Exhibit 99.1

Actuate Reports Third Quarter 2014 Financial Results

+ $24.4 million in total non-GAAP revenue;

+ $1.8 million of subscription bookings;

+ $18.2 million in non-GAAP services revenue;

+ Non-GAAP fully diluted EPS of $0.01;

+ Over 15,000 BIRT iHub F-Type downloads since July 10, 2014 launch;

+ Ranked #1 by Dresner Advisory Services in their Embedded Business Intelligence Market Study published October 29, 2014.

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

Third Quarter 2014 Financial and Operational Highlights:

  • Total non-GAAP revenue of $24.4 million;
  • Total license revenue of $6.2 million;
  • Subscription bookings of $1.8 million;
  • Booked 28 subscription deals;
  • Non-GAAP operating income of $334,000;
  • Non-GAAP fully diluted EPS of $0.01;
  • Total cash and short-term investments of $58.3 million on September 30, 2014.

"We saw steady progress in the third quarter as we continued our transition to a subscription business,” said Pete Cittadini, President and CEO of Actuate. “Actuate has a unique opportunity to combine the growing open-source community of over 3.5 million BIRT developers with our new freemium BIRT iHub F-Type, therefore building the foundation to create ubiquity of the complete BIRT stack for the industry. Since its launch on July 10, F-Type has more than 15,000 downloads and over 6,000 registrations, which has exploded Actuate’s online presence and generated new opportunities across a variety of industries.”


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

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