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Actuate Corp (BIRT) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Actuate Corp

CIK: 1062478 Ticker: BIRT

Exhibit 99.1

Actuate Reports Fourth Quarter and Full Year 2013 Financial Results

+ Double digit growth for BIRT iHub-based license business and total BIRT iHub-based business in 2013;

+ FY 2013 cash flow from operations of $24 Million, up 20% year-over-year;

+ Recorded $1.3 million of subscription bookings in Q4;

+ Acquired German software firm legodo ag on January 31, 2014, extending Actuate’s CCM offering into the interactive customer correspondence space.

SAN MATEO, Calif.--(BUSINESS WIRE)--February 4, 2014--Actuate Corporation (NASDAQ: BIRT), The BIRT Company and the leader in personalized analytics and insights, today announced financial results for the fourth quarter and full year 2013.

Fourth Quarter 2013 Financial and Operational Highlights:

  • Total license revenue of $14.6 million;
  • Total revenue of $32.4 million;
  • Booked 3 transactions with a license component in excess of $1.0 million;
  • Booked 66 transactions greater than $100,000;
  • Non-GAAP operating income of $6.4 million and non-GAAP operating margin of 20%;
  • Non-GAAP fully diluted EPS of $0.09;
  • Total cash and short-term investments of $79.9 million on December 31, 2013, an increase of $13.4 million from December 31, 2012;
  • Operating cash flow of $12.5 million;
  • Repurchased $10.0 million worth of stock during the quarter.

Fiscal Year 2013 Financial and Operational Highlights:

  • Double digit growth for BIRT iHub-based license business and total BIRT iHub-based business;
  • Total license revenue of $60.5 million, up 5% year-over-year;
  • Annual non-GAAP revenue of $134.6 million;
  • Booked 12 transactions with a license component in excess of $1.0 million;
  • Booked 266 transactions greater than $100,000 during 2013;
  • Fiscal year 2013 non-GAAP operating margin of 17% and non-GAAP net income margin of 12%
  • Annual fully diluted non-GAAP EPS of $0.32;
  • Annual operating cash flow of $24.5 million, up 20% year-over-year;
  • Repurchased $26.1 million worth of stock during the year.

The following information was filed by Actuate Corp (BIRT) on Tuesday, February 4, 2014 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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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Activities Related To Unvested Rsus And Msus (detail)
Activity Under All (non-xenos) Option Plans (detail)
Activity Under All (non-xenos) Option Plans (parenthetical) (detail)
Actuate 401(k) Plan
Actuate 401(k) Plan (tables)
Actuate 401(k) Plan - 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)
Components Of Provision For Income Taxes (detail)
Contingencies
Contractual Obligations And Commercial Commitments
Contractual Obligations And Commercial Commitments (tables)
Contractual Obligations And Commercial Commitments - Additional Information (detail)
Contribution Activities (detail)
Cost Related To Credit Facility (detail)
Deferred Revenue
Deferred Revenue (detail)
Deferred Revenue (tables)
Deferred Revenue - Additional Information (detail)
Difference Between Provision For Income Taxes And Amount Computed By Applying Federal Statutory Rate (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)
Geographic Information
Geographic Information (tables)
Goodwill And Purchased Intangible Assets
Goodwill And Purchased Intangible Assets (tables)
Goodwill And Purchased Intangible Assets - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Investment In Actuate Japan
Investment In Actuate Japan - Additional Information (detail)
Other Purchased Intangible Assets (detail)
Profit Before Income Taxes For Domestic And Foreign Operations (detail)
Property And Equipment
Property And Equipment (detail)
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Purchase Price Allocation Related To Acquired Assets And Useful Life (detail)
Reconciliation Of Amount Of Unrecognized Tax Benefits (detail)
Restructuring Accrual Activity (detail)
Restructuring Charges
Restructuring Charges (tables)
Restructuring Charges - Additional Information (detail)
Revenues By Geographic Area (detail)
Schedule Ii-valuation And Qualifying Accounts
Schedule Of Share Based Compensation Shares Issued As Result Of Executive Option Under Various Plans (detail)
Schedule Of Share Based Compensation Shares Issued 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)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (tables)
Share-based Compensation Expense And Related Income Tax Benefit (detail)
Significant Components Of Deferred Tax Assets And Liabilities For Federal And States (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Activities Related To Restricted Stock Units (detail)
Summary Of Cash, Cash Equivalents, Short-term Investments And Non-current Investments (detail)
Summary Of Cash, Cash Equivalents, Short-term Investments And Non-current Investments (parenthetical) (detail)
Summary Of Contractual Obligations (detail)
Summary Of Contractual Obligations (parenthetical) (detail)
Summary Of Market-performance Based Restricted Stock Units (detail)
Summary Of Market-performance Based Restricted Stock Units (parenthetical) (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 Options Outstanding (vested And Expected To Vest) And Exercisable (detail)
Summary Of Stock Options Outstanding And Exercisable (detail)
Unaudited Quarterly Financial Data (detail)
Valuation And Qualifying Accounts (detail)
Weighted Average Grant Date Fair Value Of Restricted Stock Units Granted (detail)
Ticker: BIRT
CIK: 1062478
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-088985
Submitted to the SEC: Fri Mar 07 2014 3:47:48 PM EST
Accepted by the SEC: Fri Mar 07 2014
Period: Tuesday, December 31, 2013
Industry: Prepackaged Software

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