(openPR) - Wind River Systems, Inc. (Nasdaq:WIND), the global leader in Device Software Optimization (DSO), reported its preliminary selected financial results for the second quarter of fiscal year 2007. An internal stock option review is in the process of being completed. Accordingly, the company is only providing select financial information until this review is concluded.
Total revenue for the second quarter ended July 31, 2006 was $73.5 million, a 10% increase compared to revenues of $66.7 million for the second quarter ended July 31, 2005.
Financial Highlights for the Second Quarter of Fiscal Year 2007:
• Reported revenue of $73.5 million represented an increase of 10% year-over-year vs Q2 FY06.
• Total deferred revenue increased $0.5 million from Q1 FY07 and 27% year-over-year to $102.0 million.
• Current deferred revenue increased $1.0 million from Q1 FY07 and 30% year-over-year to $89.9 million.
• GAAP cash flow from operations of approximately $11.6 million.
• Cash equivalents and investments totaled $216.2 million.
• Repurchased over 1.1 million shares of company common stock at an average price of $8.63.
• Net other income of $1.5 million.
"Our strong revenue growth is an early indication that we are improving our execution against a growing DSO market and that our strategy is on target. Our new products, including both VxWorks & Linux-based platforms, are gaining momentum," said Ken Klein, president, chief executive officer and chairman of Wind River. "The investments we have made in our sales force, new products and alliances are positively impacting our results." [...]
About Wind River
Wind River is the global leader in device software optimization (DSO). Wind River enables companies to develop and run device software faster, better, at lower cost and more reliably. Wind River platforms are pre-integrated, fully standardized enterprise-wide development solutions. They reduce effort, cost and risk and optimize quality and reliability at all phases of the device software development process from concept to deployed product.
Founded in 1981, Wind River is headquartered in Alameda, California, with operations worldwide.
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
Newsfeed
