Actuate Corp (BIRT) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Actuate Corp

CIK: 1062478 Ticker: BIRT

Exhibit 99.1

Actuate Reports Fourth Quarter and Fiscal Year 2011 Financial Results

+ Record Annual BIRT License Business of $16.2 million Up 70% Year-over-year;

+ Total Q4 License Revenue Up 13% Year-over-year;

+ Q4 Non-GAAP Operating Margins of 27.5%;

+ Q4 Non-GAAP Fully Diluted EPS Up 25% Over Prior Year to $0.15;

+ Annual Non-GAAP Fully Diluted EPS of $0.49.

SAN MATEO, Calif.--(BUSINESS WIRE)--January 30, 2012--Actuate Corporation (NASDAQ:BIRT) - The people behind BIRT

® and the leader in open source Business Intelligence, today announced financial results for the fourth quarter and fiscal year 2011.

Fourth Quarter 2011 Financial and Operational Highlights:

  • License revenue of $13.3 million, up 13% year-over-year;
  • Q4 included 3 transactions with a license revenue component in excess of $1.0 million;
  • Non-GAAP revenue of $35.3 million, an increase of 8% from the same period a year ago;
  • Non-GAAP operating income of $9.7 million, up 23% year-over-year;
  • Non-GAAP operating margins of 27.5%, up 340 basis points from the year ago quarter;
  • Non-GAAP fully diluted EPS of $0.15 up 25% year-over-year;
  • Total cash and short-term investments, net of debt, of $67.4 million, an increase of $28.1 million from a year ago;
  • Operating cash flow of $6.9 million;
  • The Company repurchased $5.0 million worth of stock.

Fiscal Year 2011 Financial and Operational Highlights:

  • Record annual BIRT license business of $16.2 million, up 70% year-over-year;
  • Annual non-GAAP revenue of $135.0 million;
  • Annual license revenues of $49.2 million;
  • Record annual non-GAAP operating margin of 24% and non-GAAP net income margin of 19%;
  • Record annual GAAP operating margin of 15%;
  • Record annual fully diluted non-GAAP EPS of $0.49;
  • Annual operating cash flow of $21.2 million;
  • Booked 205 BIRT license transactions during 2011, up 22 year-over-year;
  • Paid off $40 million in outstanding debt.

The following information was filed by Actuate Corp (BIRT) on Tuesday, January 31, 2012 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 2012 10-K Annual Report includes:

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SEC Filing Tools
Ticker: BIRT
CIK: 1062478
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-106687
Submitted to the SEC: Fri Mar 09 2012 3:17:12 PM EST
Accepted by the SEC: Fri Mar 09 2012
Period: Saturday, December 31, 2011
Industry: Prepackaged Software

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