Actuate veröffentlicht Geschäftszahlen für das zweite Quartal

BIRT Momentum Continues with Record Quarterly BIRT-driven Business of $4.0 Million.

Cumulative BIRT Downloads Now Exceed Four Million.

Non-GAAP Operating Income up 227% Sequentially.

SAN MATEO, Calif.--(BUSINESS WIRE)--Aug. 4, 2008--Actuate Corporation (NASDAQ:ACTU), the leader in delivering Rich Internet Applications Without Limits(TM), today announced its financial results for the second quarter of 2008.

Financial and Operational Highlights

-- Second quarter revenues of $34.6 million and non-GAAP EPS of $0.08;

-- Second quarter license revenue of $12.3 million, up 61% sequentially;

-- Second quarter maintenance revenues of $18.6 million up 11.4% year-over-year;

-- Second quarter non-GAAP operating margin of 19.1%;

-- Closed transactions greater than $100,000 with 72 customers in the second quarter, including one revenue transaction over $1 million;

-- Record year-to-date BIRT-driven revenues of over $6.5 million, up over 100% year-over-year;

-- Record first half operating cash flows of $16.9 million.

"We remain pleased with the continued growth in BIRT. This quarter's cumulative downloads exceeded the 4 million mark and we generated record BIRT-driven revenues of over $6.5 million during the first half of 2008," said Pete Cittadini, Actuate's president and CEO.

Revenues for the second quarter of 2008 were $34.6 million, compared with $34.7 million in the second quarter of 2007. License revenues for the second quarter of 2008 were $12.3 million, compared with $14.1 million in the year-ago quarter. Services and maintenance revenues for the second quarter of 2008 totaled $22.3 million, compared with $20.6 million in the second quarter of 2007. Within this line item, maintenance revenues were $18.6 million for the second quarter, up 11.4% compared with $16.7 million in the same period last year.

Net income for the second quarter of 2008, as reported in accordance with U.S. generally accepted accounting principles (GAAP), was $2.9 million, or $0.04 per diluted share, compared with net income of $3.4 million or $0.05 per diluted share in the second quarter of 2007.

Cash flow from operations was $4.6 million for the second quarter of 2008. Cash flow from operations for the first half of 2008 totaled $16.9 million versus $16.4 million during the same period last year. Cash, cash equivalents and investments totaled $74.9 million at June 30, 2008 compared with $72.8 million as of March 31, 2008. During the quarter the Company used $2.5 million for share repurchases, and has spent $12.5 million year to date on its stock buyback program.

Non-GAAP net income for the second quarter of 2008 was $4.9 million, or $0.08 per diluted share, compared with non-GAAP net income of $5.4 million, or $0.08 per diluted share in the second quarter of 2007. Non-GAAP operating margin for the second quarter of 2008 was 19.1%, nearly unchanged from the 19.7% level achieved in the second quarter of 2007.

Non-GAAP financial measures discussed in this release exclude the following items: a) amortization charges for purchased technology and other intangible assets resulting from the Company's acquisition transactions; b) stock-based compensation expense; c) restructuring charges; d) a charge related to idle facilities; and e) an adjustment to the income tax provision. All of these expenses are included in Actuate's GAAP results. The income tax rate used to compute non-GAAP net income was 30%.

2008 Outlook

The Company maintains its outlook for 2008. Specifically, the Company expects to post total revenue of approximately $140 million, with license revenues of approximately $48 million, Non-GAAP operating margins in the range of 20% - 21% and Non-GAAP EPS of approximately $0.33.

Second Quarter 2008 Business Highlights

-- Total number of BIRT and Actuate BIRT downloads grew to over 4 million;

-- Actuate exceeded $6.5 million in BIRT-related business in the first half of the year;

-- BIRT Exchange was redesigned and maintained positive momentum across key metrics including user ranks;

-- Actuate 9 SP3 was released to enhance support for a wider range of deployments;

-- Actuate was the first to provide support, services and value added commercial products for the June 2008 release of Eclipse BIRT 2.3;

-- Actuate was ranked 37 on the Fortune Small Business Top 100 List of Fastest Growing Companies;

-- XLsoft signed an agreement to resell Actuate's entire Java reporting product line, including BIRT-based products and the newly launched Actuate iServer Express in the Japan and Asia Pacific markets;

-- Actuate and Webalo announced plans to deliver BIRT output to mobile devices;

-- Actuate Performancesoft Views was selected as the Performance Management system of choice for key healthcare organizations including Bridgepoint Health, Winona Health, Dryden Regional Health Centre, Sefton Primary Care Trust, Derby City Primary Care Trust and Leeds Primary Care Trust.

Second Quarter Customer Highlights

During the second quarter, Actuate received significant new and repeat business from, among others: HSBC Global Asset Management, Corpsoft Nordic (ReportSoft), Madrid City, Societe Generale, Pictet Funds, Toyota Motor Manufacturing (UK) Ltd., Schleupen AG, California Independent System Operator (ISO) Corporation, Humana Military Healthcare Services, Inc., Mercer Insurance Group, Inc., Verizon Business, Global Dosimetry Solutions, Inc., LA County Sanitation District, Wachovia Securities, LLC, Deltek, Inc., Niku Corp/CA, Siebel Systems Inc., S1 Corporation, Sandia National Laboratories, Abu Dhabi Police, Sumaria Group, ECC - (Environmental Chemical Corporation), Natural England, New York State Office for Technology.

Conference Call Information

Actuate will be holding a conference call at 4:30 p.m. Eastern Time, today, August 4th, 2008 to further discuss second quarter results. The dial-in number for the call is 866-383-8119 (+1 617-597-53

Über Actuate Corporation

Actuate ist Gründer des Eclipse BIRT Open Source Projekts und seit Beginn richtungsweisend am Projekt beteiligt. BIRT ist eine Entwicklungsumgebung für Rich Information Applications (RIA), mit denen sich Daten ansprechend und interaktiv für verschiedene Endgeräte aufbereiten lassen. Ziel von Actuate und seinen Mitarbeitern ist es, mit BIRT die besten Voraussetzungen für die Entwicklung von webbasierten Applikationen zu schaffen. RIA sorgen für eine verbesserte operative Performance und eine höhere Kundenzufriedenheit. Actuate stellt kontinuierlich Ressourcen bereit, um die BIRT-Community auszubauen und für neue Zielgruppen interessant zu machen. www.birt-exchange.com ist eine interaktive Plattform, auf der sich Interessierte an der BIRT-Bewegung beteiligen können.

Actuates BIRT-Produkte und –Services beschleunigen den Entwicklungsprozess und bieten zusätzliche Funktionalitäten, Interaktivität sowie höchste Skalierbarkeit für Rich Information Applications. Das Unternehmen hat weltweit über 4.500 Kunden aus verschiedenen Branchen wie beispielsweise der Finanzdienstleistung und dem öffentlichen Sektor. Actuate, mit Hauptsitz in San Mateo/ USA, wurde 1993 gegründet und besitzt Niederlassungen weltweit. Das Unternehmen ist mit dem Kürzel ACTU an der NASDAQ gelistet. Mehr Informationen unter www.actuate.de oder www.actuate.com.

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