173,619  185,220  210,366  256,326  825,531 
Cost of revenue
   Cost of product license  621  546  578  1,280  3,025 
   Cost of product support  7,294  7,179  8,656  10,196  33,325 
   Cost of services  25,733  27,708  28,859  32,050  114,350 
Total cost of revenue 33,648  35,433  38,093  43,526  150,700 
Gross margin 139,971  149,787  172,273  212,800  674,831 
Operating expenses
   Selling, general and administrative  93,142  92,936  105,935  126,288  418,301 
   Research and development  25,102  26,096  27,985  30,228  109,411 
   Amortization of acquisition-related intangible assets  1,236  1,228  1,501  1,637  5,602 
Total operating expenses 119,480  120,260  135,421  158,153  533,314 
Operating income 20,491  29,527  36,852  54,647  141,517 
Interest and other income, net 1,333  1,773  1,887  1,578  6,571 
Income before taxes 21,824  31,300  38,739  56,225  148,088 
Income tax provision  4,923  6,909  8,603  6,179  26,614 
Net income $ 16,901  $ 24,391  $ 30,136  $ 50,046  $121,474 
Net income per share 
   Basic  $0.19  $0.27  $0.33  $0.55  $1.34 
   Diluted  $0.18  $0.26  $0.32  $0.53  $1.30 

10