Actuate Corp (BIRT) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Exhibit 99.1

Actuate Reports Fourth Quarter and Fiscal Year 2009 Financial Results

Record Full Year Non-GAAP EPS of $0.40, Up 48%; Record Full Year Non-GAAP Operating Margins of 21.5%; Record Quarterly BIRT-Related Business of over $6.5 million;

SAN MATEO, Calif.--(BUSINESS WIRE)--February 2, 2010--Actuate Corporation (NASDAQ:ACTU), the people behind BIRT™, today announced financial results for the fourth quarter and fiscal year 2009.

Financial and Operational Highlights:

• Record annual fully diluted non-GAAP EPS of $0.40 up 48% and fully diluted GAAP EPS of $0.25 up 19% on an annual basis;
• Record annual non-GAAP operating margins of 21.5% up almost 3% from the prior year;
• Q4 license revenues of $10.2 million, up 19% sequentially, and up 2% from the prior year;
• Booked transactions greater than $100,000 with 87 customers during Q4, versus 76 a year ago;
• Q4 revenue included two transactions with a license component in excess of $1.0 million;
• Booked 150 BIRT-based transactions in Q4, bringing the total for 2009 to over 500;
• Record $6.5 million in BIRT-related business for Q4; annual BIRT-related business of $18.2 million, up 18% over the prior year;
• Total cash, cash equivalents and investments of $75.5 million, up $17.1 million year-over-year net of $10.0 million of share repurchases;
• Actuate’s Board of Directors has approved a stock repurchase during Q1 2010 of up to $5.0 million;
• Actuate's acquisition of Xenos closed on February 1, 2010, with Actuate acquiring 95.2% of Xenos outstanding shares. The shares acquired by Actuate are sufficient to permit Actuate to acquire all remaining Xenos shares not tendered.