Actuate Earnings: Everything You Must Know Now

Actuate Corporation (NASDAQ:BIRT) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Actuate Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 27.27% to $0.08 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 0.17% to $34.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Actuate Corporation reported adjusted EPS income of $0.08 per share. By that measure, the company met the mean analyst estimate of $0.08. It beat the average revenue estimate of $34.17 million.

Quoting Management: “Our first quarter marks a solid start to 2013 with 16% year-over-year growth in our overall license revenue,” said Peter Cittadini, President and CEO of Actuate. “Our recently launched BIRT iHub consolidates our key offerings and helps our customers to harness Big Data Business Analytics, Customer Communications Management and Customer Facing Applications and their intersection with touch devices, for maximum benefit. BIRT iHub is being well received by our customers and accelerating and is the future growth driver for Actuate.”

Key Stats (on next page)…

Revenue decreased 3.67% from $36.23 million in the previous quarter. EPS decreased 11.11% from $0.09 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.10 and has not changed. For the current year, the average estimate has moved down from a profit of $0.39 to a profit of $0.37 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]