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Wind River reports Q1 results, revenue reaches $65M

Posted: 06 Jun 2006 ?? ?Print Version ?Bookmark and Share

Keywords:fiscal year? revenue? Wind River?

Wind River Systems Inc., a provider of device software optimization solutions, reported its first quarter fiscal year 2007 operating results. Total revenue for the first quarter ended April 30, 2006 was $65 million. This represents a 5 percent increase compared to revenues for the first quarter ended April 30, 2005.

Non-GAAP net income for the first quarter of fiscal year 2007, which excludes stock-based compensation expense, amortization of intangibles, restructuring expenses, payroll taxes on exercise of employee stock options, and the income tax impact of these adjustments, was $2.8 million. Non-GAAP net income per dilutive share was 3 cents for the first quarter of fiscal years 2007 and 2006.

"Our operating expenses were up slightly in the quarter primarily reflecting investments in marketing and sales," said Mike Zellner, chief financial officer and senior vice president, finance and administration. "We remain committed to delivering 20 percent operating margins excluding SFAS 123R's expense impact, when we reach quarterly revenues in the high $70 millions."

For Q2 fiscal year 2007, Wind River expects revenue to be between $66 million and $68 million.

For fiscal year 2007, the company said it expects revenue to be between $290 million and $300 million; bookings growth to exceed revenue growth; GAAP earnings per share, including approximately $20 to $23 million estimated SFAS 123R expense, to be between 12 cents and 17 cents; and non-GAAP earnings per share to be between 38 cents and 43 cents.

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