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Actuate Corp (BIRT) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2013

Actuate Corp

CIK: 1062478 Ticker: BIRT

Exhibit 99.1

Actuate Reports Third Quarter 2013 Financial Results

+ Total license revenue of $14.3 million, up 8% year-over-year

+ BIRT iHub-based license business up 56% year-over-year

+ Total BIRT iHub-based business up 38% year-over-year

+ Number of BIRT developers surges above 3 Million worldwide

SAN MATEO, Calif.--(BUSINESS WIRE)--November 5, 2013--

Actuate Corporation (NASDAQ:BIRT), “The BIRT Company™” and the leader in personalized analytics and insights, today announced financial results for the third quarter 2013.

Third Quarter 2013 Financial and Operational Highlights:

  • Total license revenue of $14.3 million;
  • Total revenue of $32.3 million;
  • Non-GAAP operating income of $5.1 million and non-GAAP operating margin of 16%;
  • Non-GAAP fully diluted EPS of $0.07;
  • Booked 2 transactions with a license component in excess of $1.0 million;
  • Booked 63 deals greater than $100,000;
  • Total cash and short-term investments of $71.9 million on September 30, 2013, an increase of $5.5 million from December 31, 2012;
  • Repurchased $6.2 million worth of stock during the quarter.

“Despite some macroeconomic uncertainty, particularly in Asia Pacific, we are reporting continued solid double-digit growth of total BIRT iHub-based business and iHub-based license business,” said Peter Cittadini, President and CEO of Actuate. “Our results demonstrate that our strategy of focusing on BIRT is working and we remain committed to continued investment in world-class execution and operational techniques to capitalize on the significant market opportunity in front of us.”


The following information was filed by Actuate Corp (BIRT) on Tuesday, November 5, 2013 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Income
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Amortization Expense (detail)
Assets Measured At Fair Value On Recurring Basis (detail)
Assets Measured At Fair Value On Recurring Basis (parenthetical) (detail)
Assumptions Used To Estimate Fair Value Of Stock Options Granted And Stock Purchase Rights Granted Under Our Employee Stock Purchase Plan (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Cost Related To Credit Facility (detail)
Deferred Revenue
Deferred Revenue (detail)
Deferred Revenue (tables)
Deferred Revenue - Additional Information (detail)
Fair Value Measurements Of Financial Assets And Liabilities
Fair Value Measurements Of Financial Assets And Liabilities (tables)
Fair Value Measurements Of Financial Assets And Liabilities - Additional Information (detail)
Goodwill And Other Purchased Intangible Assets
Goodwill And Other Purchased Intangible Assets (tables)
Goodwill And Other Purchased Intangible Assets - Additional Information (detail)
Market-performance Based Restricted Stock Units (detail)
Other Purchased Intangible Assets (detail)
Purchase Price Allocation Related To Acquired Assets And Useful Life (detail)
Restructuring Accrual Activity (detail)
Restructuring Charges
Restructuring Charges (tables)
Restructuring Charges - Additional Information (detail)
Revenues By Geographic Area (detail)
Schedule Of Share Based Compensation Shares As Result Of Executive Option Under Various Plans (detail)
Schedule Of Share Based Compensation Shares As Result Of Executive Option Under Various Plans (parenthetical) (detail)
Schedule Of Weighted-average Common Shares Used To Calculate Basic Net Income Per Share (detail)
Segment And Geographic Information
Segment And Geographic Information (tables)
Segment And Geographic Information - Additional Information (detail)
Share-based Compensation Expense And Related Income Tax Benefit (detail)
Subsequent Event - Additional Information (detail)
Subsequent Events
Summary Of Cash, Cash Equivalents And Short-term Investments (detail)
Summary Of Cash, Cash Equivalents And Short-term Investments (parenthetical) (detail)
Summary Of Market-performance Based Restricted Stock Units (detail)
Summary Of Restricted Stock Unit Activity (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Stock Option Outstanding (vested And Expected To Vest) (detail)
Summary Of Stock Option Outstanding And Exercisable (detail)
Weighted Average Grant Date Fair Value Of Restricted Stock Units Granted (detail)
Ticker: BIRT
CIK: 1062478
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-13-435270
Submitted to the SEC: Fri Nov 08 2013 4:20:38 PM EST
Accepted by the SEC: Fri Nov 08 2013
Period: Monday, September 30, 2013
Industry: Prepackaged Software

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