December 20, 2007 / 1:48 PM / 10 years ago

Cognos reports bigger third-quarter profit

(In U.S. dollars unless noted)

    OTTAWA, Dec 20 (Reuters) - Cognos Inc CSN.TOCOGN.O, the business software provider being bought by IBM (IBM.N) for $5 billion, said on Thursday that third-quarter net profit nearly doubled as sales increased 16 percent.

    Cognos, which makes business intelligence software, said it earned $31 million, or 37 cents per share, in the three months ended Nov. 30, up from a profit of $16.5 million, or 18 cents per share, in the same period a year earlier.

    Adjusted profit was $43.1 million, or 51 cents a share, compared with $43.1 million, or 48 cents a share, in the year-prior quarter.

    $1=$1 Canadian Reporting by Susan Taylor; Editing by Scott Anderson

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