April 2, 2005

Cognos ends ride on high

TORONTO -- Shares in Ottawa software developer Cognos Inc. went on a wild ride yesterday after the company delivered a 27% improvement in its fourth-quarter revenues, shattering analyst expectations. Cognos shares spiked up $1.16 to $52.85 shortly after trading began on the Toronto Stock Exchange, then dropped to $51.40 in just the first two hours or trading. By mid-afternoon, the stock had recovered more than 3%, up $1.55 at $52.46.

Link: Ottawa Sun

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