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

Actuate Corp

CIK: 1062478 Ticker: BIRT

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.

The following information was filed by Actuate Corp (BIRT) on Tuesday, February 2, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Actuate Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

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  • Peers / Competitors


SEC Filing Tools
Ticker: BIRT
CIK: 1062478
Form Type: 10-K Annual Report
Accession Number: 0001193125-10-052776
Submitted to the SEC: Wed Mar 10 2010 5:28:58 PM EST
Accepted by the SEC: Wed Mar 10 2010
Period: Thursday, December 31, 2009
Industry: Prepackaged Software

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