COGNOS EXTENDS END-TO-END BUSINESS INTELLIGENCE LEADERSHIP; LAUNCHES COGNOS® SERIES 7 VERSION 2

-- Delivers instant projection for future trend analysis, industry leading OLAP, industry`s only complete zero footprint solution, support for massive data volumes –

Burlington, MA, Feb. 18, 2003 -- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence (BI) and performance management, today announced Cognos Series 7 Version 2. This release builds on the award-winning end-to-end business intelligence value of Cognos Series 7, and will be generally available in early March.

Cognos Series 7 Version 2 is the industry`s most comprehensive business intelligence solution offering customers flexible scorecards, dashboards, managed reporting, powerful analysis, advanced ad hoc query, actionable event-driven BI and data integration. Highlights of the release include; projection capabilities, business activity monitoring (BAM) and guided analysis capabilities, increased support for massive data volumes, powerful new analysis features and the industry`s only complete zero footprint BI solution - with no plug-ins or applets to download.

Pitney Bowes Inc. is a $4.1 billion global provider of mail and messaging solutions. It serves over 2 million businesses of all sizes in 118 countries through dealer and direct operations.

"Pitney Bowes demands a mission-critical business intelligence environment. Cognos Series 7 Version 2 will be rolling out on a distributed HP-UX 11i environment to hundreds of our users," said Aidan Doyle, Manager of Data Management, Pitney Bowes. "Cognos Series 7 offers technical and business users a breadth of application, performance and scalability that we need for our fast-paced business. As well, the ease of use and power of the Cognos OLAP solution is critical to perform the advanced analytics and predictive capabilities we require."

Projection capabilities top a long list of significant new features by providing the ability to project future values based on past performance, allowing users not only to understand the past but also make valid assumptions about the future. New notification features will trigger database events and alert users to potential problems based on trends.

This ability to "close the loop" will bring Cognos Series 7 Version 2 users closer to true business activity monitoring. As well, Cognos Series 7 Version 2 provides not only details on the event but additional highly filtered and event focused information such as customer order history reports and performance against service level agreements (SLAs).

"The business intelligence systems and deployments are now mission critical applications of leading enterprises. The requirements for a broad set of end user capabilities across the web are now critical for all organizations," said Mark Smith, CEO and SVP Research, Ventana Research. "Cognos Series 7 Version 2 addresses enterprise requirements through enhancements to the platform and end user capabilities of the suite through new zero footprint Web capabilities. The enhancements in guided analysis and what if capabilities are just part of the new capabilities in Cognos Series 7 Version 2 that includes capabilities like data integration, reporting and analysis, event detection and notification, visualization and score-carding capabilities."

Providing a Web-optimized solution that serves up information to rapidly growing extended enterprises without performance bottlenecks, Cognos Series 7 Version 2 also offers:
- Streamlined Web user interface for OLAP analysis optimal for mission-critical Intranet and Extranet environments;
- Highly scalable enterprise reporting via zero-footprint, formatted HTML; customized status reports delivered for viewing in HTML, as well as all the other previously available formats;
- Zero-footprint, browser-only interface for dashboard viewing, enabling the rapid Intranet and Extranet deployment of high-impact visualizations;
- Stateless architecture that unlike competitive offerings is not impacted by users idling on the system or simply reading information.

Cognos Series 7 Version 2 continues to build on its extensive leadership in OLAP solutions, offering time-based partitioning of PowerCubes, more calculations, flexible charting and drill through for 3rd party OLAP sources including Microsoft SSAS 2000, SAP BW, Hyperion Essbase and IBM DB2 OLAP. In addition, Cognos OLAP can scale to over one billion aggregated rows of data.

With Cognos Series 7 Version 2, Cognos adds support for HPUX 11i and IBM AIX 5L operating systems and continues to support a wide range of platforms including Solaris, Windows NT, 2000, 98, and XP. The solution provides native support for Teradata, IBM DB2, Informix, Microsoft SQL Server, Oracle, Sybase and ODBC relational data stores.

"The good news for Cognos customers keeps coming. Cognos Series 7 Version 2 continues to expand the boundaries of BI, offering the most comprehensive, integrated offerings available," said Dave Laverty, senior vice-president global marketing, Cognos. "For customers driving to get the strategic foundation for corporate performance management (CPM) in place within their organizations, the choice is Cognos Series 7 Version 2."